Oxford Metrics is set to acquire the measurement specialist firm, Sempre Group Holdings, for £5.5m.

The consideration for the firm, which works to solve manufacturing challenges across multiple industries, is made up of a £5m cash consideration from existing Oxford Metrics resources and a further injection of up to £500,000, which will be provided upon Sempre meeting business performance targets.

Chief executive officer at Oxford Metrics, Imogen O’Connor, said: "Oxford Metrics first established a foothold in the smart manufacturing market with our industrial vision systems (IVS) acquisition and we said we would build out our presence via a targeted M&A programme.

"Today's acquisition of Sempre strengthens our smart manufacturing division, it has synergies with IVS and also brings us a deep pool of industry knowledge, an established sales and services organisation plus access to new customers, partners and products, taking us into new markets. To continue growing our smart manufacturing division our investment strategy needs to be in both people and products with clear commercial and technical synergies."

Sempre was founded in 2000 and is based in Gloucester. It provides metrology solutions to improves its clients’ productivity and efficiencies in the area of quality and inspection.

In the year to 31 December 2023, Sempre reported unaudited revenues of £6.5m, and a profit of £700,000, as well as boasting net assets of £1.7m.

Founder at Sempre, Mike John, added: "As part of Oxford Metrics, Sempre will have access, advice and the resources to scale and expand to new markets and geographies. One of our key criteria for exiting the business was ensuring we found the right home to take Sempre to the next level. Oxford Metrics is exactly that, it shares our company culture and values and has a track record of supporting and growing growth businesses."

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