Spectris

The company was founded by Richard Fairey in 1915, as the Fairey Aviation Company with the objective of manufacturing seaplanes.[http://www.spectris.com/aboutus/history.php Spectris: History] In 1980 the business was acquired by Pearson from which it was the subject of a management buy-out in 1987. It was first listed on the London Stock Exchange in 1988. In the 1990s the company focused on electronics selling its electrical insulator and hydraulic actuator businesses.

In 1997 it acquired Burnfield, a measuring instruments manufacturer, and in 1999 it bought Servomex, an industrial instruments manufacturer. In 2000 it bought four instrumentation businesses from Spectris A.G. of Germany and then in 2001 changed its name to Spectris plc. In 2002 it bought the Philips Analytical business.{{cite web|url=https://www.independent.co.uk/news/business/news/spectris-buys-xray-technology-for-150m-184701.html |archive-url=https://ghostarchive.org/archive/20220524/https://www.independent.co.uk/news/business/news/spectris-buys-xray-technology-for-150m-184701.html |archive-date=24 May 2022 |url-access=subscription |url-status=live|title=Spectris buys X-ray technology for €150m|date=18 July 2002|work=The Independent|access-date=3 April 2015}} In 2011, Spectris bought Omega Engineering for $475 million.{{cite news|last1=Ebrahami|first1=Helia|title=Spectris buys US rival for $475m|url=https://www.telegraph.co.uk/finance/newsbysector/industry/engineering/8702537/Spectris-buys-US-rival-for-475m.html|access-date=13 September 2014|publisher=The Telegraph|date=16 August 2011}}

In December 2012 it sold Fusion UV to Heraeus Holding, GmbH. for US$172 million in cash, using the proceeds to pay down debt.{{cite web|url=http://uk.finance.yahoo.com/news/spectris-sells-fusion-uv-business-075300014.html|title=Spectris sells Fusion UV business to Heraus for 172m dollars|publisher=Yahoo Finance|date=19 December 2012}} In 2014 it acquired ESG Solutions, an industry leader and pioneer in microseismic technology and services for the oil and gas, mining and geotechnical industries.{{cite web|url=http://www.thewhig.com/2014/12/11/kingston-company-sold-in-multimillion-dollar-deal|title=Kingston company sold in multimillion-dollar deal|publisher=The Whig|date=11 December 2014}}

In January 2018, Spectris Group acquired Concept Life Sciences from the private equity firm Equistone Partners for £163m.{{Cite web|url=https://www.outsourcing-pharma.com/Article/2018/01/29/Concept-Life-Sciences-acquired-by-Spectris|title=Concept Life Sciences acquired by Spectirs|date=29 January 2018 |publisher=Outsourcing-pharma|language=en|access-date=10 May 2020}} In April 2018, Spectris acquired Revolutionary Engineering from company management for US$19m on a debt and cash-free basis and merged the company into the Spectris owned subsidiary, Millbrook Proving Ground.{{Cite press release|url=https://www.prnewswire.com/news-releases/millbrook-expands-propulsion-test-offering-with-the-acquisition-of-revolutionary-engineering-inc-300623525.html|title=Millbrook Expands Propulsion Test Offering with the Acquisition of Revolutionary Engineering, Inc|publisher=CISION PR Newswire|language=en|access-date=10 May 2020}} In July 2018, Spectris acquired the leading provider of turnkey solutions, VI-Grade for an undisclosed sum.{{Cite web|url=https://www.realwire.com/releases/Hampleton-Partners-advises-on-the-sale-of-VI-grade-to-Spectris|title=Hampleton Partners advises on its third automotive technology transaction in 12 months - the sale of vehicle simulation company VI-grade to Spectris|date=24 July 2018 |publisher=realwire|language=en|access-date=10 May 2020}} It joined Spectris as an independent company; however, following changes in the business merged with Spectris owned HBK in February 2020.{{Cite web|url=https://www.marketscreener.com/SPECTRIS-PLC-9590171/news/Spectris-2019-full-year-results-30024429/|title=Spectris : 2019 full year results|date=20 February 2020 |publisher=MarketScreener|language=en|access-date=10 May 2020}}

