BIOTEK INSTRUMENTS acquired by AGILENT TECHNOLOGIES
Context
Agilent has finalized the acquisition of BioTek Instruments in an all-cash transaction, a maneuver designed to fundamentally expand its capabilities in the critical cell analysis technology sector. The strategic rationale for this transaction centers on a "workflow-simplification" play, merging the target's industry-leading expertise in microplate detection and imaging with the group’s established presence in live-cell, real-time analysis. This structural alignment provides the organization with the scientific talent and technological hardware required to address the increasing complexity of immunotherapy and biologics research. This operation allows the group to execute a definitive structural expansion of its biopharma and academic service offerings.
BIOTEK INSTRUMENTS, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.6x).
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.
-> Deep-dive in Industry & Manufacturing market trends
Target
BioTek Instruments is a USA company specialized in Life Science Instrumentation. They are recognized as a leader in the design and manufacture of innovative microplate instrumentation and software that allow scientists to visualize and quantify cellular interactions. Instead of offering generic lab tools, they thrive on a philosophy of technical precision, providing high-performance imaging and multi-mode detection systems that are critical for drug discovery and immunotherapy research. What makes them a go-to partner is their knack for integrating complex imaging software with automated hardware, helping academic and biopharma researchers obtain deep insights into complex cellular environments.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (USD)
Similar deals in Industry & Manufacturing
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 09/2019 | VOITH GROUP | BTG | SWITZERLAND | Industrial Equipment | The acquisition of BTG marks a significant expansion of technical capabilities within the specialized pulp and paper industry, creating a more comprehensive portfolio for global customers. This strategic operation follows a definitive agreement to integrate specialized sensor and automation technologies into a larger industrial technology group. The merger aims to enhance the delivery of high-value solutions that optimize production efficiency and paper quality on a global scale. By combining deep research and development expertise with extensive full-line industrial manufacturing capabilities, the new partnership is well-positioned to drive innovation in process automation |
| 09/2019 | CAPITAL EXPORT | REPACK-S | FRANCE | Industrial Equipment | This management buy-out transaction represents a significant milestone in the evolution of the company's shareholder structure, with the exit of Targa Capital's family office and a group of private investors who had supported the company since its initial management buy-in in 2011 and subsequent restructuring in 2016. Under the president's leadership, the company has achieved an adjusted ebitda margin above 25%, while exports now account for nearly 30% of sales, following an international expansion strategy |
| 08/2019 | TELEDYNE TECHNOLOGIES INCORPORATED | 3M GAS AND FLAME DETECTION | FRANCE | Industrial Equipment | 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 |
| 02/2019 | DANAHER | GE LIFE SCIENCES | UNITED STATES | Industrial Equipment | Danaher has finalized an agreement to acquire GE Biopharma in a transformational all-cash transaction, an operation designed to fundamentally redefine the landscape of the global bioprocessing market. The strategic rationale for this transaction centers on a "Bioprocessing-Powerhouse" play, merging the target's industry-leading technical operational depth in chromatography and cell culture with the group’s established life sciences platform and the power of the Danaher Business System. This structural alignment provides the organization with the scientific talent and technological hardware—specifically across upstream and downstream workflows—required to address the surging global demand for biologic drug development |
| 01/2019 | ARDIAN | CELLI GROUP | ITALY | Industrial Equipment | Ardian acquired 100% of Celli from Consilium (70%) and the founding family (30%). The management team reinvested alongside Ardian to hold a minority stake. The deal ended a successful six-year holding by Consilium, during which Celli completed four acquisitions (ADS2, Cosmetal, Angram, FJE Plastic). Ardian's entry is designed to accelerate international expansion and further leverage Celli's digital IT platform for remote dispenser management. |
| 09/2018 | GROUPE ATLANTIC | ACV | BELGIUM | Industrial Equipment | Groupe Atlantic has finalized the 100% corporate acquisition of Belgian thermal comfort specialist ACV, marking a significant cross-border consolidation play within the European HVAC sector. Founded fifty years ago by Pierre Lamoure and Paul Radat, ACV is widely renowned for its high-performance sanitary water heating and space heating solutions tailored for both residential and commercial applications. The transaction perimeter strategically incorporates ACV’s North American operational subsidiary based in New Jersey, where the company successfully commercializes its product pipeline under the Triangle Tube brand |
| 07/2018 | MAREL | MAJA | GERMANY | Industrial Equipment | The transaction represents the 100% ownership transition of MAJA into Marel’s corporate architecture, finalizing a strategic succession process for the historical family owners who have managed the asset since its inception in 1955. This transaction executes a clear capital deployment logic by incorporating MAJA’s specialized skinning and portioning hardware into Marel’s broader multi-protein portfolio, effectively filling an upstream technical gap and establishing a comprehensive full-line offering for the global meat industry |
| 07/2018 | TSINGHUA UNIGROUP | LINXENS | FRANCE | Industrial Equipment | Tsinghua Unigroup has agreed to acquire Linxens, a French supplier of micro‑connectors for smart‑card and payment‑card applications. The transaction, announced in July 2018, follows a month‑long negotiation period and is subject to clearance by French, German and European competition authorities. Linxens, previously owned by private‑equity firm CVC since 2015, operates production facilities in France and Asia and serves a global customer base across telecom, finance, transport and health sectors |
| 07/2018 | ARDIAN | COROB | ITALY | Industrial Equipment | Ardian has successfully finalized an agreement with Wise SGR to acquire a majority stake in Corob S.p.A., marking a strategic entry into the specialized automation sector. This transaction is structured as a partnership, with both the existing financial sponsor (Wise SGR) and the senior management team, led by the President and CEO, reinvesting alongside the new majority owner. The strategic rationale for the acquisition centers on consolidating the firm’s global repositioning and maintaining its technology leadership in the highly specialized dosing and dispensing market |
| 07/2018 | WEIR GROUP | ESCO CORPORATION | UNITED STATES | Industrial Equipment | The acquisition of ESCO Corporation by The Weir Group represents a transformative consolidation in the global mining equipment sector, creating a leading provider of mission-critical surface mining solutions. Structurally, the transaction brings together the acquirer’s established expertise in materials processing and minerals equipment with the target’s leadership in ground engaging tools. The strategic rationale for the deal is grounded in the complementarity of the two portfolios, which allows the combined entity to offer a unique, integrated proposition for mining customers, spanning the entire lifecycle from extraction to mineral concentration |
REFERENCES
Valuation range: EV 1b - 4b USD
EBITDA range: 50M - 100M USD
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BIOTEK INSTRUMENTS by AGILENT TECHNOLOGIES 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: agilent technologies