Judges Scientific PLC: Geotek Ltd
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Judges Scientific is a UK-based holding company that owns a portfolio of niche scientific instrumentation manufacturers. We've followed the business closely for 6+ years.
- It is owner operated , ~10% inside ownership
- Over the past 15 years, revenue has compounded at ~20% CAGR, EBIT at ~26% (of which ~9% CAGR was organic), and FCF per share at ~17% CAGR
- The business exhibits several qualities we value: dominant positions in niche markets, low capital requirements, high ROIC, and a disciplined M&A strategy acquiring businesses at ~6x EBIT
For a comprehensive review of our historical work on Judges Scientific, see our IP Company Profile. More context on our work on industrial holding companies can be found here: Industrial Holdcos: Danaher, Lifco, Perimeter, Diploma, Halma, B&B, Lagercrantz, Addtech, Judges
Geotek
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