Test/Measurement Equipment
Who acquires Test/Measurement Equipment companies
57 distinct acquirers across 89 recorded transactions, 2014 to 2026. Every buyer below has completed at least one acquisition in this sector.
Top 10 acquirers of Test/Measurement Equipment 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 |
|---|---|---|
| Transcat | 7 | 2025 |
| AMETEK | 4 | 2025 |
| Spectris | 4 | 2024 |
| VPG | 4 | 2021 |
| Premier Technical Services Group | 4 | 2018 |
| Eurofins Scientific | 3 | 2018 |
| Judges Scientific | 3 | 2016 |
| Onto Innovation Inc. | 2 | 2026 |
| Dover | 2 | 2025 |
| TestEquity | 2 | 2022 |
Counted from 89 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 Test/Measurement Equipment 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 |
|---|---|---|---|---|---|
| Rigaku Holdings Corporation | Onto Innovation Inc. | 2026-08-10 | $720m | n/d | n/d |
| Duos Technologies | Sandbank Acosta | 2026-08-05 | n/d | n/d | n/d |
| Electro-Sensors | steute Industrial Controls | 2026-07-30 | n/d | n/d | n/d |
| Eddyfi Holding Inc. | ESAB Corporation | 2026-06-01 | $1.4bn | n/d | n/d |
| NIRLAB SA | 908 Devices Inc. | 2026-05-04 | $15m | n/d | n/d |
| Precision Sensors & Instrumentation | Crane Company | 2026-01-01 | $1.1bn | n/d | n/d |
| Semilab USA LLC | Onto Innovation Inc. | 2025-11-17 | $495m | n/d | n/d |
| Scientific Industries Genie Division | Troemner | 2025-08-07 | $10m | n/d | n/d |
| Essco Calibration Laboratory | Transcat | 2025-08-05 | $84m | n/d | 3.8x |
| FARO Technologies | AMETEK | 2025-07-21 | $920m | n/d | 2.7x |
| Sikora | Dover | 2025-05-05 | $620m | n/d | n/d |
| 908 Devices bioprocessing desktop device business | Repligen Corporation | 2025-03-04 | $70m | n/d | n/d |
| Martin Calibration | Transcat | 2024-12-10 | $79m | n/d | n/d |
| Piezocryst | Spectris | 2024-09-05 | $150m | n/d | 4.9x |
| Micromeritics | Spectris | 2024-07-16 | $630m | n/d | n/d |
| Raptor Scientific | TransDigm Group | 2024-05-28 | $655m | n/d | n/d |
| FW Murphy | Dover | 2023-10-04 | $530m | n/d | 4.4x |
| Alliance | Transcat | 2022-06-01 | $5m | n/d | 1.9x |
| NTE | TestEquity | 2022-06-01 | $8m | n/d | n/d |
| Interworld Highway | TestEquity | 2022-05-02 | $55m | n/d | n/d |
| LIOS Sensing | Luna | 2022-03-14 | $23m | n/d | n/d |
| TEWA Temperature Sensors | CTS | 2022-02-28 | $24m | n/d | n/d |
| Tangent Labs | Transcat | 2021-12-31 | $9m | n/d | n/d |
| Spectris - NDC Technologies Business | Nordson | 2021-08-24 | $180m | n/d | n/d |
| DTS | VPG | 2021-06-01 | $47m | n/d | 1.5x |
| Bacharach | MSA | 2021-05-24 | $337m | n/d | n/d |
| NSI-MI Technologies | AMETEK | 2021-05-04 | $230m | n/d | 2.6x |
| Myriad Autoimmune's Vectra Testing Business | LabCorp | 2021-05-03 | $150m | n/d | n/d |
| Unchained Labs | The Carlyle Group (PE) | 2021-04-26 | $435m | n/d | n/d |
| Analytical Technology | Badger Meter | 2021-01-08 | $44m | n/d | 2.0x |
| BioTek Services | Transcat | 2020-12-16 | $4m | n/d | 1.7x |
| s::can GmbH | Badger Meter | 2020-11-03 | $30m | n/d | n/d |
| Reliable Analysis | Applus+ | 2020-09-30 | $76m | n/d | 2.8x |
| Advanced Instruments | Patricia Industries (PE) | 2020-09-28 | $780m | n/d | 10.8x |
| Perceptron | Atlas Copco | 2020-09-28 | $69m | 51.4x | 1.0x |
| Global Measurement Technologies | Entegris | 2020-07-10 | $36m | n/d | n/d |
| Dynamic Systems | VPG | 2019-11-04 | $41m | n/d | n/d |
| Diagnosys Test Systems Ltd. | Astronics | 2019-10-04 | $7m | n/d | n/d |
| Freedom Communication Technologies | Astronics | 2019-07-01 | $22m | n/d | n/d |
| 3M Co. - Gas & Flame Detection Business | Teledyne Technologies | 2019-06-05 | $230m | n/d | n/d |
| General Photonics Corp. | Luna | 2019-03-04 | $20m | n/d | n/d |
| Spectro Scientific | AMETEK | 2018-11-27 | $190m | n/d | 3.8x |
| Guardian Electrical Compliance Ltd. | Premier Technical Services Group | 2018-10-16 | $18m | n/d | n/d |
