Engineering Seismology Group (“ESG”) was acquired by Spectris plc (“Spectris”) on December 10, 2014. Duff & Phelps served as co-advisor to ESG along with BMO Mid-Market M&A and provided M&A advisory services in connection with a sale to Spectris. ESG will operate as a separate entity within Spectris’ Test and Measurement Segment.
About Engineering Seismology Group
ESG is a leading provider of microseismic monitoring equipment and analysis solutions to the oil and gas, mining and geotechnical industries worldwide. Within the oil and gas sector, ESG’s hydraulic fracture monitoring services enable customers to most efficiently allocate capital to optimize reservoirs. Within the mining and geotechnical sectors, ESG provides real-time information to increase employee safety, reduce downtime and evaluate structural integrity of projects. ESG was founded in 1993, is headquartered in Kingston, Ontario, Canada and has offices in Houston, Texas; Beijing, China; and Calgary, Alberta, Canada.
About Spectris plc
Listed on the London Stock Exchange, Spectris plc is a leading supplier of productivity-enhancing instrumentation and controls. Spectris’ products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Spectris operates worldwide across four business segments: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Spectris was founded in 1915, is headquartered in Egham, Surrey, United Kingdom and employs over 8,000 people in more than 30 countries.
“ESG is a good strategic addition to Spectris’ Test and Measurement segment as it is a leader in a niche high-growth, productivity-enhancing technology. We believe there is a significant opportunity for ESG to strengthen its market position, expand internationally and accelerate its growth, both organically and via further acquisitions,” said Eoghan O’Lionaird, Business Group Director of Spectris’ Materials Analysis and Test & Measurement segments.
