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TT Electronics buys Roxspur
TT ELECTRONICS yesterday revealed that it has snapped up Roxspur Measurement & Control for an initial fee of £7.5m.
The cost of the deal could rise to £10m, dependent on a further £2.5m payable in 2016 based on performance of the business.
Sheffield-based Roxspur, which makes hi-tech sensors, has companies such as Tata, Rolls Royce and British Energy among its customers.
The deal is expected to be earnings enhancing for TT.