M&A
confidence high
sentiment positive
materiality 0.85
Bruker agrees to acquire ELITechGroup for €870M enterprise value; Q2 2024 close expected
BRUKER CORP
- Enterprise Value of €870 million; cash purchase price with cash on hand.
- Target projected 2023 revenue of €150M, majority recurring; accretive to non-GAAP EPS in FY2024.
- Put option exercisable after French and Dutch works council consultations; 12-month exclusivity.
- Bruker provided equity commitment letter and secured W&I insurance for seller reps.
- Acquisition is subject to regulatory approvals and carve-out of clinical chemistry business.