Engineering company 600 Group said it had acquired US-based Control Micro Systems, a solutions provider for integrated laser applications, for $10m.
The consideration included $9m in cash and $1m in 600 Group shares.
'The use of industrial lasers continues to expand worldwide providing a large and growing market opportunity with laser systems fast becoming a mainstream and integral manufacturing process,' the company said.
'The acquisition of CMS is highly complementary to the group's existing laser business, enhancing its customer offering by providing ever more sophisticated, value-add and custom solutions.'
At 9:57am: (LON:SIXH) 600 Group The PLC share price was +0.65p at 18.65p