At what enterprise value was MICROMERITICS INSTRUMENT CORPORATION acquired in 2024?

You can find the full valuation details of MICROMERITICS INSTRUMENT CORPORATION on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MICROMERITICS INSTRUMENT CORPORATION when it was acquired by SPECTRIS?

The estimated EV/EBITDA multiple for MICROMERITICS INSTRUMENT CORPORATION is in the range of 15x - 25x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

What was the EBITDA of MICROMERITICS INSTRUMENT CORPORATION during the acquisition?

MICROMERITICS INSTRUMENT CORPORATION's EBITDA is estimated to be in the range of 25M - 50M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MICROMERITICS INSTRUMENT CORPORATION acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MICROMERITICS INSTRUMENT CORPORATION deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.spectris.com/our-group/newsroom/acquisition-of-micromeritics-instrument-corporation/

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Home Database Industry & ManufacturingMICROMERITICS INSTRUMENT CORPORATION

07/2024

MICROMERITICS INSTRUMENT CORPORATION acquired by SPECTRIS

UNITED STATES Industrial Equipment / Special Machinery / Lab & Scientific Equipment EV 500M - 1.5b USD

Context

Spectris plc has agreed to acquire 100% of Micromeritics Instrument Corporation. The acquisition, which constitutes a Class 2 transaction under UK Listing Rules, will be funded through existing cash and new external debt. Upon completion, Micromeritics will be integrated with Malvern Panalytical within the Spectris Scientific division. The strategic rationale is to create the global market leader in particle characterisation for advanced materials analysis. By combining Micromeritics’ expertise in surface area and porosity with Malvern Panalytical’s capabilities in size and distribution, Spectris will offer a fully integrated workflow from R&D to QC/QA. The transaction is highly synergistic, with expected run-rate cost synergies of $12 million and significant revenue upside through cross-selling and geographic expansion, particularly in North America and Japan. The deal is expected to be immediately accretive to earnings and margins, supporting Spectris' medium-term objective of 20%+ operating margins.

By taking control of Micromeritics Instrument Corporation, Spectris continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Dytran Instruments in 2022.

MICROMERITICS INSTRUMENT CORPORATION, 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 (11.2x).

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

Micromeritics Instrument Corporation is the world leader in analytical instrumentation for the physical characterisation of particles, powders, and porous materials. Founded in 1962, the organization operates at the premium end of the research, product development, and quality control markets. Its "gold-standard" technology portfolio covers fundamental measurements including surface area, porosity, density, and powder flow. The entity serves over 10,000 customers globally, with a significant footprint in clean-tech (batteries, hydrogen, carbon capture) and industrial-tech (pharmaceuticals, semiconductors). With 470 employees and a direct-to-customer sales model accounting for 80% of revenue, the firm is a critical enabler of advanced materials analysis.

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REFERENCES

Valuation range: EV 500M - 1.5b USD

EBITDA range: 25M - 50M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MICROMERITICS INSTRUMENT CORPORATION by SPECTRIS 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).

Press release: view release

Acquirer: spectris