DIVERSIFIED TECHNICAL SYSTEMS acquired by VISHAY PRECISION GROUP

Quilvest Capital Partners acquired a majority stake in Solem from MBO & Co and Altur Investissement. This "LBO ter" allowed the CEO to increase his stake in the company and secure a long-term partner for the next growth phase. The strategic rationale focuses on expanding the product lines across the three core verticals and increasing recurring service revenue through software integration. The transaction was supported by a bank leverage of less than 4x EBITDA, providing the group with significant "dry powder" for targeted external growth (M&A)

MKS Instruments has finalized the acquisition of Photon Control, a strategic move that fundamentally bolsters the group's "Surround the Chamber®" industrial strategy. The strategic rationale for this transaction centers on the integration of the target's high-precision optical temperature sensors into the group's broader process control portfolio. This fusion effectively creates a more comprehensive technology stack for key semiconductor customers, specifically addressing the critical needs of etch and deposition applications where traditional electronic sensing is insufficient

Sensata Technologies has announced the acquisition of Xirgo Technologies from private equity firm HKW and other shareholders for $400 million. At the time of the acquisition, Xirgo was expected to generate over $100 million in annual revenue, with growth prospects exceeding 20% per annum in the following years, making it a highly attractive target in the connected solutions market for transportation and logistics. This acquisition is part of Sensata's growth strategy to bolster its "Smart & Connected" initiative, aimed at transforming the company from a traditional sensor supplier to a provider of high-value-added digital data, analytics, and services

Amphenol Corporation has finalized the acquisition of MTS Systems Corporation, an operation designed to fundamentally expand the group's sensor portfolio across high-growth end markets. The strategic rationale for this transaction centers on a "portfolio-purification" play, merging the target's technical operational depth in magnetostrictive sensing with the group's existing breadth in interconnect and antenna solutions. This fusion effectively creates a specialized powerhouse in the industrial sensing market, providing the group with the necessary hardware to "Surround the System" in advanced automation environments

Teledyne Technologies has finalized the acquisition of FLIR Systems, a transformative maneuver that fundamentally reshapes the global sensory technology landscape. The strategic rationale for this transaction centers on a "wavelength-complementarity" play, merging the group's leadership in high-performance visible, X-ray, and ultraviolet sensing with the target's undisputed dominance in the infrared and thermal spectrums. This fusion effectively creates a unified end-to-end portfolio for all key domains and applications, ranging from deep-space astronomy to terrestrial defense and industrial automation

Luna Innovations Incorporated has completed the transformative acquisition of OptaSense Holdings, Ltd. from QinetiQ. OptaSense will operate as a fully owned subsidiary while maintaining its existing brand identity. The strategic rationale for the combination is to create a global powerhouse in the distributed fiber sensing market by merging OptaSense’s market,leading distributed acoustic sensing (DAS) technology with Luna’s existing suite of optical products. The integration is expected to be accretive to non,GAAP earnings in 2021

TE Connectivity Ltd. has completed the public takeover of First Sensor AG, acquiring a 71.87% majority stake from DPE Deutsche Private Equity, funds managed by Teslin Capital Management, and other shareholders. The transaction followed a voluntary public tender offer at a cash consideration of €28.25 per share. The strategic rationale for the acquisition is to combine First Sensor's expertise in photonics, pressure sensors, and microelectronic packaging with TE’s global connectivity and sensing portfolio

Glory acquired 80% of Acrelec's capital for an investment of approximately EUR200 million (on a cash-free, debt-free basis). The deal provides a full exit for the financial investors (Credit Agricole's entities: Idia, Socadif, Brie Picardie Expansion) who had entered in 2016 to fund the acquisition of US-based Hyperactive Technologies. The founders sold a large portion of their shares but reinvested to retain a 20% minority stake and continue leading the company.

The merger between Nanometrics and Rudolph Technologies has established Onto Innovation Inc., a strategic maneuver designed to fundamentally expand the combined group’s footprint across the global semiconductor value chain. The strategic rationale for this transaction centers on a "complementary-platform" play, merging the first entity's technical operational depth in front-end optical metrology with the second entity's established leadership in back-end defect inspection and advanced packaging lithography

discoverIE Group plc has acquired 100% of Xi-Tech Limited and its subsidiary Sens-Tech Limited. The deal includes a further contingent cash consideration of up to 12.0 million GBP, payable over a three-year period subject to specific profit growth targets. To support the transaction and maintain its balance sheet strength, discoverIE launched a proposed placing of new ordinary shares to raise gross proceeds of approximately 33 million GBP. The strategic rationale for the acquisition is to enhance the Group's underlying operating margins and expand its international footprint, particularly in North America and Asia