M&A Deal Summary

Sotera Health Acquires Iotron Industries Canada

On August 3, 2020, Sotera Health acquired machinery company Iotron Industries Canada

Acquisition Highlights
  • This is Sotera Health’s 1st transaction in the Machinery sector.
  • This is Sotera Health’s 2nd transaction in Canada.
  • This is Sotera Health’s 1st transaction in British Columbia.

M&A Deal Summary
Date 2020-08-03
Target Iotron Industries Canada
Sector Machinery
Buyer(s) Sotera Health
Deal Type Add-on Acquisition

Target

Iotron Industries Canada

Port Coquitlam, British Columbia, Canada
Iotron Industries is a provider of Electron Beam processing services and equipment, with locations in Indiana, USA, and British Columbia and Edmonton, Canada. Iotron’s IMPELA Electron Beam Accelerators harness technology to modify the physical, chemical, molecular, and biological properties of materials and products. Iotron Industries was formed in 1989 and is based in Port Coquitlam, British Columbia.

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Buyer(S) 1

Buyer

Sotera Health

Broadview Heights, Ohio, United States
Category Company
Founded 2015
Sector Healthcare Services
Employees3,000
Revenue 1.0B USD (2023)
DESCRIPTION

Sotera Health along with its business entities provides integrated protector of global health. With over 500 years of combined scientific expertise, the company ensures the safety of healthcare by providing mission-critical services to the medical device, pharmaceutical, tissue, and food industries. Sotera Health operates 61 facilities in 13 countries. The company has over 2,600 employees globally and touches the lives of more than 180 million people around the world each year. Sotera Health serves more than 5,000 customers worldwide, including 75 of the top 100 medical device manufacturers. Sotera Health was formed in 2015 and is based in Broadview Heights, Ohio.

DEAL STATS #
Overall 9 of 9
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 7 of 7
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-08 Gibraltar Laboratories

Fairfield, New Jersey, United States

Gibraltar Laboratories, Inc. is a provider of microbiology and analytical chemistry testing for pharmaceutical and medical device manufacturers. Gibraltar Laboratories was founded in 1970 and is based in Fairfield, New Jersey.

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