M&A Deal Summary

National Instruments Acquires Micropross SAS

On October 27, 2015, National Instruments acquired test/measurement equipment company Micropross SAS from Ardian

Acquisition Highlights
  • This is National Instruments’ 3rd transaction in the Test/Measurement Equipment sector.
  • This is National Instruments’ 1st transaction in France.

M&A Deal Summary

Date 2015-10-27
Target Micropross SAS
Sector Test/Measurement Equipment
Buyer(s) National Instruments
Sellers(s) Ardian
Deal Type Add-on Acquisition
Advisor(s) Stifel (Financial)
Latham & Watkins (Legal)

Target

Micropross SAS

Villeneuve d'Ascq, France
Micropross SAS is a provider of test and personalization solutions for the business of RFID, smartcard and NFC.

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Buyer(S) 1

Buyer

National Instruments

Austin, Texas, United States

Category Company
Founded 1976
Sector Test/Measurement Equipment
Employees7,000
Revenue 1.7B USD (2022)
DESCRIPTION
Entrance to National Instruments' corporate headquarters in Austin, Texas.
Entrance to National Instruments' corporate headquarters in Austin, Texas.

National Instruments designs, manufactures and sells systems to engineers and scientists that accelerate productivity, innovation and discovery. The Company's platform-based approach to engineering provides an integrated software and hardware platform that speeds the development of systems needing measurement and control. National Instruments was formed in 1976 and is based in Austin, Texas.


DEAL STATS #
Overall 6 of 11
Sector: Test/Measurement Equipment M&A 3 of 3
Type: Add-on Acquisition M&A Deals 6 of 10
Country: France M&A 1 of 1
Year: 2015 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 BEEcube

Fremont, California, United States

BEEcube, Inc. is a technology innovator and supplier of advanced all programmable real-time signal processing platforms used in communications, defense, education and research for real-time prototyping, academic research, military communications, surveillance/signal intelligence and advanced wireless research/5G and infrastructure deployment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 AWR

El Segundo, California, United States

AWR Corp. is a provider of high-frequency EDA software, dramatically reduces development time and cost for products employed in wireless, high-speed wired, broadband, aerospace and defense and electro-optical applications. AWR Corp. was founded in 1994 and is based in El Segundo, California.

Sell $160M

Seller(S) 1

SELLER

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 106 of 247
Sector: Test/Measurement Equipment M&A 1 of 3
Type: Add-on Acquisition M&A Deals 30 of 63
Country: France M&A 52 of 116
Year: 2015 M&A 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-19 Electronic Funds Source

Ogden, Utah, United States

Electronic Funds Source LLC is a provider of innovative and customized corporate payment technology solutions.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 RAC

Walsall, United Kingdom

RAC is an motoring organization offers roadside assistance to around 8.6 million members if their vehicles suffer a mechanical failure, fixing 80% of issues at the roadside. If the issue can’t be resolved then members will be offered a tow to a destination of the member’s choice. RAC is also an insurance broker, offering car, home, motorcycle and van and other specialist insurance using a panel of third-party underwriters to roadside members and non-members. RAC was founded in 1897 and is based in Walsall, United Kingdom.

Buy -