M&A Deal Summary

Veritas Capital Acquires Excelitas Technologies

On November 29, 2010, private equity firm Veritas Capital acquired technology hardware company Excelitas Technologies from Revvity for 500M USD

Acquisition Highlights
  • This is Veritas Capital’s 1st transaction in the Technology Hardware sector.
  • This is Veritas Capital’s 18th largest (disclosed) transaction.
  • This is Veritas Capital’s 11th transaction in the United States.
  • This is Veritas Capital’s 1st transaction in Massachusetts.
Investment Fate
  • Excelitas Technologies was sold to a consortium of financial buyers in 2017.

M&A Deal Summary

Date 2010-11-29
Target Excelitas Technologies
Sector Technology Hardware
Buyer(s) Veritas Capital
Sellers(s) Revvity
Deal Type Divestiture
Deal Value 500M USD

Target

Excelitas Technologies

Waltham, Massachusetts, United States
website
Excelitas Technologies is a global provider of photonics technology solutions. The Company’s components, modules and sub-systems enable its customers to develop unique, technology-driven products that serve a broad range of growing end markets. Excelitas’ core capabilities include expertise in detection, optics, illumination and advanced electronics. The Company primarily targets high-growth applications within the life sciences, industrial, semiconductor, consumer and defense and aerospace markets.

Search 192,723 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Veritas Capital

New York, New York, United States

website


Category Private Equity Firm
Founded 1992
PE ASSETS 40.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Veritas Capital is a private equity investment firm that targets investments in defense, aerospace, government services, media/telecommunications, consumer products, and specialty manufacturing companies. Veritas generally partners with management when pursuing investments. Prospective transaction situations include buyouts, growth capital investments, and leveraged recapitalizations. Veritas Capital was established in 1992 and is based in New York City.


DEAL STATS #
Overall 11 of 40
Sector (Technology Hardware) 1 of 3
Type (Divestiture) 4 of 18
State (Massachusetts) 1 of 4
Country (United States) 11 of 38
Year (2010) 3 of 3
Size (of disclosed) 18 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-13 Perspecta

Chantilly, Virginia, United States

Perspecta, Inc. is a provider of high impact, analytical and technical expertise in the areas of data analytics, system engineering, and integration and cyber security for the U.S. Government and commercial customers. Perspecta is based in Chantilly, Virginia.

Buy $815M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Vangent

Arlington, Virginia, United States

Vangent, Inc. is a premier provider of Consulting, Systems Integration, Human Capital Management and Business Process Outsourcing services to the U.S. federal and international governments, higher education institutions, student financial aid entities and corporations.

Sell $960M

Seller(S) 1

SELLER

Revvity

Waltham, Massachusetts, United States

website


Category Company
Founded 1937
Sector Medical Products
Employees11,000
Revenue 3.3B USD (2022)
DESCRIPTION

Revvity provides health science solutions, technologies, expertise and services that deliver complete workflows from discovery to development, and diagnosis to cure. Revvity is revolutionizing what’s possible in healthcare, with specialized focus areas in translational multi-omics technologies, biomarker identification, imaging, prediction, screening, detection and diagnosis, informatics and more. Revvity was formerly known as PerkinElmer. The Company was formed in 1937 and is based in Waltham, Massachusetts.


DEAL STATS #
Overall 7 of 11
Sector (Technology Hardware) 1 of 1
Type (Divestiture) 7 of 11
State (Massachusetts) 2 of 4
Country (United States) 7 of 11
Year (2010) 1 of 1
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-03 VisEn Medical

Bedford, Massachusetts, United States

VisEn’s in vivo fluorescence imaging technologies, including its Fluorescence Agent Portfolio and its Fluorescence Molecular Tomographic (FMTTM) Imaging Systems provide robust fluorescence molecular imaging performance in identifying, characterizing and quantifying ranges of disease biomarkers and therapeutic efficacy in vivo.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-14 Chemagen Biopolymer-Technologie AG

Baesweiler, Germany

chemagen Biopolymer-Technologie AG, a key player in the field of automated nucleic acid isolation, as part of the Company’s strategy to advance its offerings to the molecular diagnostics and research markets.

Buy -