AcquisitionsThe acquisition of Piezocryst Advanced Sensorics is strategically sensible, integrating into HBK and enhancing Spectris Dynamics' offerings in auto, A&D, 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, with a reasonable price paid post-synergies.
Strategic ExecutionManagement highlights a 'step change in strategic execution' through acquisitions like SciAps and Micromeritics, along with a record level of new products and a £150m buyback.