Spectris Invests $630 Million to Acquire Micromeritics Instrument Corp for Advanced Materials Analysis
Key Ideas
- Spectris is acquiring Micromeritics Instrument Corporation for $630 million to enhance its capabilities in particle characterisation for advanced materials analysis.
- Micromeritics, headquartered in Norcross, Georgia, is a high-growth, high-margin business with a strong portfolio of industry-leading technologies.
- Around 40% of Micromeritics' sales come from the clean-tech sector, including hydrogen/fuel cells, while 60% are from industrial tech, covering chemicals, pharmaceuticals, and semiconductors.
- The acquisition is expected to be immediately accretive to Spectris's earnings and complementary to its Malvern Panalytical division, positioning them as a global market leader in particle characterisation.
Precision measurement tools group Spectris has announced its acquisition of US-based Micromeritics Instrument Corporation for $630 million to strengthen its offerings in particle characterisation for advanced materials analysis. Micromeritics, located in Norcross, Georgia, is recognized for its industry-leading technologies in fundamental particle measurements such as surface area, porosity, and powder flow. Approximately 40% of Micromeritics' sales are attributed to the clean-tech industry, including hydrogen/fuel cells, while the remaining 60% are from industrial tech applications like chemicals and semiconductors. The company has shown significant growth, achieving a compound annual sales growth rate of 17% between 2021 and 2024. Spectris anticipates double-digit growth in the medium term following the acquisition. Spectris views the acquisition as strategic, aligning with its goal of creating world-class businesses and adding value for customers and shareholders. The combination of Micromeritics with Malvern Panalytical is seen as synergistic, positioning them as a top player in particle characterisation for advanced materials analysis and enhancing their competitiveness in markets aligned with long-term growth trends, including sustainability initiatives.
Topics
Fuel Cells
Acquisition
Advanced Materials
Growth
Particle Characterisation
Industry-leading Technologies
Clean-tech Sector
Industrial Tech
Synergistic
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