Astorg takes majority stake in Metrologic Group
Context
Astorg Partners has entered into a definitive agreement to acquire a majority stake in Metrologic Group from Carlyle Europe Technology Partners, marking a successful secondary buyout transaction. The founder and existing management team are significant participants in this transaction, reinvesting alongside Astorg to ensure continuity of leadership and strategic direction. The rationale behind this investment centers on accelerating the next phase of growth, specifically targeting a leadership position in the emerging field of inline, robot-driven 3D measurements. By transitioning ownership to a sponsor with a proven track record in B2B software and specialized industrial niches, the company aims to strengthen its global market position. The strategy involves continuing the company’s history of systematic innovation and leveraging deep technical expertise to meet the evolving demands of customers in the automotive, aerospace, and energy sectors. This move reinforces the target's status as a top-tier global player, ensuring it has the capital and operational support to scale its specialized product portfolio worldwide.
It is worth noting that the fund The Carlyle Group took control of Metrologic Group through an LBO in 2011.
Metrologic Group, which reported an EBITDA margin of [members only] in 2014, is valued in this transaction at an EV/EBITDA multiple of 10x–18x, to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x in 2026).
-> Deep-dive in TMT (Tech, Media, Telecom) market trends
Target
Metrologic Group is a global leader in the development of agnostic 3D inspection software and advanced electronics dedicated to dimensional control and metrology. Based in Meylan, France, the company specializes in providing high-precision solutions that interface with virtually all measuring machines available on the market. Its product portfolio encompasses a wide array of applications, including automation and robotics control, alongside specialized services for calibration and 3D measurement, serving critical sectors such as automotive, aerospace, energy, and medical. The company is distinguished by its market-leading position in the "agnostic" software space, meaning its solutions are compatible with a diverse range of hardware from various manufacturers. This unique positioning provides a significant competitive advantage in an industry often characterized by proprietary, closed-loop systems. Metrologic Group operates a highly efficient business model focused on software licensing and technical services
Ent. Value
€100–350M
Equity Value
[members only]
Multiples
EV / Revenue
4x–10x
EV / EBITDA
10x–18x
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with Metrologic Group
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2018 | SANDVIK | METROLOGIC GROUP | FRANCE | Supply Chain & Ops |
| 04/2011 | THE CARLYLE GROUP | METROLOGIC GROUP | FRANCE | Supply Chain & Ops |
Other operations with Astorg
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2026 | ASTORG | THERMO FISHER MICROBIOLOGY | UNITED STATES | Diagnostic Equipment |
| 03/2026 | ASTORG | BARKENE | FRANCE | Security & Guarding |
| 04/2025 | ASTORG | SOLABIA | FRANCE | Specialty Chemicals |
| 11/2024 | ASTORG | REDSLIM | SWITZERLAND | Data & AI Consulting |
| 10/2024 | ASTORG | LEBRONZE ALLOYS | FRANCE | Metallurgy / Foundry |
| 07/2024 | ASTORG | NORMEC | NETHERLANDS | TIC (Testing, Inspection, Certification) |
| 07/2024 | ASTORG | NEXPRING HEALTH EX HAMILTON THORNE | UNITED STATES | Medical Devices |
| 03/2024 | ASTORG | STELIAU TECHNOLOGY | FRANCE | Electrical Equipment |
| 06/2022 | ASTORG / GENERAL ATLANTIC | ECOVADIS | FRANCE | Industry-Specific Software |
| 06/2022 | ASTORG | OPEN HEALTH | UNITED STATES | Healthcare Services |
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REFERENCES
Valuation range: EV €100–350M
Revenue range: €25–50M
EBITDA range: €5–25M
EV/Revenue range: 4x - 10x
EV/EBITDA range: 10x - 18x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Metrologic Group by Astorg are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: metrologic group
Acquirer: astorg
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