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Advent's statements on the takeover hint at the value they think there is in Spectris, which hasn't been reflected in its share price.
It notes that Spectris respositioned back in 2018 and in the process became a 'more focused and higher quality business.' Since then, shares in Spectris have only risen by around 20%, including the jump seen this year.
Advent also has a track record of buying up UK industrial firms. It snapped up electronics firm Laird in 2018, aerospace company Cobham in 2020 and defence contractor Ultra Electronics in 2022.
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