Elektron gets £300k for Digitron
Elektron Technology plc, the Cambridge-based global technology group, has completed the sale of the business and assets – excluding trade debtors and creditors – of subsidiary Digitron to The British Rototherm Company for £0.3 million cash.
Digitron makes instruments for pressure and temperature measurement; the cash proceeds will be used by Elektron for working capital purposes.
The sale is part of the Group's rationalisation of its portfolio, focusing its investment on the core segments of Bulgin, IMC (Instrumentation, Monitoring and Control) portfolio and Checkit.
Elektron, headed up by CEO John Wilson (pictured), says it is continuing to transform its business, building a technology led company through its strategy of innovation, streamlining operations and investing in infrastructure, people and capabilities.