• Expands Atomos' product ecosystem to capture greater share of end-to-end video production spend
• Acquisition to be funded from recently announced CBA Finance Facility
• FSI has averaged Revenue of $11m and EBITDA of $0.45m over last 5 years

Atomos Limited (ASX:AMS) has signed a binding Share Purchase Agreement to acquire Flanders Scientific, Inc. (FSI), a long-standing and trusted global brand providing a suite of highly calibrated professional reference monitors. The upfront consideration is $2.35 million in cash and 5,602,592 shares in Atomos, with a performance earn-out (mix of cash and shares) subject to milestones being achieved. In CY25, FSI generated Revenue of $12.7 million and EBITDA of $0.57 million. If all milestones are achieved, the earnings multiple of the acquisition is 5.4x and post-synergies 3x. The acquisition will be funded from Atomos' new $10 million Finance Facility from CBA, and on completion, FSI will have no debt. The acquisition accelerates Atomos' expansion into the reference monitor market and broadens the combined product set to support workflows from on-camera, through to delivery. FSI combines world-class expertise in colour science and reference display technology with Atomos' global reach, product innovation, balance sheet flexibility, and connected ecosystem. The acquisition enables Atomos to accelerate sales via better inventory management and an ability to deliver a more complete and integrated monitoring solution for filmmakers, broadcasters, and content creators worldwide.

In CY25, FSI generated Revenue of $12.7 million and EBITDA of $0.57 million. If all milestones are achieved, the earnings multiple of the acquisition is 5.4x and post-synergies 3x.