SDI Group PLC has acquired Northern Ireland based InspecVision, in a deal advised on by dealmaking experts, GS Verde Group.

SDI Group PLC, the buy and build group, focused on companies which design and manufacture specialist lab equipment, industrial & scientific sensors and industrial & scientific products, is pleased to announce the acquisition of InspecVision Ltd ("InspecVision"), a designer and manufacturer of computer vision-based measurement systems for industrial applications, for a net consideration of £6.1m.

Highlights:

• Profitable business in the metrology market
  

• Blue chip customer base, international revenues and strong US market exposure
  

• Provides intra-group cross selling opportunities
  

• Delivering against Group's stated acquisition strategy
  

• InspecVision will join the Group's Industrial & Scientific Products division
  

Stephen Brown, CEO of SDI Group, said: "InspecVision is a high-quality, profitable business which fulfils our key investment criteria of trading in a growth sector, with international exposure and a strong management team. The acquisition presents a rare opportunity to buy such a good business poised to capitalise on future growth in the metrology market.

Its US market presence also provides a platform to deliver additional value to other Group portfolio companies, particularly through cross-selling synergies and opening up new routes to market. We are excited by the prospects for this acquisition and continue to pursue our acquisitive growth strategy alongside our organic growth programme."

GS Verde Group were delighted to support SDI Group PLC on this transaction. With offices in Ireland and across the UK, the Group continues to support buy & build businesses with its broad suite of advisory services.

Nigel Greenaway, CEO of GS Verde Group said: "We are delighted to have supported SDI Group PLC on this acquisition, and look forward to working with the Group on future transactions. We wish all parties involved in this transaction, the very best of success for the future".

Full RNS article here: Londonstockexchange