Spectris Buys US company Omnicon for $29 Million
October 18 2017 - 2:37AM
Dow Jones News
By Dimitrios Kontos
Spectris PLC (SXS.LN) said Wednesday that it has completed the
acquisition of U.S. company Omnicom Group Inc. (OMC) for an initial
consideration of $29 million.
The U.K.-based electronics company said that Omnicon provides a
range of services in important U.S. industries, including
aerospace, automotive, transportation and defense.
Spectrics believes that the acquisition provides it with strong
geographic growth opportunities across the joint customer base of
the two companies, in the U.S. and in Europe.
Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
October 18, 2017 03:22 ET (07:22 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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