Excelitas Technologies - M&A Summary, Ownership, and Business Overview

Technology HardwareCompany

Excelitas Technologies M&A Summary

Excelitas Technologies has acquired 9 companies of its own, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2024, when it sold Excelitas - Select Aerospace and Defense Electronics Businesses to Teledyne Technologies for $710M. Excelitas Technologies has acquired in 3 different US states, and 4 countries. The Company’s most targeted sectors include electrical equipment (43%) and electronics (29%).

Excelitas Technologies Ownership

Who owns Excelitas Technologies?

Excelitas Technologies is owned by AEA Investors. It was acquired on October 18, 2017.

Is Excelitas Technologies PE-backed?

Yes. Excelitas Technologies is owned by private equity investor AEA Investors.

Was Excelitas Technologies formerly PE-backed?

Yes. Excelitas Technologies was formerly owned by 1 private investor.

Excelitas Technologies Business Overview

Where is Excelitas Technologies headquartered?

Excelitas Technologies is headquartered in Waltham, Massachusetts.

How many employees does Excelitas Technologies have?

Excelitas Technologies has 3,000 employees.

What sector is Excelitas Technologies in?

Excelitas Technologies is a technology hardware company.

When was Excelitas Technologies founded?

Excelitas Technologies was founded in 1931.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity7
    • M&A Sell Activity1
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 8
  • M&A Advisors 3

Excelitas Technologies

Excelitas Technologies Corp.

200 West Street, Suite E403,
Waltham, Massachusetts 02451
United States,
www.excelitas.com

Excelitas Technologies is a global provider of photonics technology solutions. The Company’s components, modules and sub-systems enable its customers to develop unique, technology-driven products that serve a broad range of growing end markets. Excelitas’ core capabilities include expertise in detection, optics, illumination and advanced electronics. The Company primarily targets high-growth applications within the life sciences, industrial, semiconductor, consumer and defense and aerospace markets. Excelitas Technologies was founded in 1931 and is based in Waltham, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 4 1 1 - 1 - 7
Sell (0.2/yr) # - - - - - 1 1
vol $710M $710M
  8

Most Recent M&A

Company Date Value Type
Excelitas - Select Aerospace and Defense Electronics Businesses 2024-11-06 710M USD Divestiture
, United States
Heraeus Noblelight GmbH 2023-09-15 - Divestiture
Hanau, Germany
PCO AG 2021-06-28 - Add-on Acquisition
Kelheim, Germany · www.pco.de
Silicon Power Corp. - SolidTRON Product Line 2020-09-28 - Divestiture
Malvern, Pennsylvania
AXSUN Technologies, Inc. 2018-12-12 - Divestiture
Billerica, Massachusetts · www.axsun.com
Lumen Dynamics Group, Inc. 2013-11-12 - Add-on Acquisition
Mississauga, Ontario · www.ldgi.com
Qioptiq Group 2013-09-30 - Add-on Acquisition
Kroll, Luxembourg · www.qioptiq.com
Carsan Engineering, Inc. 2012-03-06 - Add-on Acquisition
Golden, Colorado · www.carsaneng.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Electrical Equipment 3 (43%) - - -
Electronics 2 (29%) - - -
Manufacturing 1 (14%) - - -
Semiconductors 1 (14%) - - -
Technology Hardware - - 1 (100%) 710M (100%)
Total 7 - 1 $710M

By Geo

State/Country Buy Value Sell Value
United States 3 - 1 710M
  Pennsylvania 1 - - -
  Massachusetts 1 - - -
  Colorado 1 - - -
Germany 2 - - -
Canada 1 - - -
  Ontario 1 - - -
Luxembourg 1 - - -
Domestic 3 (43%) - 1 (100%) 710M (100%)
Cross-border 4 (57%) - - -
Total 7 - 1 $710M

Top M&A Advisors

Financial Deals
Harris Williams & Co.
1
Evercore Group
1
Legal Deals
Fried Frank Harris Shriver & Jacobson
1

Deal Values

sell # Total
$100M to $1B 1 $710M
TOTAL $710M
Largest Excelitas - Select Aerospace and Defense Electronics Businesses
$710M (2024-11-06)

M&A Connections

Deals
Acquired from
Investor(s)
29%
2 (29%)
Strategic(s)
43%
3 (43%)
Divested to
Strategic(s)
100%
1 (100%)

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