REG - Judges ScientificPLC - Acquisition of the minority shareholding in GdB

Judges ScientificAnnouncement

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RNS Number : 9730J  Judges Scientific PLC  03 December 2025

 3 December 2025

 

Judges Scientific plc

("Judges Scientific" or the "Group")

Acquisition of the minority shareholding in Geotek do Brasil

Judges Scientific, a group focused on acquiring and developing companies in
the scientific instrument sector, announces that its subsidiary Geotek Limited
has acquired the remaining minority share of its majority-owned
subsidiary Geotek do Brasil ltda ("GdB"). GdB operates Geotek's core
digitalisation business in Brazil.

The 18% minority share in GdB has been acquired for an initial consideration
of BRL13m (£1.9m), plus excess cash and earnout of up to £0.7m. The initial
consideration will be payable in 60 monthly instalments of BRL324K (£0.045m)
including interest.

If, and to the extent GdB's average adjusted EBIT for the years 2025 and 2026
exceeds BRL16.1m (£2.3m) (an amount equivalent to GdB's adjusted EBIT for the
twelve months to 28 February 2025), an earn-out equal to 18% of 4.5 times the
excess will be payable, subject to a cap of £0.7m.

The Board of Judges expects the transaction to be immediately earnings
enhancing for the Group.

 

For further information please contact:

 

 Judges Scientific plc                                        Shore Capital (Nominated Adviser & Joint Broker)

 David Cicurel, CEO                                           Stephane Auton

 Brad Ormsby, CFO                                             Harry Davies-Ball

 Tel: +44 (0) 20 3829 6970                                    Tel: +44 (0) 20 7408 4090

 Panmure Liberum (Joint Broker)                               Investec Bank plc (Joint Broker)

 Edward Mansfield                                             Virginia Bull

 William King                                                 Carlton Nelson

 Tel : +44 (0) 20 3100 2222                                   Tel: +44 (0) 20 7597 4000

 Alma (Financial Public Relations)

 Sam Modlin

 Rebecca Sanders-Hewett

 Joe Pederzolli

 Sarah Peters

 Tel: +44 (0) 20 3405 0205

 judges@almastrategic.com (mailto:judges@almastrategic.com)

 

Notes to editors:

Judges Scientific plc (AIM: JDG), is a group focused on acquiring and
developing companies in the scientific instrument sector.  The Group consists
of 25 businesses acquired since 2005.

 

The acquired companies are primarily UK-based with products sold worldwide to
a diverse range of markets including higher education institutions, scientific
research facilities, manufacturers, and regulatory authorities.  The UK is
a recognised centre of excellence for scientific instruments.  The Group has
received five Queen's Awards for Innovation and Export.

 

The Group's companies predominantly operate in global niche markets, with long
term growth fundamentals and resilient margins.

 

Judges Scientific maintains a policy of selectively acquiring businesses that
generate sustainable profits and cash.  Shareholder returns are created
through the reduction of debt, organic growth, and dividends.

 

For further information, please visit www.judges.uk.com
(https://url.avanan.click/v2/r02/___http:/www.judges.uk.com/___.YXAxZTpzaG9yZWNhcDphOm86MTNmZDUyOGM3ZDBlODkzMGI2OThkM2QzYTM0ZDc1ZDI6Nzo5ZWMzOjJhZWRjNjE2OWQ5NmJmZjNiYjMzMTIyYTNmMDIxODEyZDNmZTgyMDUxMDc5OTEwYmZkZDBlMTRlZWZmNTAwOTg6cDpUOk4)

 

 

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