M&A Deal Summary

Industrial Physics Acquires Sheen Instruments

On October 20, 2017, Industrial Physics acquired test/measurement equipment company Sheen Instruments from Checkit for 1M GBP

Acquisition Highlights
  • This is Industrial Physics’ 9th transaction in the Test/Measurement Equipment sector.
  • This is Industrial Physics’ largest (disclosed) transaction.
  • This is Industrial Physics’ 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2017-10-20
Target Sheen Instruments
Sector Test/Measurement Equipment
Buyer(s) Industrial Physics
Sellers(s) Checkit
Deal Type Divestiture
Deal Value 1M GBP

Target

Sheen Instruments

West Molesey, United Kingdom
website
Sheen Instruments Ltd. is a manufacturer and supplier of inspection and testing instruments used in the paint, coating, automotive and other industries.

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Buyer(S) 1

Buyer

Industrial Physics

New Castle, Delaware, United States

website


Category Company
Founded 2014
Sector Test/Measurement Equipment
DESCRIPTION

Industrial Physics manufacture and markets testing instruments worldwide for measuring physical and analytical properties of a wide range of materials, products, and packaging types including plastics, metals, barrier films, paper, corrugated materials, foil, ink, coatings, cans, medical devices, paints, and surfaces. Industrial Physics was formed in 2014 and is based in New Castle, Delaware.


DEAL STATS #
Overall 9 of 13
Sector (Test/Measurement Equipment) 9 of 12
Type (Divestiture) 1 of 1
Country (United Kingdom) 3 of 3
Year (2017) 6 of 7
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 Eagle Vision Systems B.V.

Naarden, Netherlands

Eagle Vision Systems B.V. has delivered high-precision computer vision systems to global companies seeking to deliver the highest quality to their customers. With its Basic Scout product line, Eagle Vision delivers highly-sensitive in-line inspection systems to the food, beverage and packaging industries. Eagle Vision is the market leader of inspection systems for the baby food supply chain and confectionary markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-24 TQC B.V.

Rotterdam, Netherlands

TQC B.V. is a manufacturer of lab equipment to test and inspect surface and adhesion properties of paint and coatings. TQC was founded in 1977 and is headquartered in Rotterdam, the Netherlands.

Buy -

Seller(S) 1

SELLER

Checkit

Cambridge, United Kingdom

website


Category Company
Founded 1948
Sector Electronics
Employees170
Revenue 13M GBP (2022)
DESCRIPTION

Checkit is a technology group that designs, manufactures and markets engineered products which are vital to a connected world. Checkit was founded in 1948 and is based in Cambridge, the United Kingdom.


DEAL STATS #
Overall 6 of 8
Sector (Test/Measurement Equipment) 3 of 4
Type (Divestiture) 5 of 7
Country (United Kingdom) 6 of 8
Year (2017) 3 of 3
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-31 Titman Tip Tools

Essex, United Kingdom

Titman Tip Tools Ltd. is a manufacturer of router cutters and have grown into a world-renowned brand at the forefront of cutting technology, offering the finest quality precision-made industrial tooling to customers worldwide.

Sell £500K
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-16 Queensgate Nano

Cambridge, United Kingdom

Queensgate is a specialist nanopositioning business. Queensgate Nano has delivered world leading, cost effective nanopositioning systems for over three decades. Queensgate research and development is based in Cambridge, UK, where our teams of engineers develop the next generation of world leading products.

Sell £1M