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GATAN

Acquired by

AMETEK

UNITED STATES Industrial Equipment EV [500m USD - 1b USD] 10/2019

Target

GATAN

Acquirer

AMETEK

Context

The acquisition of Gatan marks a definitive technical reinforcement of the group’s presence in the global analytical instrumentation market. The strategic rationale for this transaction centers on a "portfolio-integration" play, merging the target's industry-leading electron microscopy technologies with the group’s extensive Electronic Instruments Group (EIG) infrastructure. This fusion effectively creates a specialized powerhouse in the high-end research sector, providing the organization with the proprietary cameras, energy filters, and software required to support the world’s most sophisticated laboratory workflows.

GATAN, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN premium to the 10.5x average currently observed in the Industry & Manufacturing sector.

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

Gatan operates as a premier technology organization dedicated to the engineering and manufacturing of high-precision instrumentation and software for electron microscopy. The entity’s business model is centered on a proprietary framework of hardware and software solutions that enhance the performance of all major brands of electron microscopes. Its value proposition is anchored in technical operational depth, providing advanced tools for specimen preparation, manipulation, and direct-detection imaging that allow researchers to resolve structural biology and materials science challenges at the atomic level. Strategically, the firm focuses on the mission-critical needs of industrial, governmental, and academic laboratories, ensuring that scientists have access to the most high-fidelity data acquisition systems available. By maintaining a specialized focus on the entire microscopy workflow, the organization facilitates the structural advancement of metallurgy, semiconductor diagnostics, and biotechnology research. The entity prioritizes technical innovation and industrialized reliability to enable revolutionary insights into the microscopic world.

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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EBITDA
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2018
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2017
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Other operations with GATAN

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