Deals
Spectris Explores Sale of Omega Engineering Unit
- U.K. company is working with adviser on potential asset sale
- Spectris turned around U.S. unit it bought for $475 million
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Spectris Plc, a U.K. maker of precision and testing equipment, is exploring the sale of its Omega Engineering unit, according to people familiar with the matter.
The British company is working with an adviser on the sale of the U.S. process measurement and control instrumentation business, which it considers non-core, said the people. First-round bids for Omega are due in the coming weeks, they said, asking not to be identified because the discussions are private.