By Dimitrios Kontos

Spectris PLC (SXS.LN) said Wednesday that it has completed the acquisition of U.S. company Omnicom Group Inc. (OMC) for an initial consideration of $29 million.

The U.K.-based electronics company said that Omnicon provides a range of services in important U.S. industries, including aerospace, automotive, transportation and defense.

Spectrics believes that the acquisition provides it with strong geographic growth opportunities across the joint customer base of the two companies, in the U.S. and in Europe.

Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com

(END) Dow Jones Newswires

October 18, 2017 03:22 ET (07:22 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
Grafico Azioni Spectris (PK) (USOTC:SEPJY)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di Spectris (PK)
Grafico Azioni Spectris (PK) (USOTC:SEPJY)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di Spectris (PK)