METROLOGIC GROUP acquired by ASTORG
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 in 2014, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).
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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
Equity Value
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EV / Revenue
EV / EBITDA
EV / EBIT
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 |
REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 25M - 50M EUR
EBITDA range: 5M - 25M EUR
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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