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FairlyValued

42 industries benchmarked · 39 live sell-side mandates · reviewed 2026-08-06

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Technology Hardware

Who acquires Technology Hardware companies

196 distinct acquirers across 234 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.

234
Transactions
2014 to 2026
196
Named acquirers
distinct buyers
10.8x
Median EV/EBITDA
from 15 disclosed
$85m
Median deal size
enterprise value

Most active acquirers

Ranked by number of acquisitions recorded in this sector. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.

Recorded transactions

TargetAcquirerDateValueEV/EBITDAEV/Revenue
AstroNovaArcline Investment Management LP2026-08-26$0k0.0x0.0x
Honeywell Productivity Solutions and Services businessBrady Corporation2026-08-03$1.4bn0.0x0.0x
ASA Robotics LimitedModuLink Inc.2026-04-23$640k0.0x0.0x
VebuServe Robotics Inc.2026-02-17$4m0.0x0.0x
Inpixon GmbHEVO 467. GmbH2026-02-03$5m0.0x0.0x
Sonim Technologies rugged mobile phone businessNEXA2026-01-27$0k0.0x0.0x
One Stop SystemsHiper Euro GmbH2025-12-30$22m0.0x0.0x
Solar Drone Ltd.VisionWave Holdings2025-12-17$0k0.0x0.0x
ZT Group Int'lSanmina Corporation2025-10-27$0k0.0x0.0x
Juniper NetworksHewlett Packard Enterprise Company2025-07-02$0k0.0x0.0x
Lathem Time 2025Asure Software2025-07-01$40m0.0x0.0x
Lexmark International IIXerox Corporation2025-07-01$1.5bn0.0x0.0x
ElatecAllegion2025-06-12$372m0.0x0.0x
AkoustisSpaceX2025-05-15$30m0.0x0.0x
FAROAMETEK2025-05-06$920m28.8x2.7x
Markforged Holding CorporationNano Dimension Ltd.2025-04-25$0k0.0x0.0x
Desktop MetalNano Dimension Ltd.2025-04-02$0k0.0x0.0x
IntevacSeagate Technology Holdings plc2025-03-31$0k0.0x0.0x
Skytech Automated Solutions Inc.NightFood Holdings2025-03-31$0k0.0x0.0x
ZT Group Int'lAdvanced Micro Devices2025-03-31$0k0.0x0.0x
HumaneHP2025-02-18$116m0.0x0.0x
KinaraNXP Semiconductors2025-02-10$307m0.0x0.0x
TTTech AutoNXP Semiconductors2025-01-07$625m0.0x0.0x
Inertial LabsVIAVI2024-12-13$150m0.0x0.0x
VoxeljetAnzu Partners (PE)2024-12-03$23m0.0x0.0x
Borqs TechnologiesSasken Technologies2024-11-11$40m0.0x0.0x
Excelitas - Select Aerospace and Defense Electronics BusinessesTeledyne Technologies2024-11-06$710m0.0x0.0x
FierySeiko Epson2024-09-18$591m0.0x0.0x
IterisAlmaviva2024-08-09$335m37.2x1.9x
Precision Optical TechnologiesBelden2024-07-01$290m0.0x0.0x
AcronameValens Semiconductor2024-06-03$8m0.0x0.0x
RedWave908 Devices, 645 Summer Street2024-04-30$54m0.0x0.0x
Gravotech HoldingBrady2024-03-15$139m0.0x1.1x
First Light ImagingOxford Instruments2024-01-10$18m0.0x0.0x
PCTELAmphenol2023-10-13$140m15.5x1.4x
Comtech - Power Systems TechnologyStellant2023-10-12$40m0.0x0.0x
Micro-ModeITT2023-05-03$80m0.0x3.1x
TESSCO TechnologiesLee Equity Partners (PE)2023-04-12$161m50.4x0.4x
Video KingEveri2023-04-11$59m0.0x0.0x
exceetAPEX Group2023-01-24$135m0.0x0.0x
InoNetEurotech2022-09-13$11m0.0x0.0x
UplogixLantronix2022-09-12$8m0.0x0.9x
TelephonicsTTM Technologies2022-04-18$330m0.0x0.0x
Ferroperm PiezoceramicsCTS2022-04-12$79m0.0x0.0x
