Waters - M&A Summary and Business Overview

Test/measurement EquipmentCompany

Waters M&A Summary

Waters has acquired 11 companies, including 2 in the last 5 years. A total of 2 acquisitions came from private equity firms.

Waters’ largest acquisition to date was in 2023, when it acquired Wyatt Technology for $1.4B. Waters has acquired in 7 different US states, and 3 countries. The Company’s most targeted sectors include medical products (37%) and software (19%).

Waters Business Overview

Where is Waters headquartered?

Waters is headquartered in Milford, Massachusetts.

What is Waters’ revenue?

Waters disclosed revenue of 2,956M USD for 2023 and 2,972M USD for 2022.

How many employees does Waters have?

Waters has 7,900 employees.

What sector is Waters in?

Waters is a test/measurement equipment company.

When was Waters founded?

Waters was founded in 1958.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity11
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 2
  • M&A Advisors 1

Waters

Waters Corp.

34 Maple Street,
Milford, Massachusetts 01757
United States,
(508) 478-2000
www.waters.com

Waters is a manufacturer of high and ultra-high performance liquid chromatography and mass spectrometry instruments. It offers thermal analysis, rheometry, and calorimetry instruments and supplies software based products to interface with the company's and other manufacturers' instruments. Waters was formed in 1958 and is based in Milford, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 9 - - 1 1 - 11
vol $221M $1.4B $1.6B
Sell (0.0/yr) # - - - - - - 0
  11

Most Recent M&A

Company Date Value Type
Wyatt Technology Corp. 2023-02-15 1.4B USD Add-on Acquisition
Santa Barbara, California · www.wyatt.com
Megadalton Solutions, Inc. 2022-02-01 - Add-on Acquisition
Bloomington, Indiana · www.megadaltonsolutions.com
MediMass Ltd. 2014-07-22 - Add-on Acquisition
Budapest, Hungary · www.medimass.com
Nonlinear Dynamics Ltd. 2013-08-07 - Add-on Acquisition
Newcastle upon Tyne, United Kingdom · www.nonlinear.com
Thar Instruments, Inc. 2009-02-02 - Stake Purchase
Pittsburgh, Pennsylvania
Analytical Products Group, Inc. 2008-12-15 - Add-on Acquisition
Belpre, Ohio
Thar Instruments, Inc. 2007-06-05 - Add-on Acquisition
Pittsburgh, Pennsylvania
Environmental Resource Associates, Inc. 2006-11-21 - Add-on Acquisition
Golden, Colorado · www.eraqc.com
VICAM 2006-03-01 - Add-on Acquisition
Watertown, Massachusetts · www.vicam.com
NuGenesis Technologies Corp. 2004-03-05 43M USD Add-on Acquisition
Westborough, Massachusetts · www.nugenesis.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Medical Products 4 (36%) - - -
Electrical Equipment 2 (18%) - - -
Life Science 2 (18%) 178M (11%) - -
Software 2 (18%) 43M (3%) - -
Technology Hardware 1 (9%) 1.4B (86%) - -
Total 11 $1.6B - -

By Geo

State/Country Buy Value Sell Value
United States 9 1.6B - -
  Pennsylvania 2 - - -
  Massachusetts 2 43M - -
  California 1 1.4B - -
  Ohio 1 - - -
  Indiana 1 - - -
  Colorado 1 - - -
Hungary 1 - - -
United Kingdom 1 - - -
Domestic 9 (82%) 1.6B (100%) - -
Cross-border 2 (18%) - - -
Total 11 $1.6B - -

Top M&A Advisors

Legal Deals
Kirkland & Ellis
1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 1 $178M
< $100M 1 $43M
TOTAL $1.6B
Largest Wyatt Technology Corp.
$1.4B (2023-02-15)

M&A Connections

Deals
Acquired from
Investor(s)
18%
2 (18%)

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