M&A Deal Summary

SpotSee Acquires Biosynergy

On January 24, 2022, SpotSee acquired test/measurement equipment company Biosynergy

Acquisition Highlights
  • This is SpotSee’s 1st transaction in the Test/Measurement Equipment sector.
  • This is SpotSee’s 2nd transaction in the United States.
  • This is SpotSee’s 2nd transaction in Illinois.

M&A Deal Summary
Date 2022-01-24
Target Biosynergy
Sector Test/Measurement Equipment
Buyer(s) SpotSee
Deal Type Add-on Acquisition

Target

Biosynergy

Elk Grove Village, Illinois, United States
Biosynergy is a developer of indicators which monitor temperature sensitive medical devices and pharmaceutical products. The company also distributes two other products specifically designed to assist in the protection and administration of temperature sensitive materials. Biosynergy is based in Elk Grove Village, Illinois.

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Buyer(S) 1

Buyer

SpotSee

Dallas, Texas, United States
Category Company
Founded 1976
Sector Technology Hardware
DESCRIPTION

SpotSee develops and manufactures shock, vibration, temperature, and other environmental condition monitoring solutions for in-transit, in-plant, and in-storage applications. The company offers a broad portfolio of branded products including indicator devices, RFID, Bluetooth, satellite, and cellular-connected devices that provide real-time tracking, monitoring, and reporting capabilities. SpotSee was founded in 1976 and is based in Dallas, Texas.

DEAL STATS #
Overall 2 of 3
Sector (Test/Measurement Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Illinois) 2 of 2
Country (United States) 2 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Hallcrest

Glenview, Illinois, United States

Hallcrest develops and manufactures color-changing temperature indication products. The Company offer a broad portfolio of irreversible and reversible temperature labels used to indicate temperature excursions across a wide range of industrial, transportation, medical device, sterilization, food, and printing applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-02 Marathon Products

San Leandro, California, United States

Marathon Products is a provider of temperature environmental sensors for low- and high-temperature applications, including monitoring the cold chain, wireless devices, connectivity to phone apps, and cloud gateways. The company supplies companies of all sizes and all around the globe with environmental sensor products. Marathon Products

Buy -
Mergr

Product

Company

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