SPECTRIS has been 100% owned by KKR since July 2025.

At what enterprise value was SPECTRIS acquired in 2025?

During the acquisition of SPECTRIS by KKR in 2025, the transaction's Enterprise Value is estimated to be in the range of 3b - 100b GBP.

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.

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.

What was the EBITDA of SPECTRIS during the acquisition?

SPECTRIS's EBITDA is estimated to be in the range of 150M - 250M GBP.

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/

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.5x.

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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 in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.5x).

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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.

Ent. Value

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EV / EBIT

Historical Financials (GBP)

Year

Rev

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2024

2023

Other operations with SPECTRIS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
09/2024	SPECTRIS	PIEZOCRYST ADVANCED SENSORICS	AUSTRIA	Instrumentation & Measurement
07/2024	SPECTRIS	SCIAPS INCORPORATED	UNITED STATES	Lab & Scientific Equipment
07/2024	SPECTRIS	MICROMERITICS INSTRUMENT CORPORATION	UNITED STATES	Lab & Scientific Equipment
05/2022	SPECTRIS	DYTRAN INSTRUMENTS	UNITED STATES	Sensors & Optics
07/2021	SPECTRIS	CONCURRENT REAL-TIME	UNITED STATES	Engineering & Design Software
01/2018	SPECTRIS	CONCEPT LIFE SCIENCES	UNITED KINGDOM	CRO / Clinical Trials

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: 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: spectris

Acquirer: kkr