Technology Hardware
Who acquires Technology Hardware companies
194 distinct acquirers across 234 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.
Top 10 acquirers of Technology Hardware companies
Ranked by number of acquisitions recorded in this sector, with the year of each buyer's latest one. A buyer that has done this more than once has a thesis, and a thesis is what makes an approach worth making.
| Acquirer | Deals here | Last deal |
|---|---|---|
| AMETEK | 4 | 2025 |
| Mercury | 4 | 2021 |
| FLIR Systems | 4 | 2019 |
| Brady | 3 | 2026 |
| Lantronix | 3 | 2022 |
| Quarterhill | 3 | 2021 |
| Hewlett Packard Enterprise Company | 2 | 2025 |
| Nano Dimension Ltd. | 2 | 2025 |
| HP | 2 | 2025 |
| NXP Semiconductors | 2 | 2025 |
Counted from 234 recorded transactions, 2014 to 2026. Name variants of the same buyer (Inc, Corporation, Ltd) are counted together.
Would these buyers pay for yours?
Put a number on it first: run the free estimate, then the $199 written report sets your range against the Technology Hardware band and the comparable disclosed deals, in a document you can share. If the business is profitable, has $1M or more of revenue and you may sell within two years, talk to our advisory team about which of these buyers would engage, and at what price. The first conversation is free.
Recorded transactions
| Target | Acquirer | Date | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| AstroNova | Arcline Investment Management LP | 2026-08-26 | n/d | n/d | n/d |
| Honeywell Productivity Solutions and Services business | Brady Corporation | 2026-08-03 | $1.4bn | n/d | n/d |
| ASA Robotics Limited | ModuLink Inc. | 2026-04-23 | $640k | n/d | n/d |
| Vebu | Serve Robotics Inc. | 2026-02-17 | $4m | n/d | n/d |
| Inpixon GmbH | EVO 467. GmbH | 2026-02-03 | $5m | n/d | n/d |
| Sonim Technologies rugged mobile phone business | NEXA | 2026-01-27 | n/d | n/d | n/d |
| One Stop Systems | Hiper Euro GmbH | 2025-12-30 | $22m | n/d | n/d |
| Solar Drone Ltd. | VisionWave Holdings | 2025-12-17 | n/d | n/d | n/d |
| ZT Group Int'l | Sanmina Corporation | 2025-10-27 | n/d | n/d | n/d |
| Juniper Networks | Hewlett Packard Enterprise Company | 2025-07-02 | n/d | n/d | n/d |
| Lathem Time 2025 | Asure Software | 2025-07-01 | $40m | n/d | n/d |
| Lexmark International II | Xerox Corporation | 2025-07-01 | $1.5bn | n/d | n/d |
| Elatec | Allegion | 2025-06-12 | $372m | n/d | n/d |
| Akoustis | SpaceX | 2025-05-15 | $30m | n/d | n/d |
| FARO | AMETEK | 2025-05-06 | $920m | 28.8x | 2.7x |
| Markforged Holding Corporation | Nano Dimension Ltd. | 2025-04-25 | n/d | n/d | n/d |
| Desktop Metal | Nano Dimension Ltd. | 2025-04-02 | n/d | n/d | n/d |
| Intevac | Seagate Technology Holdings plc | 2025-03-31 | n/d | n/d | n/d |
| Skytech Automated Solutions Inc. | NightFood Holdings | 2025-03-31 | n/d | n/d | n/d |
| ZT Group Int'l | Advanced Micro Devices | 2025-03-31 | n/d | n/d | n/d |
| Humane | HP | 2025-02-18 | $116m | n/d | n/d |
| Kinara | NXP Semiconductors | 2025-02-10 | $307m | n/d | n/d |
