(Reuters) - British electrical engineering firm Spectris (LON:SXS) said on Tuesday it will sell specialist sensor maker Omega Engineering to private equity firm Arcline Investment Management for $525 million.
Spectris, which last month ended its $2.4 bln pursuit of Oxford Instruments (LON:OXIG) against the backdrop of the Ukraine crisis, also announced a 300-million-pound ($389.91 million) stock buyback.
($1 = 0.7694 pounds)