- £5.5mn earnings-accretive acquisition
- £6mn share buy-back programme
- Rated on eight times operating profit estimates to enterprise valuation
Shares in smart sensing and software group Oxford Metrics (OMG: 59.5p) have yet to react to the smart-looking acquisition of Gloucester-based The Sempre Group, a measurement specialist that helps blue-chip manufacturers be more efficient and improve quality – ultimately saving time and money.
Trusted by more than 25 well-known manufacturers including Renishaw, Micro-Vu and Jenoptik, Sempre offers its customers an extensive range of bespoke metrology solutions to address quality and automation challenges in the aerospace, automotive, medical, energy and precision engineering sectors. For instance, customers use its technology for the measurement of wingspans for airliners and measuring compliance and the precision of bone screws and joint implants.