Judges Scientific plc (AIM:JDG) acquired Rockwash Geodata Ltd £8.25 million on June 28, 2024. The initial consideration for Rockwash is £2.25 million in cash plus an earn-out payment due in 2025 (and/or 2026) equal to six times the adjusted EBIT for the years ended 31 December 2024 (or 2025 if higher) minus £2.25 million. The total consideration, cash plus earn-out, is capped at £6 million, which would be achieved if adjusted EBIT for either period equals or exceeds £1m. The initial consideration for the Acquisition and associated transaction costs have been funded from the Group's bank facilities.

Judges Scientific plc (AIM:JDG) completed the acquisition of Rockwash Geodata Ltd on June 28, 2024.