FORMULA ONE testing firm AB Dynamics has received a thumbs up from analysts after announcing a £24m deal to acquire a US company.

The firm, which manufacturers robots and simulators for Alfa Romeo's F1 team, said it had completed a deal for Venshure Test Services (VTS), a Michigan-based provider of testing services.

It expects the acquisition will be earnings enhancing this year, with revenue and adjusted operating profit for the five month period forecast to reach £1.4m and £0.5m respectively.

Dr James Routh, chief executive officer, said: "The acquisition expands both our capability and geographic coverage in the important and growing field of EV battery and powertrain performance evaluation."

Acquisitions have been a key pillar of the firm's strategy and it said in January the "long-term pipeline" remained positive. The group snapped up Norwichbased Ansible Motion, a driving simulator company, for £14.4m in September 2022.

VTS is a leading provider of so-called dynamometer-based testing services.

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