Scientific Digital Imaging plc (AIM:SDI) acquired Thermal Exchange Limited for £0.85 million on February 1, 2019. Total consideration (excluding an additional cash payment for net assets at completion, expected to be less than £0.3 million) is £0.85 million. SDI has funded the cash consideration from existing cash resources. For the year ended September 30, 2018, Thermal Exchange achieved revenue of £1.40 million and profit before tax of £0.21 million. The transaction is expected to be earnings enhancing in its first full year of ownership. Ed Frisby, Kate Bannatyne, Andrew Burdis and Sunila de Silva of FinnCap Ltd. acted as financial advisors to Scientific Digital Imaging. Lisa Botterill of Shakespeare Martineau LLP acted as legal advisor and Mayfield & Co. acted as accountant for Thermal Exchange. Scientific Digital Imaging plc (AIM:SDI) completed the acquisition of Thermal Exchange Limited on February 1, 2019.