07:00 Wed 04 Dec 2019
Judges ScientificPLC - Acquisition of Moorfield Nanotechnology Limited
Press Release |
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Acquisition of
The purchase price of Moorfield, paid in cash at completion, amounts to
The consideration for the Acquisition has been financed from the Group's
Information on Moorfield
Moorfield specialises in the design and manufacture of physical and chemical vapour deposition instruments used to cover materials with thin films. Moorfield's systems are used for academic and industrial research, including semiconductors, photovoltaics, graphene and 2D materials.
Moorfield was established in 1989 by Jonathan and
Moorfield's accounts for the financial year to
Moorfield's operating profit for the year ended
Information on Quorum
Quorum is a world leading manufacturer of instruments used to coat samples for electron microscopy; Quorum's main market is life sciences and the association with Moorfield will open new horizons into material science.
"Moorfield is an excellent company with quality products, which will complement Quorum's pre-eminent capabilities in the coating sector. This cash generative acquisition enhances our earnings and fits within the Judges disciplined growth model. We are delighted to welcome Jonathan, Jonathan and their colleagues to Judges' family."
For further information please contact:
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Tel: +44 (0) 20 3829 6970 |
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Shore Capital (Nominated Adviser & Joint Broker) |
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Edward |
Tel: +44 (0) 20 7408 4090 |
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Tel: +44 (0) 20 3100 2222 |
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Media enquiries: Alma PR (Financial Public Relations) |
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Tel: +44 (0) 20 3865 4219 |
Notes to editors:
The acquired companies are primarily
The Group's companies predominantly operate in global niche markets, with long term growth fundamentals and resilient margins.
For further information, please visit www.judges.uk.com
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