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 LOGIN in 2016, 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 (11.6x).
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
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.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 100M - 350M USD
Revenue range: 50M - 100M USD
EBITDA range: 5M - 25M USD
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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).
Target: mocon
Acquirer: ametek