In July 2018, Andrew Heath was announced as the new CEO of Spectris following the retirement of John O’Higgins. O'Higgins was CEO of Spectris for 12 years. Heath formally joined Spectris as the CEO in September 2018.{{cite web|url=https://markets.businessinsider.com/news/stocks/spectris-confirms-appointment-of-andrew-heath-as-ceo-designate-1027502453|publisher=Business Insider|language=en|access-date=10 May 2020|title=Spectris confirms appointment of Andrew Heath as Chief Executive Designate}}

In September 2019 it announced the divestment of BTG to Voith for total gross cash consideration of €319 million (£283 million).{{Cite web|url=https://www.sharesmagazine.co.uk/news/shares/how-btg-sale-will-bolster-growth-potential-for-industrial-kit-maker-spectris|title=How BTG sale will bolster growth potential for industrial kit maker Spectris|publisher=Shares Mazazine|date=19 September 2019|language=en|access-date=27 September 2019}}

In January 2020, Spectris announcement the divestment of EMS Brüel & Kjær, a joint venture with Macquarie Corporate Holdings Pty Limited. Spectris and Macquarie Corporate Holdings Pty Limited divested EMS Brüel & Kjær to Envirosuite Limited, an environmental management technology company. Spectris received AUD35 million cash, less repayment of EMS B&K's debt facility on completion, and 10 million shares in Envirosuit in consideration.{{Cite web|url=https://www.sharesmagazine.co.uk/news/market/6750298/Spectris-sells-stake-in-EMS-Bruel-Kjaer-to-Envirosuite|title=Spectris sells stake in EMS Bruel & Kjaer to Envirosuite|date=17 January 2020|publisher=Shares Magazine|language=en|access-date=26 May 2020}}

In November 2020, it was announced that HBK subsidiary, VI-grade would acquire Imtec Engineering for an undisclosed sum.{{Cite web|url=https://www.vehicledynamicsinternational.com/news/industry-news/vi-grade-acquires-imtec-engineering.html|title=VI-grade acquires IMTEC Engineering|date=24 November 2020|publisher=Vehicle Dynamics International|language=en|access-date=25 February 2021}} Further to acquisition of IMTEC Engineering, the traffic simulation and sensor simulation company, RightHook, was acquired and merged into VI-grade in November 2020 for an undisclosed sum.{{Cite web|url=https://www.vehicledynamicsinternational.com/news/simulation/vi-grade-launches-unreal-environment-for-simulators.html|title=VI-grade launches Unreal environment for simulators|date=11 November 2020|publisher=Vehicle Dynamics International|language=en|access-date=11 May 2021}}

Spectris announced in December 2020 that Millbrook Proving Ground would be divested from the Spectris portfolio of companies and acquired by UTAC CERAM for £133 million.{{Cite web|url=https://www.sharesmagazine.co.uk/news/market/LSE20201210070009_3810293/Divestment-of-Brel-Kjr-Vibro-and-Millbrook|title=Divestment of Brüel & Kjær Vibro and Millbrook|date=10 December 2020|publisher=Shares Magazine|language=en|access-date=25 February 2021}} The divestment was completed on the 2 February 2021.{{Cite web|url=https://www.sharesmagazine.co.uk/news/market/lse20210202071511_3865205/Divestment-of-Millbrook-completed|title=Divestment of Millbrook completed|date=2 February 2021|publisher=Shares Magazine|language=en|access-date=25 February 2020}}

In December 2020 it was announced that B&K Vibro, another Spectris company, would be acquired by NSK Group for £163 million in cash.

In April 2021, Spectris announced the acquisition of the real-time operating system developer and manufacturer Concurrent Real-Time from Battery Ventures, a Boston-based PE firm, for a purchase consideration of $166.7 million (£121.2 million) in cash.{{Cite web|url=https://www.businessleader.co.uk/hbk-announces-the-acquisition-of-concurrent-real-time/115572/|title=HBK announces the acquisition of Concurrent Real-Time|date=6 April 2021|publisher=Business Leader News|language=en|access-date=29 April 2021}} Spectris also announced the divestment of ESG Solutions from its Industrial Solutions Division for $4 million to SCF Partners to be merged into their existing company Deep Imaging Technologies, Inc.{{Cite web|url=https://www.investegate.co.uk/article.aspx?id=202104220700022268W|title=Spectris plc Q1 trading update|date=22 April 2021|publisher=Investegate|language=en|access-date=29 April 2021}} Following this, on the 24 August 2021, the divestment of NDC Technologies was confirmed. NDC was acquired by Nordson Corporation from Spectris for $180 million.{{Cite web|url=https://www.marketwatch.com/story/spectris-sells-ndc-technologies-to-nordson-for-180-mln-271629792636|title= Spectris Sells NDC Technologies to Nordson for $180 Mln |date=24 August 2021|publisher=MarketWatch|language=en|access-date=25 August 2021}}

