UK company, Eurotherm Plc is to pay $12.5m cash for the Clinton, Massachusetts-based engineering firm LFE Industrial Systems Corp of Mark IV Industries Inc. LFE forecasts profits of $1.8m for the year to last month on revenue of $10m. Net assets stood at $1.2m. It designs, makes and sells thickness gauges for industrial process industries.
UK company, Eurotherm Plc is to pay $12.5m cash for the Clinton, Massachusetts-based engineering firm LFE Industrial Systems Corp of Mark IV Industries Inc. LFE forecasts profits of $1.8m for the year to last month on revenue of $10m. Net assets stood at $1.2m. It designs, makes and sells thickness gauges for industrial process industries.
