M&A Deal Summary

Bruker Acquires ELITech Group

On December 27, 2023, Bruker acquired medical products company ELITech Group from PAI Partners

Acquisition Highlights
  • This is Bruker’s 7th transaction in the Medical Products sector.
  • This is Bruker’s 1st transaction in France.

M&A Deal Summary

Date 2023-12-27
Target ELITech Group
Sector Medical Products
Buyer(s) Bruker
Sellers(s) PAI Partners
Deal Type Add-on Acquisition

Target

ELITech Group

Puteaux, France
ELITech Group provides a fully integrated diagnostics platform developing equipment and reagents with strong positions in niche and growing sub-segments of molecular diagnostics, microbiology, and clinical chemistry. It has developed a razor-razorblade model through the placement of diagnostic instruments which provide a resilient revenue stream from reagents, consumables, spare parts, and services. ELITech Group was founded in 1987 and is based in Puteaux, France.

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Buyer(S) 1

Buyer

Bruker

Billerica, Massachusetts, United States

Category Company
Founded 1991
Sector Test/Measurement Equipment
Employees9,707
Revenue 3.0B USD (2023)
DESCRIPTION

Bruker is a provider of high-performance scientific instruments and solutions for molecular and materials research, as well as for industrial and applied analysis. Bruker was founded in 1991 and is based in Billerica, Massachusetts.


DEAL STATS #
Overall 41 of 47
Sector (Medical Products) 7 of 7
Type (Add-on Acquisition) 36 of 42
Country (France) 1 of 1
Year (2023) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 Bruker Cellular Analysis

EmeryVille, California, United States

Bruker Cellular Analysis is a functional cell biology company that provides single-cell biology research tools to deliver deep insights into cellular function and new perspectives on phenomes and genotype-to-phenotype linkages. It enables scientists to reveal the most complete insights into cell function and obtain a full view of the behavior of each cell. Bruker Cellular Analysis was incorporated in 2011 and is based in EmeryVille, California.

Buy $108M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Nion

Kirkland, Washington, United States

Nion develops advanced scanning transmission electron microscopes (the UltraSTEM range) and other electron-optical instruments. The company designs and makes state-of-the-art cold field emission guns, aberration correctors, monochromators, sample stages, spectrometers, and detectors. Nion is based in Kirkland, Washington.

Buy -

Seller(S) 1

SELLER

PAI Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 16.2B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

PAI Partners is a European private equity firm that makes controlling equity investments in buyout transactions valued in excess of €300 million. PAI is particularly interested in 'investing in consolidating sectors and in markets where growth can be sustained through economic and financial market cycles.' Sectors of interest include consumer retail, professional distribution, building materials, infrastructure and utilities, media, IT, communications, food, consumer goods, healthcare, chemicals, automotive, aeronautics, paper & packaging, electrical appliances, and household equipment (heating, air-conditioning, security). The firms invest in the range of €100 - €300 million transaction. PAI was formed in 1998 and is based in Paris with additional offices in Madrid, Milan, Munich, Luxembourg, Copenhagen, and London.


DEAL STATS #
Overall 49 of 50
Sector (Medical Products) 2 of 2
Type (Add-on Acquisition) 18 of 18
Country (France) 24 of 24
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-24 Alphia

Denver, Colorado, United States

Alphia manufactures natural, functional, and organic foods and treats for dogs, cats, fish, and reptiles. With multiple, state-of-the-art manufacturing facilities centrally located in the heart of America’s breadbasket, it serves domestic and international markets with products of the quality standards available. Alphia was founded in 1985 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 Beautynova

Milan, Italy

Beautynova is a producer of hair care products with a modern research laboratory for the formulation of innovative professional products for the hairdressing industry. High-quality products and a global assistance service covering all stages of product development, production, and distribution have made Pool Service the supplier of choice for numerous international customers of the highest standing. Beautynova is based in Milan, Italy.

Buy -