SDI Group plc (AIM:SDI) acquired Peak Sensors (Holding) Limited for £2.4 million on November 3, 2023.Total consideration is estimated at £2.4 million and consists of Initial cash consideration on completion of £1.58 million and A balancing payment in cash shortly after completion, expected to be approximately £0.82 million, which is dependent on the total consolidated net assets of Peak Sensors Holdings Limited at completion. The acquired net assets are expected to include a small cash balance being Peak's ongoing cash working capital. The cash consideration will be funded from the Group's revolving credit facility with HSBC UK Bank. For the year ended 31 March 2023, Peak Sensors achieved revenues of approximately £2.1 million , EBIT of c.£0.33 million and the Group's statutory profit before tax was c.£0.367 million. Ed Frisby, Seamus Fricker, Andrew Burdis, Sunila de Silva from Cavendish Capital Markets Limited acted as financial advisors to SDI Group plc (AIM:SDI).

SDI Group plc (AIM:SDI) completed the acquisition of Peak Sensors (Holding) Limited on November 3, 2023.