Spectris to acquire Omega Engineering for $475 million

EGHAM, England — British electrical engineering firm Spectris PLC has signed a $475 million agreement to buy privately held Omega Engineering, according to a press release.

Omega provides a broad range of process measurement and control instrumentation to customers in industrial and academic markets, selling directly to end users in these sectors via catalog, telephone and Internet.

Headquartered in Stamford, Conn., the company has five manufacturing facilities and two distribution/sales facilities and employs around 700 people.

“Trading since the time of our last update on 15 July has remained in line with our expectations,” said John O’Higgins, CEO of Spectris. “We are delighted to have reached agreement to acquire the Omega Engineering business, which will bring a significant strategic growth platform to our Industrial Controls segment.”