Mocon acquired by Ametek
Context
AMETEK has completed the acquisition of MOCON, a specialized provider of gas measurement and analysis instruments used in packaging testing and industrial quality control. This move aligns with AMETEK's strategy to strengthen its presence in the gas analysis instrumentation market, as well as its measurement solutions for the food and pharmaceutical industries, two sectors characterized by high standards for quality and compliance. As a result, MOCON has been integrated into AMETEK's Process & Analytical Instruments division. MOCON's technologies complement AMETEK's existing capabilities in gas analysis instrumentation, particularly in applications related to packaging permeability testing and material characterization in sensitive industries. Beyond this industrial integration, the acquisition enables AMETEK to bolster its position in the packaging testing market, where manufacturers must ensure the safety, quality, and compliance of packaging for food and pharmaceutical products. MOCON's solutions enhance AMETEK's existing portfolio, which is structured around measuring and controlling production environments. Furthermore, the acquired company brings a customer base comprising research laboratories, production sites, and quality control departments, which have recurring needs for testing instrumentation and validation services. This customer base complements AMETEK's existing activities in process and analytical instruments, while increasing its exposure to niche segments of scientific and industrial instrumentation.
Mocon, which reported an EBITDA margin of [members only] in 2016, is valued in this transaction at an EV/EBITDA multiple of 15x–25x, to compare with the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).
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Target
MOCON is a US-based company specializing in gas measurement and analysis instruments for packaging testing and quality control. The company designs laboratory equipment and measurement systems used to analyze the permeability of packaging materials and gas composition in various industrial environments. Its solutions are primarily used in the food, pharmaceutical, medical device, and industrial sectors, where controlling the barrier properties of packaging materials is crucial for product preservation, safety, and compliance. The instruments developed enable the measurement of gas transmission rates, such as oxygen and water vapor, through different materials. MOCON also provides testing equipment and services for research laboratories, production facilities, and quality control departments. These solutions allow for the verification of packaging and material performance in regulated environments, particularly for products sensitive to oxidation or moisture. The company operates in a niche segment related to gas analysis and material property control, with a strong focus on industrial and regulatory applications. Its offering combines measurement instruments, testing systems, and associated services for product qualification and validation purposes.
Ent. Value
$100–350M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
15x–25x
EV / EBIT
[members only]
Historical Financials (USD)
Other operations with Ametek
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2026 | AMETEK | INDICOR INSTRUMENTATION | UNITED STATES | Instrumentation & Measurement |
| 07/2025 | AMETEK | FARO TECHNOLOGIES | UNITED STATES | Instrumentation & Measurement |
| 10/2024 | AMETEK | VIRTEK VISION | CANADA | Sensors & Optics |
| 11/2023 | AMETEK | PARAGON MEDICAL | UNITED STATES | Medical Devices |
| 10/2019 | AMETEK | GATAN | UNITED STATES | Lab & Scientific Equipment |
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REFERENCES
Valuation range: EV $100–350M
Revenue range: $50–100M
EBITDA range: $5–25M
EV/Revenue range: 2x - 6x
EV/EBITDA range: 15x - 25x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Mocon by Ametek 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.
Target: mocon
Acquirer: ametek
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