Spectris to acquire Piezocryst Advanced Sensorics from AVL List for €134m.

Spectris, a supplier of precision instrumentation and controls, agreed to acquire Piezocryst Advanced Sensorics, a provider of piezoelectric sensors, from AVL List, an automotive company, for €134m. "Piezocryst is a proven, high-quality business that we have long-admired and will broaden our customer offering through its unique and cutting-edge technology, enabling us to further penetrate the high-temperature, high-precision sensor markets. We are delighted to welcome Piezocryst to the group. Together with the recently completed acquisitions of SciAps and Micromeritics, 2024 has been a strong year for acquisitions and underpins our commitment to generating long-term shareholder value through disciplined use of our capital. We are focused on delivering on the significant potential of these businesses, including the realisation of synergies, aligned to our strategy to compound growth through value enhancing M&A," Andrew Heath, Spectris CEO.