Judges Scientific takes full ownership of Geotek do Brasil.

Judges Scientific announced on Wednesday that it has taken full ownership of its Brazilian subsidiary, Geotek do Brasil, after acquiring the remaining 18% minority stake for an initial consideration of BRL 13m (£1.9m).

Judges Scientific
03 December 2025 13:02:05

Source: Sharecast

The AIM-traded firm said the deal, which included excess cash and a potential earn-out of up to £0.7m, consolidated control of the group’s core digitalisation operations in the region.

It said the initial payment would be made in 60 monthly instalments of BRL 324,000, including interest.

An earn-out may become payable if Geotek do Brasil’s average adjusted EBIT across 2025 and 2026 exceeded BRL16.1m, which represents the subsidiary’s adjusted EBIT for the 12 months to 28 February.

Under the agreement, 18% of 4.5 times any such excess would be due, subject to the £0.7m cap.

Judges Scientific, which specialises in acquiring and developing businesses in the scientific instrumentation sector, said the transaction would be immediately accretive to earnings.

At 1241 GMT, shares in Judges Scientific were up 1.34% at 5.675p.

Reporting by Josh White for Sharecast.com.

N/A

ISIN: N/A

Exchange: N/A

Sell:

N/A

Buy:

N/A

Change:

Date:

Prices delayed by at least 15 minutes

Compare our accounts

If you're looking to grow your money over the longer term (5+ years), we have a range of investment choices to help.

View our accounts

Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.