The purchase consideration of $42 million (approximately £28 million), on a debt and cash-free basis, will be met from existing cash and bank facilities and is subject to routine balance sheet adjustments.

ReliaSoft is a leading provider of reliability engineering software, education, consulting and related services to product manufacturers and maintenance organisations around the world. It provides innovative, high quality and technologically advanced solutions to its clients, enabling them to improve product reliability, enhance productivity and improve their return on investment. ReliaSoft will be integrated with HBM nCode within Spectris’ Test and Measurement segment. HBM nCode is an engineering software business which is a global leader in providing technology and software solutions for durability and performance analyses, and the combination of ReliaSoft and HBM nCode will enable the business to strengthen and extend its offer across the large Quality, Reliability and Durability (QRD) software market. For more information on ReliaSoft visit www.reliasoft.com.