(Metris: Leuven, Belgium) -- Metris has recently announced that it has signed a share purchase agreement with the shareholders of X-Tek Group for the purchase of 100 percent of the X-Tek stock. The X-Tek purchase fits in the Metris acquisition strategy to strengthen its product portfolio with upcoming technologies and to expand its market share.

The purchase agreement is subject to due diligence and certain closing conditions and provides for a maximum closing consideration of £10 million in cash and a maximum contingent consideration of £2 million that is dependent on future achievement of specific R&D targets. During 12 months ending June 2007, X-Tek realized revenues totaling £7 million.

Founded in 1986, X-Tek is a British manufacturer of X-ray and computer tomography (CT) inspection systems with headquarters in Herts, United Kingdom. X-Tek employs approximately 75 people, and has an installed base of over 1,300 systems in a wide range of industries, including electronics, automotive, and aerospace.

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