M&A Deal Summary

FEI Company Acquires Aspex International

On January 9, 2012, FEI Company acquired test/measurement equipment company Aspex International from Element Partners for 31M USD

Acquisition Highlights
  • This is FEI Company’s 1st transaction in the Test/Measurement Equipment sector.
  • This is FEI Company’s 6th largest (disclosed) transaction.
  • This is FEI Company’s 5th transaction in the United States.
  • This is FEI Company’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2012-01-09
Target Aspex International
Sector Test/Measurement Equipment
Buyer(s) FEI Company
Sellers(s) Element Partners
Deal Type Add-on Acquisition
Deal Value 31M USD

Target

Aspex International

Delmont, Pennsylvania, United States
Aspex manufacturers proprietary analytical instruments sold into a number of industrial end markets, including: semi-conduction, steel fabrication, textiles and pulp/paper. The Company has developed many application-specific software packages that automate certain highly repetitive, time-consuming tasks.

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Buyer(S) 1

Buyer

FEI Company

Hillsbor, Oregon, United States
Category Company
Founded 1971
Sector Test/Measurement Equipment
Employees3,060
Revenue 930M USD (2015)
DESCRIPTION

FEI Company is a diversified scientific instruments company. It is a premier provider of electron- and ion-beam microscopes and solutions for nanoscale applications across many industries: industrial and academic materials research, life sciences, semiconductors, data storage, natural resources and more.

DEAL STATS #
Overall 7 of 13
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 5 of 11
State (Pennsylvania) 2 of 2
Country (United States) 5 of 7
Year (2012) 2 of 4
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 ASPEX

Delmont,, Pennsylvania, United States

ASPEX Corp. is a provider of rugged scanning electron microscopes (SEMs) and related services for environmentally demanding military, industrial and factory floor applications.

Buy $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-09 AP Tech

Seoul,, South Korea

AP Tech Corp is a supplier for FEI Company's products. Its products include scientific instruments, transmission electron microscopes and scanning electron microscopes (SEMs).

Buy $12M

Seller(S) 1

SELLER

Element Partners

Wayne, Pennsylvania, United States

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2005
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Element Partners is a specialist private equity firm focused on late-stage investments in alternative energy and clean technology companies. Target businesses are at or near profitability with experienced management. Sectors of interest include energy/power, water/environmental controls, chemicals/advanced materials, and manufacturing/industrial. Element Partners was formed in the year 2005 and is based in Radnor, Pennsylvania.

DEAL STATS #
Overall 14 of 25
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 9 of 16
State (Pennsylvania) 3 of 5
Country (United States) 13 of 22
Year (2012) 2 of 2
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-09 ASPEX

Delmont,, Pennsylvania, United States

ASPEX Corp. is a provider of rugged scanning electron microscopes (SEMs) and related services for environmentally demanding military, industrial and factory floor applications.

Sell $31M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-30 Soleras Advanced Coatings

Biddeford, Maine, United States

Soleras Advanced Coatings is a provider of advanced materials and solutions used in the deposition of thin film coatings.

Buy -
Mergr

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