Swift LabsBlackline Safety2022-04-04$5m0.0x1.3x
CelenoRenesas Electronics2021-10-28$315m0.0x0.0x
Garz & FrickeUndisclosed2021-10-18$203m0.0x0.0x
Advanced CircuitsTempo Automation2021-10-14$310m0.0x0.0x
Garz & FrickeSECO2021-10-11$203m0.0x0.0x
PrintronixAcacia Research2021-10-11$33m0.0x0.0x
AgJunctionKubota2021-10-07$69m0.0x7.4x
Data Center SystemsHexatronic2021-09-22$20m6.6x0.0x
Lyte TechnologyPhunware2021-09-13$10m0.0x0.0x
NanotechMeta Materials2021-08-05$69m0.0x0.0x
AzugaBridgestone Americas2021-08-02$391m0.0x0.0x
AerialtronicsAquiline Drones2021-06-28$9m0.0x0.0x
CodeBrady2021-06-17$173m0.0x0.0x
WITecOxford Instruments2021-06-16$47m0.0x0.0x
CIS GlobalnVent Electric2021-06-09$200m0.0x0.0x
PentekMercury2021-05-27$65m0.0x0.0x
Dangot ComputersOMNIQ2021-05-06$8m0.0x0.0x
Communications SystemsLantronix2021-04-29$32m0.0x0.9x
VDS VerkehrstechnikQuarterhill2021-04-28$2m0.0x0.0x
JiobitLife3602021-04-26$55m0.0x0.0x
Shanghai BweenetJiayin Group2021-04-05$15m0.0x0.0x
BAE Systems Rokar InternationalElbit Systems2021-04-01$31m0.0x0.0x
HyperXHP2021-02-24$425m0.0x0.0x
XirgoSensata Technologies2021-02-12$400m0.0x0.0x
Sensor Line GmbHQuarterhill2021-01-05$5m0.0x0.0x
FE Moran Security SolutionsSecuritas2020-12-16$82m0.0x0.0x
OptaSense Ltd.Luna2020-12-03$45m0.0x0.0x
Cobham Aerospace ConnectivityTransDigm Group2020-11-24$965m0.0x0.0x
MinimMinim2020-11-12$30m0.0x0.0x
KastenVeeam2020-10-05$150m0.0x0.0x
Nanotron Technologies GmbHXTI Aerospace2020-10-05$9m0.0x0.0x
Sahara Presentation Systems PLCBoxlight Corp.2020-09-25$114m0.0x0.0x
Pacific Star CommunicationsCurtiss-Wright2020-09-24$400m0.0x0.0x
Broadcom Ltd. - Certain Assets and Manufacturing Rights Wireless IoT Connectivity BusinessSynaptics2020-07-07$250m0.0x0.0x
Intel Corp. - Home Gateway Platform DivisionMaxLinear2020-04-06$150m0.0x0.0x
Impact BiomedicalDSS2020-03-12$50m0.0x0.0x
Redpine SignalsSilicon Laboratories2020-03-12$308m0.0x0.0x
Gilat Satellite Networks Ltd.Comtech2020-01-29$533m4.1x0.6x
MDA SpaceNorthern Private Capital (PE)2019-12-30$760m0.0x0.0x
IHSEBrockhaus Technologies2019-12-18$152m0.0x0.0x
UHP NetworksComtech2019-11-21$40m0.0x0.0x
Holzworth InstrumentationWireless Telecom Group2019-11-14$8m0.0x0.0x
Intrinsyc Technologies Corp.Lantronix2019-10-31$27m0.0x0.0x
Gatan InternationalAMETEK2019-09-27$925m0.0x5.1x
CTRL-labsFacebook2019-09-23$500m0.0x0.0x
Lite-On Technology Corp. - SSD BusinessKioxia2019-08-30$165m0.0x0.0x
QRC TechnologiesParsons Corp.2019-07-22$215m0.0x0.0x
Advantor Systems Corp.Vectrus2019-07-08$44m0.0x1.3x
Aerohive NetworksExtreme Networks2019-06-26$272m0.0x1.8x
Systron Donner InertialEMCORE2019-06-10$26m0.0x0.9x
ROCCAT GmbHTurtle Beach2019-03-14$19m0.0x0.0x
Pointer Telocation Ltd.PowerFleet2019-03-13$140m10.8x1.8x
Tantalum Corp. - TrackerCalAmp2019-02-26$15m0.0x0.0x
TRACKER Network (UK) Ltd.CalAmp2019-02-25$13m0.0x0.0x
DemistoPalo Alto Networks2019-02-19$560m0.0x0.0x
PanacastGN Store Nord2019-02-19$125m0.0x0.0x
Endeavor RoboticFLIR Systems2019-02-11$385m0.0x0.0x
Aeryon LabsFLIR Systems2019-01-28$200m0.0x0.0x
PioneerEQT Private Capital Asia (PE)2018-12-07$844m0.0x0.0x
