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3M GAS AND FLAME DETECTION

Acquired by

TELEDYNE TECHNOLOGIES INCORPORATED

FRANCE Industrial Equipment EV [100m USD - 500m USD] 08/2019

Target

3M GAS AND FLAME DETECTION

Acquirer

TELEDYNE TECHNOLOGIES INCORPORATED

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.

This transaction is part of the Industry & Manufacturing industry, which currently tracks an average EBITDA multiple of 8.7x since the beginning of 2026, a 5.7% decrease compared to 2025. This data is based on the contribution of our growing community, composed of M&A and private equity professionals.

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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.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2019
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Other operations with 3M GAS AND FLAME DETECTION

mynth data is contributed by M&A / PE professionals and systematicaly cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.