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.
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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.
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(END) Dow Jones Newswires
October 18, 2017 03:22 ET (07:22 GMT)