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08/2019

3M GAS AND FLAME DETECTION acquired by TELEDYNE TECHNOLOGIES INCORPORATED

FRANCE Industrial Equipment / Special Machinery / Instrumentation & Measurement EV 100M - 350M USD

Context

Teledyne Technologies Incorporated has successfully completed the acquisition of the gas and flame detection business of 3M. The transaction represents a significant corporate carve,out from 3M’s Safety and Industrial Division. The acquisition includes several global brands such as Oldham, Simtronics, GMI, and Detcon, as well as select products from the Scott Safety line (though 3M retains the Scott Safety brand name itself). Approximately 500 employees joined Teledyne as part of the transition. The strategic rationale for the deal is the high degree of technological and market overlap with Teledyne’s existing environmental instrumentation businesses. While the products are complementary rather than directly competitive, the integration allows Teledyne to offer a broader suite of safety and measurement tools to its global customer base. The acquisition was completed within two months of the initial announcement, highlighting Teledyne's capability in executing complex carve,outs. Management expects the business to be a long,term core component of the group and accretive to GAAP earnings per share.

3M GAS AND FLAME DETECTION, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

The Gas and Flame Detection business, formerly a part of 3M’s Safety and Industrial Division, is a leading global manufacturer of fixed and portable industrial instrumentation. The organization provides a comprehensive portfolio of test and measurement solutions designed to enhance workplace and site safety across hazardous environments. Its product range includes rugged trace gas analyzers, intrinsically,safe sensors, and customized flame detection systems that satisfy multiple international certification standards. The business operates under a house of storied brands, including Oldham, Simtronics, Gas Measurement Instruments (GMI), and Detcon, bringing together over 100 years of industry experience. These solutions are mission,critical for diverse sectors such as petrochemicals, power generation, oil and gas, food and beverage, mining, and wastewater treatment, where the cost of failure is high. The group is well,positioned to capitalize on Industry 4.0 trends through connected devices and proprietary sensor technology for improved safety monitoring.

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Historical Financials (USD)

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REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 100M - 200M USD

EBITDA range: 10M - 30M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of 3M GAS AND FLAME DETECTION by TELEDYNE TECHNOLOGIES INCORPORATED are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: teledyne technologies incorporated