Spectris Acquires SciAps Incorporated

23-Aug-2024
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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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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!

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Topic World 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!

70+ products
40+ whitepaper
60+ brochures