21 March 2011 – acquisition

The scientific instruments group has completed the acquisition of a 51% indirect interest in Deben (UK) Limited for a cash consideration of £3.26m.  Deben designs, manufactures and sells devices used to enable or improve the observation of objects under a microscope.  The acquisition is expected to be an excellent addition to the group’s electron microscopy business and will be earnings enhancing immediately.  The shares remain a BUY.