(Alliance News) - SAES Getters Spa announced that it has completed the acquisition of the entire capital of German company FMB Feinwerk- und Meßtechnik GmbH from partners Uwe Schneck, Ingmar Lehmann and Jens Rekow and Mardi Beteiligungs GmbH & Co.

The acquisition scope did not include the British subsidiary FMB Oxford Limited, which was previously owned by FMB Berlin and whose business is not considered strategic for SAES.

The objective of the acquisition of the well-established international player in scientific components and instrumentation for synchrotrons and particle accelerators is to strengthen SAES' international position and leadership in the advanced scientific research market by expanding in the European and global arena the offering of vacuum systems used in particle accelerators and synchrotrons.

The purchase price was EUR8 million, paid by SAES in cash, using its own funds. The amount of FMB's cash is close to zero at closing.

FMB Berlin, in fiscal year 2023, had revenues of approximately EUR13.4 million, with an Ebitda margin of 13 percent. As of December 31, 2023, the company's equity was EUR4.8 million. The company employs about 60 people.

SAES Getters trades in the green by 0.8 percent at EUR26.50 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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