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Announced

Completed

Adaptas Solutions completed the acquisition of L3Harris' Applied Kilovolts and Analytical Instrumentation business.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Majority

Australia

Acquisition

Private Equity

contract manufacturing

spectrometry components

Electrical Components

Single Bidder

Private

Friendly

Synopsis

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Adaptas Solutions, a provider of mass spectrometry and analytical instrument contract design and manufacturing, completed the acquisition of L3Harris' Applied Kilovolts and Analytical Instrumentation business. Financial terms were not disclosed. "We are excited to complete the addition of these highly strategic assets which immediately expand our mass spectrometer component offerings and further establish Adaptas as a leading provider of components, subassemblies, and contract manufacturing to the global analytical instrumentation market. With the CeraMAXTM and Applied Kilovolts business units now a part of Adaptas, we look forward to continuing our commitment to driving market-leading innovation in the mass spectrometry market and to begin leveraging our new manufacturing presence in Europe to best support global OEM customers," Jay Ray, Adaptas Solutions President and CEO.

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