M&A Deal Summary

Bluefors Acquires Cryomech

On February 28, 2023, Bluefors acquired machinery company Cryomech

Acquisition Highlights
  • This is Bluefors’ 1st transaction in the Machinery sector.
  • This is Bluefors’ 1st transaction in the United States.
  • This is Bluefors’ 1st transaction in New York.

M&A Deal Summary
Date 2023-02-28
Target Cryomech
Sector Machinery
Buyer(s) Bluefors
Deal Type Add-on Acquisition

Target

Cryomech

Syracuse, New York, United States
Cryomech is a provider in the design and manufacture of cryocoolers and other cryogenic product lines. The Company serves industries such as: Quantum Information Science & Technology, Medical & Life Sciences, Clean Energy, and Ultra Low Temperature Physics. Cryomech was founded in 1963 and is based in Syracuse, New York.

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Buyer(S) 1

Buyer

Bluefors

Helsinki, Finland
Category Company
Founded 2008
Sector Machinery
Employees270
Revenue 100M EUR (2021)
DESCRIPTION

Bluefors is a manufacturer of cryogenic measurement systems which are used in the development of quantum computers and fundamental research. Bluefors was founded in 2008 and is headquartered in Helsinki, Finland.

DEAL STATS #
Overall 1 of 2
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-25 Rockgate

Tokyo, Japan

Rockgate is a distributor of cryogenic equipment that provides users with a wide range of scientific research equipment, including cryogenic and vacuum equipment. Rockgate was founded in 1999 and is based in Tokyo, Japan.

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