| TTTech Auto | NXP Semiconductors | 2025-01-07 | $625m | n/d | n/d |
| Inertial Labs | VIAVI | 2024-12-13 | $150m | n/d | n/d |
| Voxeljet | Anzu Partners (PE) | 2024-12-03 | $23m | n/d | n/d |
| Borqs Technologies | Sasken Technologies | 2024-11-11 | $40m | n/d | n/d |
| Excelitas - Select Aerospace and Defense Electronics Businesses | Teledyne Technologies | 2024-11-06 | $710m | n/d | n/d |
| Fiery | Seiko Epson | 2024-09-18 | $591m | n/d | n/d |
| Iteris | Almaviva | 2024-08-09 | $335m | 37.2x | 1.9x |
| Precision Optical Technologies | Belden | 2024-07-01 | $290m | n/d | n/d |
| Acroname | Valens Semiconductor | 2024-06-03 | $8m | n/d | n/d |
| RedWave | 908 Devices, 645 Summer Street | 2024-04-30 | $54m | n/d | n/d |
| Gravotech Holding | Brady | 2024-03-15 | $139m | n/d | 1.1x |
| First Light Imaging | Oxford Instruments | 2024-01-10 | $18m | n/d | n/d |
| PCTEL | Amphenol | 2023-10-13 | $140m | 15.5x | 1.4x |
| Comtech - Power Systems Technology | Stellant | 2023-10-12 | $40m | n/d | n/d |
| Micro-Mode | ITT | 2023-05-03 | $80m | n/d | 3.1x |
| TESSCO Technologies | Lee Equity Partners (PE) | 2023-04-12 | $161m | 50.4x | 0.4x |
| Video King | Everi | 2023-04-11 | $59m | n/d | n/d |
| exceet | APEX Group | 2023-01-24 | $135m | n/d | n/d |
| InoNet | Eurotech | 2022-09-13 | $11m | n/d | n/d |
| Uplogix | Lantronix | 2022-09-12 | $8m | n/d | 0.9x |
| Telephonics | TTM Technologies | 2022-04-18 | $330m | n/d | n/d |
| Ferroperm Piezoceramics | CTS | 2022-04-12 | $79m | n/d | n/d |
| Swift Labs | Blackline Safety | 2022-04-04 | $5m | n/d | 1.3x |
| Celeno | Renesas Electronics | 2021-10-28 | $315m | n/d | n/d |
| Garz & Fricke | Undisclosed | 2021-10-18 | $203m | n/d | n/d |
| Advanced Circuits | Tempo Automation | 2021-10-14 | $310m | n/d | n/d |
| Garz & Fricke | SECO | 2021-10-11 | $203m | n/d | n/d |
| Printronix | Acacia Research | 2021-10-11 | $33m | n/d | n/d |
| AgJunction | Kubota | 2021-10-07 | $69m | n/d | 7.4x |
| Data Center Systems | Hexatronic | 2021-09-22 | $20m | 6.6x | n/d |
| Lyte Technology | Phunware | 2021-09-13 | $10m | n/d | n/d |
| Nanotech | Meta Materials | 2021-08-05 | $69m | n/d | n/d |
| Azuga | Bridgestone Americas | 2021-08-02 | $391m | n/d | n/d |
| Aerialtronics | Aquiline Drones | 2021-06-28 | $9m | n/d | n/d |
| Code | Brady | 2021-06-17 | $173m | n/d | n/d |
| WITec | Oxford Instruments | 2021-06-16 | $47m | n/d | n/d |
| CIS Global | nVent Electric | 2021-06-09 | $200m | n/d | n/d |
| Pentek | Mercury | 2021-05-27 | $65m | n/d | n/d |
| Dangot Computers | OMNIQ | 2021-05-06 | $8m | n/d | n/d |
| Communications Systems | Lantronix | 2021-04-29 | $32m | n/d | 0.9x |
| VDS Verkehrstechnik | Quarterhill | 2021-04-28 | $2m | n/d | n/d |
| Jiobit | Life360 | 2021-04-26 | $55m | n/d | n/d |
| Shanghai Bweenet | Jiayin Group | 2021-04-05 | $15m | n/d | n/d |
| BAE Systems Rokar International | Elbit Systems | 2021-04-01 | $31m | n/d | n/d |
| HyperX | HP | 2021-02-24 | $425m | n/d | n/d |
