Add-on Acquisition • Medical Products

Stratec Acquires Diatron MI

On March 23, 2016, Stratec acquired medical products company Diatron MI from Riverside

Acquisition Context
  • This is Stratec’s 1st transaction in the Medical Products sector.
  • This is Stratec’s 1st transaction in Hungary.

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M&A Deal Summary

Date March 23, 2016
Target Diatron MI
Sector Medical Products
Buyer(s) Stratec
Sellers(s) Riverside
Deal Type Add-on Acquisition

Target Company

Diatron MI

Budapest, Hungary
Diatron MI PLC is a developer, manufacturer and marketer of hematology analyzers, clinical chemistry analyzers, and associated reagents for human medical and veterinary use.
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Buyer Overview 1

Buyer

Stratec

Birkenfeld, Germany

Category Company
Founded 1979
Sector Medical Products
Employees1,473
Revenue 258M EUR (2024)
DESCRIPTION

Stratec is a designer and manufacturer of fully automated analyzer systems for its partners in the fields of clinical diagnostics and biotechnology. Stratec was founded in 1979 and is based in Birkenfeld, Germany.


Deal Context for Buyer #
Overall 1 of 2
Sector: Medical Products 1 of 1
Type: Add-on Acquisition 1 of 2
Country: Hungary 1 of 1
Year: 2016 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 Natech Plastics

Ronkonkoma, New York, United States

Natech designs and manufactures smart polymer-based consumables for customers in medical technology, in-vitro diagnostics, life sciences, consumer goods, and specialist packaging solutions. The company has state-of-the-art production capacities for injection molding and assembly, including cleanroom production. Natech is based in Ronkonkoma, New York.

Buy $30M

Seller Profile 1

SELLER

Riverside

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Riverside Company is a global private equity firm that seeks investments in profitable lower middle-market companies valued under $400 million. Riverside looks to invest in growth businesses headquartered in North America, Europe, and Asia (primarily Japan and South Korea), that have been in operation for at least five years. Riverside targets investments in a wide array of industries including distribution, automotive, healthcare, education, manufacturing, software, consumer services, plastics, publishing, food, communications, marine, and business services. Riverside was formed in 1988 and is based in New York City.


Deal Context for Seller #
Overall 109 of 209
Sector: Medical Products 9 of 14
Type: Add-on Acquisition 45 of 87
Country: Hungary 2 of 2
Year: 2016 3 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-17 Guestline

Shrewsbury, United Kingdom

Guestline is a provider of software for the hospitality sector. Guestline serves a broad customer base of independent hotels, hotel chains, pub companies and serviced apartments; delivering proprietary hospitality software solutions via the cloud. Guestline’s services essentially pay for themselves by driving up occupancy, average room rate and yield. Guestline is based in Shrewsbury, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-29 Bentley Laboratories

Edison, New Jersey, United States

Bentley Laboratories is a formulator, manufacturer, and packager of a wide range of cosmetic products, and serves as a certified manufacturer for major brands and a variety of niche brand marketers. Bentley Laboratories was founded in 1982 and is based in Edison, New Jersey.

Buy -