The Industrial Solutions division is made up of a number of high-quality operating companies. Work has been undertaken to determine which of these businesses will remain key to the Group and those where Spectris will not be the best future owner. Operating companies with strong market positions, good growth prospects and margins will receive targeted investment where we are confident that such investment will yield a strong return. Potentially, these businesses may become platforms in their own right. They will be managed to deliver at least market growth with leading margins within their segments. The remaining businesses will be managed to optimise their performance under the Group’s ownership and for value. These businesses may be divested over time and the proceeds either re-invested in the development of the Group’s platform operations or, if attractive re-investment opportunities are not identified, returned to shareholders.