AcquisitionsThe acquisition of Piezocryst Advanced Sensorics is set to significantly boost the Dynamics division, enhancing offerings in auto, aerospace and defense, energy, and industrial sectors.
Financial PerformancePiezocryst is a high-margin business with 30% EBITDA margins, and the acquisition is expected to be accretive to earnings and margins, making the price paid look reasonable post-synergies.
Strategic GrowthManagement highlights a 'step change in strategic execution' through recent acquisitions and new product launches, alongside a £150m buyback, indicating strong growth potential.