Spectris Acquires SciAps Incorporated
Spectris plc acquired SciAps Incorporated. Based in Boston, Massachusetts, SciAps is specialist provider of handheld instruments leveraging X-ray fluorescence (XRF) and Laser Induced Breakdown Spectroscopy (LIBS) techniques for materials analysis. Its strong culture of innovation and differentiated handheld technology has enabled it to develop a strong presence in its market over recent years and an attractive pipeline of new products.
SciAps instruments identify compounds, minerals and elements in materials in major industries and high-growth end markets including those relevant to the circular economy and energy transition such as: mining; metal recycling; battery materials; rare earth metals; manufacturing; food; and agriculture.
For year ending 31 December 2024, SciAps is expected to deliver sales of $70 million (£55 million), representing an historic 5-year revenue CAGR of over 30%, and adjusted EBITDA of $12.1 million (£9.5 million). The combination is expected to conservatively generate synergies of around $6 million (£4.7 million) which, when applied to the expected outturn for 2024, represents an EV/EBITDA multiple of c.14 times, with sustained future growth expected to be significantly ahead of our financial framework of 6-7%, further reducing the forward multiple.
The acquisition of SciAps, which will be integrated into Malvern Panalytical in Spectris Scientific
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Topic World Spectroscopy
Investigation with spectroscopy gives us unique insights into the composition and structure of materials. From UV-Vis spectroscopy to infrared and Raman spectroscopy to fluorescence and atomic absorption spectroscopy, spectroscopy offers us a wide range of analytical techniques to precisely characterize substances. Immerse yourself in the fascinating world of spectroscopy!
Topic World Spectroscopy
Investigation with spectroscopy gives us unique insights into the composition and structure of materials. From UV-Vis spectroscopy to infrared and Raman spectroscopy to fluorescence and atomic absorption spectroscopy, spectroscopy offers us a wide range of analytical techniques to precisely characterize substances. Immerse yourself in the fascinating world of spectroscopy!
