Scientific Digital Imaging PLC (AIM:SDI) acquired Applied Thermal Control Limited (ATC) for £1.2 million on August 24, 2017. As reported, ATC will be acquired for an initial consideration of £0.69 million, with the total consideration (including earn-out) capped at £1.2 million, plus an additional cash payment for net assets at completion. The initial consideration is made up of £0.49 million in cash, plus 0.77 million new ordinary shares issued in the capital of Scientific Digital Imaging equating to £0.2 million at completion. This will be followed by deferred consideration of 4x earnings before interest and taxation on finalisation of ATC's audited accounts for the year ended December 31, 2017. Scientific Digital Imaging has funded the initial cash consideration from existing cash resources together with a £0.45 million loan from NatWest Bank. For the year ended December 31, 2016, ATC reported revenue of £1.2 million, gross profit of £0.76 million and profit before tax of £0.13 million. ATC’s Chief Executive Officer, Robert Poniatowski, will remain in place on completion of the acquisition. Ed Frisby and Kate Bannatyne (Corporate Finance) and Mia Gardner and Camille Gochez (Corporate Broking) of FinnCap Ltd. acted as financial advisors while Julia Wilson of JW Communications acted as PR advisor to Scientific Digital Imaging. Scientific Digital Imaging PLC (AIM:SDI) completed the acquisition of Applied Thermal Control Limited (ATC) on August 24, 2017.