OPTASENSE acquired by LUNA INNOVATIONS INCORPORATED
Context
Luna Innovations Incorporated has completed the transformative acquisition of OptaSense Holdings, Ltd. from QinetiQ. OptaSense will operate as a fully owned subsidiary while maintaining its existing brand identity. The strategic rationale for the combination is to create a global powerhouse in the distributed fiber sensing market by merging OptaSense’s market,leading distributed acoustic sensing (DAS) technology with Luna’s existing suite of optical products. The integration is expected to be accretive to non,GAAP earnings in 2021. This acquisition allows the combined group to rapidly expand into high,growth sectors (including security, smart infrastructure, and oil and gas) while establishing a cost,effective international operational presence and strengthening its intellectual property portfolio through over 150 added patents.
OPTASENSE, which reported an EBITDA margin of in 2020, 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 (15.1x).
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Target
OptaSense Holdings, Ltd. is a recognized market leader in fiber optic distributed monitoring solutions and distributed acoustic sensing (DAS) systems. The organization provides specialized technology for the real-time monitoring of critical infrastructure (including pipelines, oilfield services, highways, railways, and power utilities). Its proprietary platform utilizes fiber optic cables as highly sensitive sensors to detect acoustic, thermal, and strain changes over vast distances. The entity holds a significant intellectual property portfolio with more than 150 active and pending patents, supported by deep expertise in algorithm development for AI and machine learning. With a diverse, blue-chip customer base and a global operational footprint spanning the United Kingdom, Dubai, the United States, and Canada, the group delivers high-performance data services that enable enhanced security, perimeter detection, and smart infrastructure management in harsh environments.
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REFERENCES
Valuation range: EV 10M - 30M GBP
Revenue range: 5M - 25M GBP
EBITDA range: 0M - 5M GBP
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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: optasense
Acquirer: luna innovations incorporated