Spectris plc Acquires MicroStrain Sensing Systems Business

Spectris plc Acquires Micromeritics Instrument Corporation from SFW Capital Partners

August 23, 2024

Manufacturing

Spectris plc has completed the acquisition of Micromeritics Instrument Corporation from SFW Capital Partners for $630 million upfront plus up to $53 million in deferred consideration. Micromeritics, headquartered in Norcross, Georgia, is a maker of analytical instrumentation for particle and material characterization; the deal expands Spectris's capabilities and presence in materials characterization and clean-technology end markets.

Microbiologics Acquires SensID to Expand Diagnostic Reference Materials Portfolio

November 6, 2024

Biotechnology

Microbiologics has acquired SensID, a Rostock, Germany-based maker of reference materials and quality controls for molecular diagnostics, marking Microbiologics' first location outside the United States. The deal expands Microbiologics' capabilities into oncology and precision medicine and combines both companies' expertise to broaden diagnostic quality-control offerings for diagnostic developers and clinical labs.

Spectris plc Acquires SciAps Incorporated

August 21, 2024

Manufacturing

Spectris plc agreed to acquire SciAps Incorporated for up to $260 million (upfront $200M plus up to $60M deferred), integrating the handheld XRF and LIBS specialist into Malvern Panalytical. SciAps, based in Boston, Massachusetts, is a high-growth provider of handheld materials-analysis instruments (expected 2024 sales ~$70M and adjusted EBITDA ~$12.1M); Rand Capital received $13.1M in proceeds from the sale of its SciAps investments.

Bruker Corporation Acquires Spectral Instruments Imaging

February 6, 2024

Medical Devices

Bruker Corporation has acquired Spectral Instruments Imaging LLC, a Tucson-based maker of preclinical in‑vivo optical imaging systems, to broaden Bruker BioSpin's preclinical imaging portfolio. Financial terms were not disclosed; SII generated over $10 million in revenue in 2023 and will expand Bruker's capabilities in bioluminescence, fluorescence and X‑ray preclinical imaging.

Benford Capital-backed Industrial QC Acquires Strainoptics

August 3, 2022

Manufacturing

Benford Capital Partners' portfolio company Industrial QC Holdings, LLC has acquired Strainoptics, LLC, a North Wales, Pennsylvania-based maker of non-destructive stress measurement and optical inspection instruments. The deal is an add-on to the Industrial QC platform, expanding its test & measurement product portfolio alongside earlier acquisitions LiteSentry and Softsolution.

U.S. Pharmacopeia Acquires Stratix Labs

October 21, 2024

Pharmaceuticals

U.S. Pharmacopeia (USP) has acquired Stratix Labs, a Saint Paul, Minnesota-based microbiology technology company, to expand USP’s microbiological quality-control offerings and contamination-control capabilities. The acquisition brings Stratix Labs' microbial preservation products and the Enverify competency solution into USP’s portfolio to better serve pharmaceutical manufacturers, biopharma developers, and compounding entities.