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Market: AIM
Sector: Engineering
EPIC: HTH
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Hartest Holdings plc
www.hartest-holdings.com

Hartest Holdings plc is a United Kingdom-based company engaged in the manufacture and sale of specialist scientific instrumentation together with the distribution of specialist healthcare equipment.

The Company’s instrumentation division manufactures, sells and distributes a range of specialist instruments and supplies for use in testing, measurement, performance improvement and research.

Full Hartest Holdings plc profile here
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Delta Controls increases offer for precision instruments manufacturer Hartest Holdings

27th Nov 2009, 9:56 am

Shares in Hartest Holdings (AIM: HTH)(“Hartest”) were on the move this morning after Delta Controls Limited announced that it had upped its offer for the company to 61 pence per share in cash.  On October 8, Delta Controls made an indicative offer of 50 pence per share.

Hartest Holdings manufactures a range of products including precision instruments, microscopy equipment, power management systems for specialist vehicles, and healthcare and medical equipment.

The revised bid by Delta is subject to support from Hartest Holding’s two largest shareholders – Elektron PLC and Bronsstadet AB who hold a combined 53.1% of the issued share capital. “In the absence of support from one or other of these key shareholders then Delta Controls will not proceed with an offer. However, Delta Controls reserves the right to waive this pre-condition,” Delta added.

Shares in Hartest jumped 21% to 53 pence.

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