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10/2023

EA ELEKTRO-AUTOMATIK acquired by FORTIVE CORPORATION

GERMANY Industrial Equipment / Special Machinery / Instrumentation & Measurement EV 1b - 4b EUR

Context

The acquisition of EA Elektro-Automatik by Fortive represents a definitive tactical expansion of the group's presence within the high-power electronic testing market. This transaction facilitates the integration of EA Elektro-Automatik’s programmable power solutions into Fortive’s Precision Technologies segment, specifically complementing the existing Tektronix franchise. The strategic rationale centers on the industrial synergy between EA Elektro-Automatik’s high-power hardware and Fortive’s global distribution scale and software-led workflow solutions. By integrating EA Elektro-Automatik, Fortive gains a market-leading position in the multi-decade growth sectors of energy storage, hydrogen fuel cells, and electric vehicle mobility. The partnership is designed to leverage the Fortive Business System to optimize EA Elektro-Automatik’s production efficiency and accelerate its international reach into North American and Asian markets. This integration facilitates the creation of a more robust technological platform, providing the strategic depth required to navigate the maturing landscape of the global energy transition. The move solidifies Fortive’s standing as a primary enabler of the electrification and decarbonization of the global economy.

EA ELEKTRO-AUTOMATIK, which reported an EBITDA margin of LOGIN in 2024, 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 (11.4x).

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

EA Elektro-Automatik is a premier technology organization dedicated to the engineering and manufacturing of programmable power supplies, bidirectional power units, and electronic loads. The entity’s business model focuses on the high-power segment of the test and measurement market, providing mission-critical equipment used to simulate battery behavior and power grid dynamics. Its value proposition is anchored in technical operational depth, offering high-efficiency solutions that facilitate the testing of complex electronic components across the hydrogen, renewable energy, and e-mobility sectors. Strategically, the firm focuses on the "electrification of everything," positioning itself as a vital hardware partner for R&D labs and industrial production sites globally. By maintaining a specialized focus on energy storage and mobility applications, the organization ensures a mission-critical role in the structural transition toward carbon neutrality. The entity prioritizes technical innovation and industrialized reliability to facilitate the scaling of sustainable energy technologies.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 1b - 4b EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EA ELEKTRO-AUTOMATIK by FORTIVE CORPORATION 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).