Halma plc Acquires MK Test Systems from Synova

Halma plc Acquires FirePro for €150m

March 28, 2023

Manufacturing

Halma plc has acquired FirePro, a Limassol-headquartered designer and manufacturer of condensed aerosol fire suppression systems, for €150 million on a cash- and debt-free basis. FirePro will operate as a standalone company within Halma's Safety sector, broadening Halma's fire-detection and suppression capabilities and giving FirePro access to Halma's global reach and resources.

MKS Instruments Acquires Photon Control

May 10, 2021

Manufacturing

MKS Instruments agreed to acquire Photon Control Inc. in an all-cash transaction valued at approximately CAD$387 million (enterprise value ~CAD$343 million). The acquisition expands MKS's sensing capabilities—adding optical sensors for temperature and position used in semiconductor wafer fabrication—and is expected to be accretive to non-GAAP net earnings within 12 months, with closing expected in Q3 2021 subject to customary approvals.

Mindray Acquires HyTest from Summa Equity for €545 Million

May 16, 2021

Medical Devices

Mindray has signed a definitive agreement to acquire HyTest, a Finland-based developer and manufacturer of high-performance antibodies and antigens for in-vitro diagnostics, from private equity owner Summa Equity for approximately €545 million. The deal, subject to customary regulatory approvals, is expected to close in the second half of the year and expands Mindray’s capabilities and product portfolio in IVD reagents and raw materials.

ScandiNova Systems AB Acquires Microwave Amps

June 2, 2023

Aerospace & Defense

Uppsala-based ScandiNova Systems AB has acquired Bristol-based Microwave Amps to expand its RF amplifier capabilities and broaden its product portfolio for medtech, industrial, scientific and defense customers. The acquisition will integrate Microwave Amps' solid-state RF amplifiers into ScandiNova's RF systems and increases the combined group's employee base to over 200.

Trive-Backed Karman Missile & Space Systems Acquires Systima Technologies

September 24, 2021

Aerospace & Defense

Karman Missile & Space Systems, a platform backed by Trive Capital, has acquired Systima Technologies to expand its capabilities across the space, missile and hypersonic supply chains. The Systima leadership team will remain as equity holders and senior leaders of Karman; the deal is an add-on to the Karman platform to broaden engineering, composite-structure and energetic systems capabilities.

Karman Missile & Space Systems Acquires TMX Engineering

September 21, 2021

Aerospace & Defense

Karman Missile & Space Systems, a Trive Capital-backed platform, has acquired TMX Engineering, a Los Angeles-based precision machining firm. The deal expands Karman's capacity and capabilities in complex precision machining for space, missile, and hypersonic systems; TMX's senior leadership will remain as equity holders.