SCIAPS INCORPORATED acquired by SPECTRIS
Context
Spectris has acquired SciAps. SciAps will be integrated into Malvern Panalytical (Spectris Scientific division). The acquisition accelerates Spectris's digital strategy by moving analysis "closer to the sample" (from lab to field). SciAps' handheld XRF and LIBS devices complement Malvern Panalytical's benchtop range, creating a comprehensive suite for customers in mining, recycling, and batteries.
By taking control of Sciaps Incorporated, Spectris continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Dytran Instruments in 2022.
SCIAPS INCORPORATED, 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
Based in Boston, SciAps is a high-growth specialist provider of handheld analytical instruments. It leverages X-ray Fluorescence (XRF) and Laser Induced Breakdown Spectroscopy (LIBS) to identify compounds, minerals, and elements in materials. The company serves high-growth end markets relevant to the circular economy and energy transition, such as mining (green metals), metal recycling, battery materials, and agriculture. SciAps is known for its innovation in miniaturizing lab-grade analysis into portable field devices.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 300M - 700M 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).
Press release: view release
Acquirer: spectris