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Judges Scientific PLC - London-based acquirer of scientific-instrument companies - Subsidiary Dia-Stron Inc buys Bossa Nova Vision LLC, a Los Angeles-based company specialising in imaging measurement technology for the cosmetics industry, for $1.6 million in cash. Expects the acquisition to be earnings enhancing. In 2022, Bossa Nova Vision’s earnings before interest and tax was $400,000. Judges says the acquisition is complementary to Dia-Stron’s existing business, which provides measurement solutions for hair tresses and fibres in the personal care market.
Dia-Stron Managing Director Yann Leray says: ‘We are pleased to welcome the BNV team to the Judges family. The Dia-Stron management and the Judges board believe that BNV is a solid, growing and profitable company manufacturing quality products and that our customers will greatly benefit from BNV’s complementary offering.’
Current stock price: 9,997.60 pence, up 0.6% on Tuesday morning in London
12-month change: up 47%
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