Luna - M&A Summary and Business Overview

Test/measurement EquipmentCompany

Luna M&A Summary

Luna has acquired 6 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

Luna’s largest acquisition to date was in 2020, when it acquired OptaSense for $45M. It’s largest disclosed sale occurred in 2017, when it sold Luna Innovations - High-Speed Optical Receivers Technology to MACOM Technology Solutions for $30M. Luna has acquired in 3 different US states, and 3 countries. The Company’s most targeted sectors include test/measurement equipment (50%) and technology hardware (34%).

Luna Business Overview

Where is Luna headquartered?

Luna is headquartered in Roanoke, Virginia.

What is Luna’s revenue?

Luna disclosed revenue of 83M USD for 2020 and 71M USD for 2019.

How many employees does Luna have?

Luna has 385 employees.

What sector is Luna in?

Luna is a test/measurement equipment company.

When was Luna founded?

Luna was founded in 1990.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity6
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 6
  • M&A Advisors 5

Luna

Luna Innovations, Inc.

301 1st Street, SW Suite 200,
Roanoke, Virginia 24011
United States,
(540) 769-8400
www.lunainc.com

Luna is an optical technology, providing unique capabilities in high speed optoelectronics and high performance fiber optic test products for the telecommunications industry and distributed fiber optic sensing for the aerospace and automotive industries. Luna was founded in 1990 and is based in Roanoke, Virginia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 2 2 - 1 1 - 6
vol $20M $45M $23M $22M $109M
Sell (0.2/yr) # 1 - - 1 - - 2
vol $30M $21M $51M
  8

Most Recent M&A

Company Date Value Type
Silixa Ltd. 2023-12-21 22M USD Add-on Acquisition
Hertfordshire, United Kingdom · www.silixa.com
LIOS Technology GmbH 2022-03-14 23M EUR Divestiture
Cologne, Germany · lios.nktphotonics.com
Luna Labs USA 2022-03-14 21M USD Divestiture
Charlottesville, Virginia · www.lunalabs.us
OptaSense Ltd. 2020-12-03 45M GBP Divestiture
Hampshire, United Kingdom · www.optasense.com
New Ridge Technologies LLC 2020-11-02 - Add-on Acquisition
Owings Mills, Maryland · www.newridgetech.com
General Photonics Corp. 2019-03-04 20M USD Add-on Acquisition
Chino, California · www.generalphotonics.com
Micron Optics, Inc. 2018-10-16 - Add-on Acquisition
Atlanta, Georgia · www.micronoptics.com
Luna Innovations, Inc. - High-Speed Optical Receivers Technology 2017-08-09 30M USD Divestiture
Roanoke, Virginia
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Test/Measurement Equipment 3 (50%) 43M (39%) 1 (50%) 30M (58%)
Technology Hardware 2 (33%) 45M (41%) - -
Electronics 1 (17%) 22M (20%) - -
Chemicals - - 1 (50%) 21M (42%)
Total 6 $109M 2 $51M

By Geo

State/Country Buy Value Sell Value
United States 3 20M 2 51M
  Virginia - - 2 51M
  Maryland 1 - - -
  Georgia 1 - - -
  California 1 20M - -
United Kingdom 2 66M - -
Germany 1 23M - -
Domestic 3 (50%) 20M (18%) 2 (100%) 51M (100%)
Cross-border 3 (50%) 89M (82%) - -
Total 6 $109M 2 $51M

Top M&A Advisors

Financial Deals
B. Riley FBR, Inc.
 1
Needham & Co. LLC
 1
Stifel, Nicolaus & Co., Inc.
 1
Legal Deals
Cooley LLP
 4
Woods Rogers Vandeventer Black
 1

Deal Values

buy # Total
< $100M 4 $109M
TOTAL $109M
Largest OptaSense Ltd.
$45M (2020-12-03)
sell # Total
< $100M 2 $51M
TOTAL $51M
Largest Luna Innovations, Inc. - High-Speed Optical Receivers Technology
$30M (2017-08-09)

M&A Connections

Deals
Acquired from
Investor(s)
17%
1 (17%)
Strategic(s)
33%
2 (33%)
Divested to
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Test/Measurement Equipment

Revenue

83   17% 2020
71   66% 2019
43   7% 2018
46   23% 2017
59   35% 2016
44   110% 2015
21   2014
(millions of USD) Show More Show Less

Employees

385

Established

1990

Public

NASDAQ: LUNA

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