Spectris announced on 11 January 2022 that the specialist bioanalysis sensor company, Creoptix, had been acquired by Malvern Panalytical for an undisclosed sum. Creoptix would be integrated into Malvern Panalytical throughout the first half of 2022.{{Cite web|url=https://www.swissbiotech.org/listing/creoptix-acquired-by-uk-based-malvern-panalytical/|title=Creoptix acquired by UK-based Malvern Panalytical|date=11 January 2022|publisher=Swiss Biotech|language=en|access-date=13 January 2022}} In April the Spectris operating company, Red Lion Controls, announced that they have acquired MB Connect Line for an undisclosed figure.{{Cite web|url=https://www.connectivity4ir.co.uk/article/190246/Red-Lion-Controls-Expands-Secure-Remote-Access-Offering-with-Acquisition-of-MB-connect-line.aspx|title=Red Lion Controls Expands Secure Remote Access Offering with Acquisition of MB connect line|date=7 April 2022|publisher=Connectivity|language=en|access-date=14 April 2022}}

On the 19 April 2022, Spectris announced its intention to divest Omega Engineering to the Dwyer Group, an Arcline portfolio company, for $525 million subject to regulatory approval.{{cite news |date=2022-04-19 |title=Arcline Investment Management to Acquire Omega Engineering from Spectris PLC. |url=https://www.prnewswire.com/news-releases/arcline-investment-management-to-acquire-omega-engineering-from-spectris-plc-301527692.html |work=PR Newswire (Cision). |access-date=2023-09-08}} In addition, Spectris announced a share buyback programme of up to £300 million, with an initial tranche of £150 million followed by a further £150 million subject to approval by shareholders.{{Cite web|url=https://www.sharecast.com/news/news-and-announcements/spectris-sells-omega-engineering-for-pound400m-unveils-pound300m-buyback--9598875.html|title=Spectris sells Omega Engineering for £400m, unveils £300m buyback|date=19 April 2022|publisher=ShareCast|language=en|access-date=20 April 2022}}

In May 2022, it was announced Spectris had acquired the California-based designer and manufacturer of piezo-electric accelerometers and dynamic force sensors, Dytran Instruments for £66 million.{{Cite web|title=Spectris lines up £66m US acquisition |url=https://www.insidermedia.com/news/south-east/spectris-lines-up-66m-us-acquisition |access-date=2022-05-11 |website=Insider Media Ltd |date=11 May 2022 |language=en}}

In June 2025, Spectris stated that it would agree to be taken private by Advent International if the private equity firm made its £3.73 billion ($5.06 billion) offer official.{{Cite news |last=Shabong |first=Yadarisa |last2=Babu |first2=Dhanushvignesh |date=2025-06-09 |title=Spectris open to $5 billion takeover bid from Advent, shares soar |url=https://www.reuters.com/technology/uks-spectris-says-it-would-accept-5-billion-takeover-bid-us-based-advent-2025-06-09/ |access-date=2025-06-10 |work=Reuters |language=en}}

The company is organised as follows:{{Cite web|url=https://www.spectris.com/who-we-are/our-businesses|title=Our Businesses|access-date=10 May 2020}}

• Platforms
• Malvern Panalytical
• HBK
• Omega Engineering
• Industrial Solutions Division
• Particle Measuring Systems
• Red Lion Controls
• Servomex

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• [http://www.spectris.com/ Official site]

{{FTSE 250 Index constituents}}

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Category:Fairey Aviation Company

Category:Technology companies of the United Kingdom

Category:X-ray equipment manufacturers

Category:Companies based in Surrey

Category:Technology companies established in 1915

Category:Companies listed on the London Stock Exchange

Category:1915 establishments in England

Category:English brands

Category:Companies in the FTSE 250 Index