Spectris plc Acquires SciAps Incorporated
August 21, 2024
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.
- Buyers
- Spectris plc
- Targets
- SciAps Incorporated
- Sellers
- Rand Capital Corporation
- Industry
- Manufacturing
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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