Tescan Group acquired by The Carlyle Group

CZECH REPUBLIC Industrial Equipment / Special Machinery / Instrumentation & Measurement REV $100–200M

Context

In December 2022, The Carlyle Group announced the acquisition of a majority stake in Tescan, a Czech manufacturer specializing in scientific instruments and advanced electron microscopy technologies. This strategic investment not only provides Carlyle with a controlling interest in a niche market player but also positions the firm to capitalize on a high-growth segment driven by sustained demand for advanced analytical solutions and precision instrumentation. As part of its investment thesis, Carlyle plans to support Tescan's next phase of development, focusing on product innovation, enhancing its high-end positioning, and accelerating international expansion. Furthermore, the private equity firm aims to leverage the market's fragmentation to drive both organic growth and consolidation opportunities, while increasing the group's exposure to high-growth segments such as semiconductors and cutting-edge technologies.

Tescan Group, which reported an EBITDA margin of [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average observed in the Industry & Manufacturing sector (11.8x in 2022).

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Target

Tescan Group is a global leader in high-precision scientific and analytical instruments, with a recognized expertise in imaging and electron microscopy technologies. Founded in 1991 and headquartered in Brno, Czech Republic, the company develops and markets advanced solutions for the observation and analysis of micro and nano-scale structures. Its technology portfolio includes scanning electron microscopes, ion beam systems, micro-CT scanners, 4D transmission electron microscopes, and ultra-fast laser micromachining solutions. These instruments enable the exploration and characterization of materials with extremely high precision, catering to the demanding needs of sectors such as materials science, life sciences, and the semiconductor industry.

Ent. Value

[members only]

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2022

2021

Other operations with Tescan Group

Other operations with Tescan Group
Date	Acquirer	Target	Country	Sector
01/2026	SHIMADZU CORPORATION	TESCAN GROUP	CZECH REPUBLIC	Instrumentation & Measurement

Other operations with The Carlyle Group

Other operations with The Carlyle Group
Date	Acquirer	Target	Country	Sector
10/2026	THE CARLYLE GROUP	NIDEC COMPONENTS	JAPAN	Sensors & Optics
09/2026	THE CARLYLE GROUP / CVC	BAUWATCH	NETHERLANDS	Security & Guarding
07/2026	THE CARLYLE GROUP	SECTURION SYSTEMS	UNITED STATES	Electronics
09/2025	THE CARLYLE GROUP / BPIFRANCE	CIRIL GROUP	FRANCE	Industry-Specific Software
07/2025	THE CARLYLE GROUP	ADASTRA GROUP	CANADA	Engineering & Consulting
10/2023	THE CARLYLE GROUP	LOCABOX	FRANCE	Warehousing / 3PL
05/2023	THE CARLYLE GROUP	MEOPTA-OPTIKA	CZECH REPUBLIC	Sensors & Optics
01/2023	THE CARLYLE GROUP	GROUPE LACOUR	FRANCE	Automotive
05/2022	THE CARLYLE GROUP	MANTECH INTERNATIONAL CORPORATION	UNITED STATES	Cybersecurity Services
12/2021	THE CARLYLE GROUP	ALTADIA	SPAIN	Specialty Chemicals

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REFERENCES

Revenue range: REV $100–200M

EBITDA range: $10–30M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Tescan Group by The Carlyle Group 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: tescan group

Acquirer: the carlyle group

FAQ

What transaction does this page cover?

This page covers The Carlyle Group’s acquisition of 100% of Tescan Group, a Czech company specialised in Special Machinery, in 2022. Ownership has since evolved, leading to a subsequent transaction with Shimadzu Corporation in January 2026 (see the dedicated deal page for details).

What were Tescan Group’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Tescan Group generated annual revenue estimated in the $100–200M range and EBITDA in the $10–30M bracket (FY 2022). Detailed financial figures are available to members.

How does the valuation of Tescan Group compare to benchmarks in the Industry & Manufacturing sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 11.8x EBITDA during 2022.

What sources support the information on this transaction?

Information on this transaction is sourced from the official corporate announcement published by the parties, corroborated by a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

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