At what enterprise value was SPECTRIS acquired in 2025?

During the acquisition of SPECTRIS by KKR in 2025, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b GBP. 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 SPECTRIS when it was acquired by KKR?

The estimated EV/EBITDA multiple for SPECTRIS 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.

When was SPECTRIS acquired by KKR?

SPECTRIS was acquired by KKR in 2025.

What was the revenue of SPECTRIS at the time of the deal?

The revenue of SPECTRIS at the time of the deal is estimated to be in the range of 750M - 1.3b GBP. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of SPECTRIS during the acquisition?

SPECTRIS's EBITDA is estimated to be in the range of 150M - 250M GBP. 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 SPECTRIS 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 SPECTRIS 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/archive/acquisition-of-spectris-plc/

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Home Database Industry & ManufacturingSPECTRIS

07/2025

SPECTRIS acquired by KKR

UNITED KINGDOM Industrial Equipment / Special Machinery / Lab & Scientific Equipment EV 3b - 100b GBP

Context

KKR, through its vehicle Project Aurora Bidco Limited, has completed the acquisition of Spectris plc for a total consideration of approximately £4.4 billion. The transaction followed a competitive bidding war between KKR and Advent International. The strategic rationale for the deal is to transition Spectris to private ownership to provide the capital and flexibility needed for accelerated investment in R&D and bolt-on acquisitions. KKR has committed to maintaining Spectris’s headquarters in the UK and continuing its ESG initiatives, including a £1 million annual contribution to the Spectris Foundation. The deal allows Spectris to continue its transformation into a "world-class" precision measurement leader without the short-term pressures of the public market. The transaction was implemented via a court-sanctioned scheme of arrangement.

This platform was built through multiple acquisitions, including Micromeritics Instrument Corporation (2024) and Piezocryst Advanced Sensorics (2024), illustrating an active consolidation strategy.

SPECTRIS, 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

Spectris is a leading supplier of precision instrumentation and controls. Its Malvern Panalytical division specializes in the analysis of materials' chemical, physical, and structural properties. The group focuses on high-value segments like pharma, semiconductor, and primary materials.

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Other operations with SPECTRIS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2024	SPECTRIS	PIEZOCRYST ADVANCED SENSORICS	AUSTRIA	Industrial Equipment	Spectris plc has announced the acquisition of Piezocryst Advanced Sensorics from AVL List GmbH, as part of its strategy to bolster its precision measurement technology offerings and solidify its position in the advanced sensor market
07/2024	SPECTRIS	SCIAPS INCORPORATED	UNITED STATES	Industrial Equipment	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)
07/2024	SPECTRIS	MICROMERITICS INSTRUMENT CORPORATION	UNITED STATES	Industrial Equipment	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
05/2022	SPECTRIS	DYTRAN INSTRUMENTS	UNITED STATES	Hardware & Electronics	Spectris plc has finalized the acquisition of Dytran Instruments, an operation designed to fundamentally strengthen the group’s HBK business unit. The strategic rationale for this transaction centers on a "technology-reinforcement" play, merging the target's industry-leading piezo-electric and MEMS-based sensor technology with the group’s vast global commercial and service infrastructure
07/2021	SPECTRIS	CONCURRENT REAL-TIME	UNITED STATES	Software	Spectris plc has finalized the acquisition of Concurrent Real-Time from the private equity firm Battery Ventures, a maneuver designed to fundamentally strengthen the group’s Hottinger Brüel & Kjær (HBK) platform
01/2018	SPECTRIS	CONCEPT LIFE SCIENCES	UNITED KINGDOM	Healthcare Services	Spectris plc has successfully finalized the acquisition of 100% of the share capital of the target from a mid-market private equity firm. This strategic transaction represents a definitive step in the group’s evolution toward a combined product-and-service proposition within its specialized materials analysis segment

REFERENCES

Valuation range: EV 3b - 100b GBP

Revenue range: 750M - 1.3b GBP

EBITDA range: 150M - 250M GBP

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

Target: spectris

Acquirer: kkr