Scientific Digital Imaging eyes more acquisitions after record results
Cambridge imaging technology business Scientific Digital Imaging plc is eyeing fresh growth strategies, including acquisitions, to build on record last year results.
Quoted on the UK’s AIM market, SDI hoisted revenues 35 per cent to £14.5 million in the year to April 30. Profit before tax increased by £810,000 to £1.713m.
SDI designs and manufactures scientific and technology products for use by the life science, healthcare, astronomy, consumer manufacturing and art conservation markets.
Revenue growth was driven both organically and via acquisitions; the organic revenue growth was delivered by Sentek and Atik Cameras with growth from acquisitions by Astles Control Systems and Applied Thermal Control.
Chairman Ken Ford believes there is more to come. He said: “The positive contribution of Atik Cameras and Sentek via their global OEM business, as well as direct sales of Synoptics and ACS products, are expected to drive growth and profitability in 2018-19.
“To maintain and develop its portfolio, SDI will continue its proven strategy of organic and acquisitive growth. The board is confident that the SDI Group will continue to deliver profitable growth through increased revenue and new acquisitions in 2018-19.”
Applied Thermal Control ATC is developing a new environmentally-friendly product which can be used in automated systems alongside SDI’s Sentek single-use electrodes and offers an opportunity for cross-promotional marketing.
Ford said: “Becoming part of the SDI group has allowed ATC access to new distributors and Original Equipment Manufacturers who are evaluating their products. QSI was a smaller acquisition.
“Their technology, which is now being manufactured at Atik Camera’s Lisbon site, provides the Atik camera range with a higher specification camera for astronomy and life science applications and completes its imaging portfolio.
“These new acquisitions will help ensure the SDI Group achieves sustainable growth and profitability in the coming year. We are continuing with our successful buy and build strategy and have identified several other potential acquisitions with technologies which will complement the capabilities of our existing activities.”