Science Group completed the acquisition of Frontier Smart Technologies Group for 35 pence per share.

Science Group completed the acquisition of Frontier Smart Technologies Group, a technology company, engages in the commercial exploitation of wireless technologies and systems, for 35 pence per share. The offer represents a premium of 137.3% to the closing mid-market share price of Frontier on 17 May 2019. The restructuring will result in a substantial reduction in the cost base of Frontier and should provide a platform for the future development of the business. Upon completion of this programme, most of which will occur in 2019, Frontier will be focused on Audio Technologies supplying modules, chips and associated designs/development from operations in Cambridge, Hong Kong and Shenzhen.