| Xirgo | Sensata Technologies | 2021-02-12 | $400m | n/d | n/d |
| Sensor Line GmbH | Quarterhill | 2021-01-05 | $5m | n/d | n/d |
| FE Moran Security Solutions | Securitas | 2020-12-16 | $82m | n/d | n/d |
| OptaSense Ltd. | Luna | 2020-12-03 | $45m | n/d | n/d |
| Cobham Aerospace Connectivity | TransDigm Group | 2020-11-24 | $965m | n/d | n/d |
| Minim | Minim | 2020-11-12 | $30m | n/d | n/d |
| Kasten | Veeam | 2020-10-05 | $150m | n/d | n/d |
| Nanotron Technologies GmbH | XTI Aerospace | 2020-10-05 | $9m | n/d | n/d |
| Sahara Presentation Systems PLC | Boxlight Corp. | 2020-09-25 | $114m | n/d | n/d |
| Pacific Star Communications | Curtiss-Wright | 2020-09-24 | $400m | n/d | n/d |
| Broadcom Ltd. - Certain Assets and Manufacturing Rights Wireless IoT Connectivity Business | Synaptics | 2020-07-07 | $250m | n/d | n/d |
| Intel Corp. - Home Gateway Platform Division | MaxLinear | 2020-04-06 | $150m | n/d | n/d |
| Impact Biomedical | DSS | 2020-03-12 | $50m | n/d | n/d |
| Redpine Signals | Silicon Laboratories | 2020-03-12 | $308m | n/d | n/d |
| Gilat Satellite Networks Ltd. | Comtech | 2020-01-29 | $533m | 4.1x | 0.6x |
| MDA Space | Northern Private Capital (PE) | 2019-12-30 | $760m | n/d | n/d |
| IHSE | Brockhaus Technologies | 2019-12-18 | $152m | n/d | n/d |
| UHP Networks | Comtech | 2019-11-21 | $40m | n/d | n/d |
| Holzworth Instrumentation | Wireless Telecom Group | 2019-11-14 | $8m | n/d | n/d |
| Intrinsyc Technologies Corp. | Lantronix | 2019-10-31 | $27m | n/d | n/d |
| Gatan International | AMETEK | 2019-09-27 | $925m | n/d | 5.1x |
| CTRL-labs | 2019-09-23 | $500m | n/d | n/d | |
| Lite-On Technology Corp. - SSD Business | Kioxia | 2019-08-30 | $165m | n/d | n/d |
| QRC Technologies | Parsons Corp. | 2019-07-22 | $215m | n/d | n/d |
| Advantor Systems Corp. | Vectrus | 2019-07-08 | $44m | n/d | 1.3x |
| Aerohive Networks | Extreme Networks | 2019-06-26 | $272m | n/d | 1.8x |
| Systron Donner Inertial | EMCORE | 2019-06-10 | $26m | n/d | 0.9x |
| ROCCAT GmbH | Turtle Beach | 2019-03-14 | $19m | n/d | n/d |
| Pointer Telocation Ltd. | PowerFleet | 2019-03-13 | $140m | 10.8x | 1.8x |
| Tantalum Corp. - Tracker | CalAmp | 2019-02-26 | $15m | n/d | n/d |
| TRACKER Network (UK) Ltd. | CalAmp | 2019-02-25 | $13m | n/d | n/d |
| Demisto | Palo Alto Networks | 2019-02-19 | $560m | n/d | n/d |
| Panacast | GN Store Nord | 2019-02-19 | $125m | n/d | n/d |
| Endeavor Robotic | FLIR Systems | 2019-02-11 | $385m | n/d | n/d |
| Aeryon Labs | FLIR Systems | 2019-01-28 | $200m | n/d | n/d |
| Pioneer | EQT Private Capital Asia (PE) | 2018-12-07 | $844m | n/d | n/d |
| Merck KGaA - Flow Cytometry Portfolio | Luminex | 2018-10-18 | $70m | n/d | n/d |
| Cursor Controls Ltd. | discoverIE Group | 2018-10-17 | $35m | n/d | 2.9x |
| BOFA International Ltd. | Donaldson | 2018-09-11 | $122m | n/d | 2.0x |
| PinPoint GPS Solutions | The Descartes Systems Group | 2018-08-22 | $11m | n/d | n/d |
| LumaSense Technologies | Advanced Energy | 2018-07-30 | $85m | n/d | 1.4x |
