Industry Update: Industrial Machinery
VRC is proud to release its latest industry report. The report provides a concise, insightful update on the Industrial Machinery industry including recent transactions, market multiples, company performance and purchase price allocation percentages.
Industry Highlights
- On October 23, 2023, Watts Water Technologies, Inc., through its subsidiaries, one of the world’s leading manufacturers and providers of plumbing, heating and water quality products and solutions, announced that it completed the previously announced acquisition of Bradley Corporation (“Bradley”) for $303 million.
- On September 25, 2023, Enovis announced a definitive agreement to acquire LimaCorporate. The acquisition has an enterprise value of approximately $744 million, comprising a €700 million cash payment at closing and $106 million in shares of Enovis common stock. Lima is a global orthopedic company with diversified revenues that has grown at a high single-digit CAGR over the last 10 years.
Past Industry Updates
Industrial Machinery: June 2023
More Industry Reports
Building Material Distribution
Construction Machinery & Equipment
