KKR and Advent are bidding to acquire Spectris for up to £4.7bn.

KKR and Advent, a private equity companies, are bidding to acquire Spectris, a supplier of precision instrumentation and controls, for up to £4.7bn. "The Spectris management team have transformed the Spectris Group into a leading, sustainable business with high quality premium precision measurement solutions that enable customers to solve some of their greatest challenges. The Board remains confident in Spectris' strategy and the opportunities that will be delivered over the medium term, but believes that Advent's offer recognises the attractiveness of Spectris and represents strong and immediate cash value for shareholders at an attractive premium of 84.6 per. cent to the undisturbed share price," Mark Williamson, Spectris Chairman.