Add-on Acquisition • Technology Hardware

Sandvik Acquires Metrologic Group

On April 27, 2018, Sandvik acquired technology hardware company Metrologic Group from Astorg Partners for 360M EUR

Acquisition Context
  • This is Sandvik’s 1st transaction in the Technology Hardware sector.
  • This is Sandvik’s largest (disclosed) transaction.
  • This is Sandvik’s 1st transaction in France.

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M&A Deal Summary

Date April 27, 2018
Target Metrologic Group
Sector Technology Hardware
Buyer(s) Sandvik
Sellers(s) Astorg Partners
Deal Type Add-on Acquisition
Deal Value 360M EUR

Target Company

Metrologic Group

Meylan, France
Metrologic Group is specializes in the designer and manufacturer of innovative leading edge 3D inspection software and electronics which run measurement machines used for dimensional control notably in the automotive, aeronautic, transport and medical sectors.
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Buyer Overview 1

Buyer

Sandvik

Stockholm, Sweden

Category Company
Founded 1862
Sector Engineering
Employees41,400
Revenue 122.9B SEK (2024)
DESCRIPTION

Sandvik operates as a global engineering company. Sandvik is a high-technology and global industrial group that produces products and services that enhance customer productivity, profitability, and safety. Sandvik was founded in 1862 and is based in Stockholm, Sweden.


Deal Context for Buyer #
Overall 10 of 62
Sector: Technology Hardware 1 of 2
Type: Add-on Acquisition 7 of 55
Country: France 1 of 1
Year: 2018 1 of 4
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-08 Hyperion M&T

Worthington, Ohio, United States

Hyperion M&T is a manufacturer of industrial tool component products using cemented carbide, cubic boron nitride, and synthetic diamond – high-quality materials known for their hardness and toughness. Hyperion M&T was founded in 2017 and is based in Worthington, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 INROCK Drilling

Houston, Texas, United States

INROCK Drilling, Inc. is a provider of a pilot hole bits, reamers, guidance systems, accessories and services for the premium maxi rig segment within HDD. INROCK Drilling was founded in 1993 and is based in Houston, Texas.

Buy -

Seller Profile 1

SELLER

Astorg Partners

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 22.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Astorg Partners is a private equity firm that targets small to midcap company investments primarily in France and to a limited extent, Western Europe. Astorg Partners looks for companies valued between €400 million and €2 billion, requiring at least €15 million in equity. Areas of interest include healthcare, retail, distribution, hospitality, and professional services. Prospective transaction situations include leverage build-ups, divestitures, family transitions, and secondary buyouts. Astorg Partners was formed in 1998 and is based in Paris and has additional offices in London and Luxembourg.


Deal Context for Seller #
Overall 23 of 35
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 5 of 8
Country: France 23 of 27
Year: 2018 1 of 2
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-09 Echosens

Paris, France

Echosens is a specialized diagnostic company providing non-invasive medical devices and services to support physicians in their diagnostic and monitoring of chronic liver diseases. Echosens was founded in 2001 and is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-07 IGM Resins

Waalwijk, Netherlands

IGM Resins develops, manufactures, and supplies photoinitiators, acrylates, and additives for the UV inks & coatings industry. The company also offers specialty intermediates for the pharmaceutical and agricultural industries. IGM Resins was established in 1999 and is based in Waalwijk, Netherlands.

Buy -