Spectris has dug deep and paid $475m (£290m) for Omega Engineering, a privately-held American company that makes sensors and controls for industrial testing and measuring devices.
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It will beef up Spectris's fast-growing, but much smaller, industrial controls division, which contributed £9.5m of adjusted operating profit in 2010 and revenue of £59.8m. Omega made a £24m profit last year on sales of £103m, and will enhance earnings in 2012.
When: 14 January 2011
Price then: 1,308p
Price now: 1,416p
Price change: +8%