| TestAmerica Environmental Services LLC | Eurofins Scientific | 2018-10-01 | $175m | n/d | 0.8x |
| Angels Instrumentation | Transcat | 2018-09-04 | $5m | n/d | 1.2x |
| Xcerra | Cohu | 2018-05-08 | $627m | n/d | n/d |
| Textron | Emerson | 2018-04-18 | $810m | n/d | n/d |
| Auburn FilterSense LLC | Nederman | 2018-03-28 | $8m | n/d | 1.3x |
| Cobham plc - AvComm and Wireless Test and Measurement Businesses | VIAVI | 2018-03-16 | $455m | n/d | n/d |
| Falcon Flowback Services | Oil States International | 2018-02-28 | $85m | n/d | n/d |
| Queensgate Nano | Prior Scientific Instruments Ltd. | 2018-02-16 | $2m | n/d | n/d |
| Cooper-Atkins Corp. | Emerson | 2017-12-20 | $248m | n/d | n/d |
| EAG Laboratories | Eurofins Scientific | 2017-12-04 | $780m | n/d | 3.5x |
| Trescal | OMERS Private Equity (PE) | 2017-11-14 | $755m | n/d | 2.5x |
| Sheen Instruments Ltd. | Industrial Physics | 2017-10-20 | $2m | n/d | 0.4x |
| Luna Innovations | Macom Technology Solutions | 2017-08-09 | $30m | n/d | n/d |
| Cobalt Light Systems Ltd. | Agilent | 2017-07-07 | $62m | n/d | n/d |
| MOCON | AMETEK | 2017-04-17 | $182m | 18.2x | 2.9x |
| Daylight Solutions | Leonardo | 2017-03-07 | $150m | n/d | n/d |
| Nimbus Lightning Protection Ltd. | Premier Technical Services Group | 2017-01-16 | $2m | n/d | 1.0x |
| Astles Control Systems Ltd. | SDI Group | 2016-12-19 | $5m | n/d | n/d |
| Exova Group - Environmental East Business | Eurofins Scientific | 2016-12-05 | $10m | n/d | 0.7x |
| EWB Solutions Ltd. | Judges Scientific | 2016-11-29 | $3m | n/d | n/d |
| Kita Manufacturing Co. Ltd. | Cohu | 2016-11-15 | $15m | n/d | n/d |
| Electro-Science Laboratories | Ferro | 2016-11-01 | $75m | n/d | n/d |
| Absolute Analysis | EXFO | 2016-10-31 | $8m | n/d | n/d |
| Implant Sciences Corp. | L-3 Communications | 2016-10-10 | $118m | n/d | n/d |
| Discom GmbH | Spectris | 2016-07-28 | $18m | n/d | n/d |
| Imugen | Oxford Immunotec Global PLC | 2016-06-23 | $22m | n/d | n/d |
| American Science & Engineering | OSI Systems | 2016-06-21 | $187m | n/d | 1.8x |
| Electro Rent | Platinum Equity (PE) | 2016-05-31 | $323m | 20.2x | 1.6x |
| Dia-Stron Ltd. | Judges Scientific | 2016-04-01 | $4m | n/d | n/d |
| Pacific Instruments | VPG | 2016-03-31 | $11m | n/d | n/d |
| Newport Corp. | MKS Instruments | 2016-02-23 | $980m | 13.8x | 1.6x |
| CoolLED Ltd. | Judges Scientific | 2016-02-18 | $5m | n/d | 1.2x |
| Stress-Tek | VPG | 2016-01-04 | $20m | n/d | n/d |
| Spectrum Technologies | Transcat | 2015-12-30 | $11m | n/d | n/d |
| Qualmark Corp. | ESPEC | 2015-12-28 | $13m | n/d | n/d |
| Access Contracting Ltd. (dba Access Testing) | Premier Technical Services Group | 2015-12-01 | $2m | n/d | 1.3x |
| R. Langston Jones & Co. Ltd. | Premier Technical Services Group | 2015-11-11 | $1m | n/d | 0.7x |
| Sentek Ltd. | SDI Group | 2015-10-29 | $3m | n/d | n/d |
| Professional Service Industries | Intertek | 2015-10-14 | $330m | n/d | n/d |
| Mirion | Charterhouse Capital Partners (PE) | 2015-04-08 | $750m | n/d | n/d |
| Digi-Star LLC | Topcon Positioning Systems | 2015-03-23 | $133m | n/d | n/d |
| ReVera | Nova | 2015-03-12 | $47m | n/d | n/d |
| Engineering Seismology Group Canada Inc. | Spectris | 2014-12-11 | $49m | n/d | n/d |
| Perten Instruments Group AB | Revvity | 2014-11-24 | $266m | n/d | n/d |
| Custom Sensors & Technologies | The Carlyle Group (PE) | 2014-10-13 | $900m | n/d | n/d |
| MK Test Systems | Synova (PE) | 2014-09-08 | $31m | n/d | n/d |
n/d means not disclosed. Most transactions close without a published multiple, which is why the disclosed count matters more than the median.
Who owns Software & Internet companies
On PEStore, Test/Measurement Equipment 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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