SDI Group, the AIM-listed group focused on the design and manufacture of scientific and technology products for use in digital imaging and sensing and control applications, has acquired Peak Sensors, a manufacturer of temperature sensors in a £2.4m deal.
Peak is based in Chesterfield with a 5,300 sq ft leasehold facility, and has approximately 14 employees.
Revenues for the year ended 31 March 2023 were £2.1m, with EBIT of c.£330,000.
Peak will join the group’s Sensors and Controls division.
Ken Ford, chairman of SDI, said: “The acquisition of Peak is a further step in our group growth strategy, demonstrating again the opportunities to acquire businesses with high quality products with export growth potential.
“The acquisition is expected to be earnings enhancing in the first full year of ownership. We are delighted to welcome Roshan Aucklah, Peter Smith and their staff at Peak to the SDI Group.”
