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Highlights:
- Strategic Acquisition: Oxford Metrics acquires The Sempre Group for up to £5.5 million to enhance its smart manufacturing division.
- Earnings Boost: The acquisition is expected to be immediately earnings-enhancing for Oxford Metrics.
- Expansion and Synergies: Sempre Group brings new industry knowledge, customers, and market opportunities, with synergies aligning with Oxford Metrics’ existing smart manufacturing operations.
Oxford Metrics (LSE:OMG), an AIM-listed software business, announced on Friday its acquisition of The Sempre Group, a specialist in measurement technology, for up to £5.5 million. The acquisition is set to boost Oxford Metrics’ presence in the smart manufacturing sector and is expected to immediately enhance the company’s earnings.
The acquisition will be funded through £5 million in cash from Oxford Metrics’ existing resources, with an additional £500,000 contingent on Sempre meeting specified business performance targets. The Sempre Group’s integration into Oxford Metrics will bring new customers, partners, and products, expanding the company’s reach into new markets. The company believes this acquisition aligns well with its current smart manufacturing division and its subsidiary, IVS.
Oxford Metrics CEO, Imogen O’Connor, expressed enthusiasm about the acquisition, noting the strategic benefits it offers. “Today’s acquisition of Sempre strengthens our smart manufacturing division, it has synergies with IVS and also brings us a deep pool of industry knowledge, an established sales and services organisation plus access to new customers, partners, and products, taking us into new markets," O'Connor stated. She further emphasized the company’s investment strategy, which focuses on both people and products with clear commercial and technical synergies to drive growth.
As of 1025 BST, Oxford Metrics’ shares had risen by 5.59%, trading at 60.19p, reflecting positive market sentiment following the announcement.
This acquisition marks a significant step for Oxford Metrics as it continues to strengthen its position in the growing smart manufacturing sector, with a clear focus on leveraging synergies and expanding its market presence.
