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Spectris's operating profit expands by 12 percent thanks to acquisitions

Reuters
February 21, 2013, 12:54 am TWN

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LONDON -- British engineering company Spectris PLC said full-year operating profit rose 12 percent as sales in its industrial controls business almost doubled, helped by acquisitions it made in 2011.

Spectris, which makes testing and precision measuring equipment for the mining, oil and gas, pharmaceuticals and transportation industries, said operating profit rose to 196.5 million pounds (US$303.5 million) in 2012 from 175.8 million pounds last year.

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