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 December 14, 2023, IDEX Corporation completed the $206 million acquisition of Super Technical Ceramics Corp., an integrated provider of advanced material science solutions, from Artemis Capital Partners Management. STC specializes in the design and manufacturing of technical ceramics and hermetic sealing products for the most extreme, mission critical applications.
- On January 3, 2024, Fortive Corporation announced that it completed its $1.6 billion acquisition of EA Elektro-Automatik Holding GmbH, enhancing Fortive’s position in electronic test & measurement solutions within its Precision Technologies segment. EA specializes in high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications.
Past Industry Updates
Industrial Machinery: October 2023