Merck KGaA - Flow Cytometry PortfolioLuminex2018-10-18$70m0.0x0.0x
Cursor Controls Ltd.discoverIE Group2018-10-17$35m0.0x2.9x
BOFA International Ltd.Donaldson2018-09-11$122m0.0x2.0x
PinPoint GPS SolutionsThe Descartes Systems Group2018-08-22$11m0.0x0.0x
LumaSense TechnologiesAdvanced Energy2018-07-30$85m0.0x1.4x
Xplore Technologies Corp.Zebra2018-07-05$90m0.0x1.0x
EchelonAdesto Technologies Corp.2018-06-29$45m0.0x1.4x
CityFibreAntin Infrastructure Partners (PE)2018-06-22$828m0.0x0.0x
Penguin ComputingSMART Supply Chain Services2018-06-11$85m0.0x0.0x
Metrologic GroupSandvik2018-04-27$406m0.0x8.3x
CUESSPX Technologies2018-04-23$189m0.0x0.0x
DTG2GDelta Apparel2018-03-12$16m0.0x0.0x
CalixClearfield2018-02-21$10m0.0x0.0x
Accelerated ConceptsDigi2018-01-22$17m0.0x0.0x
Dialogic Corp. - Converged Communication DivisionSangoma2018-01-09$6m0.0x0.0x
EthertronicsKYOCERA AVX2018-01-03$150m0.0x0.0x
Themis ComputerMercury2017-12-21$180m0.0x0.0x
GroundProbeOrica2017-12-20$146m0.0x0.0x
MiQASASmartron India Pvt. Ltd.2017-12-20$1m0.0x0.0x
D’Crypt Pte. Ltd.StarHub2017-12-15$87m0.0x0.0x
VrvanaApple2017-11-21$30m0.0x0.0x
TelefonixAstronics2017-10-27$104m0.0x0.0x
nuTonomyAptiv2017-10-24$450m0.0x0.0x
InspiRain Technologies Pte Ltd.AEM2017-09-30$4m0.0x0.0x
Imagination Technologies GroupCanyon Bridge (PE)2017-09-22$847m0.0x0.0x
LandauerFortive2017-09-06$770m0.0x5.4x
Microscan SystemsOMRON Corp.2017-08-30$189m0.0x0.0x
AeroAntenna TechnologyHEICO2017-08-18$317m0.0x0.0x
DIP Tech Ltd.Ferro2017-08-02$60m0.0x0.0x
Numerex Corp.Sierra Wireless2017-08-02$107m0.0x1.6x
ShoreTelMitel2017-07-27$430m0.0x1.2x
Corsair CommunicationsEagleTree Capital (PE)2017-07-26$525m0.0x0.0x
Robopolis SASiRobot2017-07-25$141m0.0x0.0x
iCOMS Detections SAQuarterhill2017-07-18$1m0.0x0.6x
SandvineSandvine2017-07-17$427m0.0x0.0x
AG Acquisition Corp. (dba Astro Gaming)Logitech2017-07-11$85m0.0x0.0x
Keytroller LLCPowerFleet2017-07-11$9m7.5x1.4x
MRV CommunicationsADVA Optical Networking North America2017-07-02$69m0.0x0.8x
AttentiApax (PE)2017-06-01$200m0.0x2.1x
Delta MicrowaveMercury2017-04-03$41m0.0x3.2x
Norsat InternationalHytera Communications Corporation2017-03-27$62m11.5x1.6x
Brocade Communications SystemsARRIS International plc2017-02-22$800m0.0x0.0x
Servotronix Motion Control Ltd.Midea Group2017-02-12$170m0.0x0.0x
Rauland-Borg Corp.AMETEK2017-02-07$340m0.0x2.1x
ThingMagicNovanta2017-01-05$20m0.0x0.0x
ISP Optics Corp.LightPath Technologies2016-12-21$18m0.0x0.0x
Stanley Black & Deckerdormakaba Holding2016-12-21$725m0.0x0.0x

The 150 most recent of 234 recorded transactions in this sector. n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.

See all 234 Technology Hardware transactions

Who owns Software & Internet companies

On PEStore, Technology Hardware sits within Software & Internet. PEStore profiles the private equity firms and serial acquirers active there: what they own, how long they have held it, and every deal on record. Underlined acquirers above link to their profiles.

Software & Internet investors and acquirers on PEStoreMultiples across every sector

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