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Judges Scientific Plc acquires Korvus Technology Limited

1 min read | October 19, 2020 11:42 AM BST | By Team Kalkine Media
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Judges Scientific Plc (LON:JDG) has acquired the entire issued share capital of a maker of vapour deposition systems, known as Korvus Technology Limited.

  • The initial consideration for the acquisition is £2.64 million in cash, which has been financed from the Group's £35 million acquisition facility from Lloyds Bank Corporate Markets.

 

  • The board of the company expects the acquisition of Korvus Technology to be immediately earnings enhancing and it would add to group's capability in thin films alongside Quorum and Moorfield.

 

  • On 19 October 2020, the stocks of the company were up by 0.58% from the previous closing, hovering at GBX 5,250.00 at 09:13 AM GMT+1.

 

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