Scientific Digital Imaging Plc QSI Acquisition
02 February 2018 - 6:00PM
RNS Non-Regulatory
TIDMSDI
Scientific Digital Imaging Plc
02 February 2018
Scientific Digital Imaging plc
("SDI", the "Company" or the "Group")
(AIM: SDI)
QSI Acquisition
Scientific Digital Imaging plc, the AIM quoted group focused on
the design and manufacture of scientific and technology products
for use by the life science, healthcare, astronomy, consumer
manufacturing and art conservation markets, announces that, further
to the announcement of 4 January 2018, it has acquired certain
fixed assets, stock, designs and trademarks from Quantum Scientific
Imaging Inc. ("QSI") (the "Acquisition").
The Acquisition, effective 1 February 2018, complements the
existing product offering of the Group's Atik Cameras brand. The
Group intends to move all the purchased assets from the US to
Atik's manufacturing base in Lisbon. QSI's total sales (unaudited)
in the year to 31 December 2017 were c.GBP500,000, however SDI
expects to achieve lower sales than this from the acquisition in
the first year of ownership. SDI is paying a total cash
consideration of $350,000 (c. GBP246,000).
Enquiries:
Scientific Digital Imaging plc 01223 727144
Ken Ford, Chairman
Mike Creedon, CEO
www.scientificdigitalimaging.com
finnCap Ltd 020 7220 0500
Ed Frisby/Kate Bannatyne - Corporate
Finance
Mia Gardner/Camille Gochez - Corporate
Broking
JW Communications 07818 430877
Julia Wilson - Investor & Public
Relations
About SDI:
Scientific Digital Imaging plc designs and manufactures
scientific and technology products for use in applications
including life sciences, healthcare, astronomy, consumer
manufacturing and art conservation. SDI intends to continue to grow
through its own technology advancements as well as strategic,
complementary acquisitions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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