| Xplore Technologies Corp. | Zebra | 2018-07-05 | $90m | n/d | 1.0x |
| Echelon | Adesto Technologies Corp. | 2018-06-29 | $45m | n/d | 1.4x |
| CityFibre | Antin Infrastructure Partners (PE) | 2018-06-22 | $828m | n/d | n/d |
| Penguin Computing | SMART Supply Chain Services | 2018-06-11 | $85m | n/d | n/d |
| Metrologic Group | Sandvik | 2018-04-27 | $406m | n/d | 8.3x |
| CUES | SPX Technologies | 2018-04-23 | $189m | n/d | n/d |
| DTG2G | Delta Apparel | 2018-03-12 | $16m | n/d | n/d |
| Calix | Clearfield | 2018-02-21 | $10m | n/d | n/d |
| Accelerated Concepts | Digi | 2018-01-22 | $17m | n/d | n/d |
| Dialogic Corp. - Converged Communication Division | Sangoma | 2018-01-09 | $6m | n/d | n/d |
| Ethertronics | KYOCERA AVX | 2018-01-03 | $150m | n/d | n/d |
| Themis Computer | Mercury | 2017-12-21 | $180m | n/d | n/d |
| GroundProbe | Orica | 2017-12-20 | $146m | n/d | n/d |
| MiQASA | Smartron India Pvt. Ltd. | 2017-12-20 | $1m | n/d | n/d |
| D’Crypt Pte. Ltd. | StarHub | 2017-12-15 | $87m | n/d | n/d |
| Vrvana | Apple | 2017-11-21 | $30m | n/d | n/d |
| Telefonix | Astronics | 2017-10-27 | $104m | n/d | n/d |
| nuTonomy | Aptiv | 2017-10-24 | $450m | n/d | n/d |
| InspiRain Technologies Pte Ltd. | AEM | 2017-09-30 | $4m | n/d | n/d |
| Imagination Technologies Group | Canyon Bridge (PE) | 2017-09-22 | $847m | n/d | n/d |
| Landauer | Fortive | 2017-09-06 | $770m | n/d | 5.4x |
| Microscan Systems | OMRON Corp. | 2017-08-30 | $189m | n/d | n/d |
| AeroAntenna Technology | HEICO | 2017-08-18 | $317m | n/d | n/d |
| DIP Tech Ltd. | Ferro | 2017-08-02 | $60m | n/d | n/d |
| Numerex Corp. | Sierra Wireless | 2017-08-02 | $107m | n/d | 1.6x |
| ShoreTel | Mitel | 2017-07-27 | $430m | n/d | 1.2x |
| Corsair Communications | EagleTree Capital (PE) | 2017-07-26 | $525m | n/d | n/d |
| Robopolis SAS | iRobot | 2017-07-25 | $141m | n/d | n/d |
| iCOMS Detections SA | Quarterhill | 2017-07-18 | $1m | n/d | 0.6x |
| Sandvine | Sandvine | 2017-07-17 | $427m | n/d | n/d |
| AG Acquisition Corp. (dba Astro Gaming) | Logitech | 2017-07-11 | $85m | n/d | n/d |
| Keytroller LLC | PowerFleet | 2017-07-11 | $9m | 7.5x | 1.4x |
| MRV Communications | ADVA Optical Networking North America | 2017-07-02 | $69m | n/d | 0.8x |
| Attenti | Apax (PE) | 2017-06-01 | $200m | n/d | 2.1x |
| Delta Microwave | Mercury | 2017-04-03 | $41m | n/d | 3.2x |
| Norsat International | Hytera Communications Corporation | 2017-03-27 | $62m | 11.5x | 1.6x |
| Brocade Communications Systems | ARRIS International plc | 2017-02-22 | $800m | n/d | n/d |
| Servotronix Motion Control Ltd. | Midea Group | 2017-02-12 | $170m | n/d | n/d |
| Rauland-Borg Corp. | AMETEK | 2017-02-07 | $340m | n/d | 2.1x |
| ThingMagic | Novanta | 2017-01-05 | $20m | n/d | n/d |
| ISP Optics Corp. | LightPath Technologies | 2016-12-21 | $18m | n/d | n/d |
| Stanley Black & Decker | dormakaba Holding | 2016-12-21 | $725m | n/d | n/d |
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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