Spectris acquires Piezocryst Advanced Sensorics from AVL List for EUR 133.5 million

LONDON (dpa-AFX) – Spectris plc (SEPJF.PK, SXS.L), a supplier of precision instruments and controls, on Thursday announced the acquisition of Piezocryst Advanced Sensorics GmbH from AVL List GmbH for EUR 133.5 million or £112.2 million.

The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close around year-end.

Based in Graz, Austria, Piezocryst is a piezoelectric sensor supplier specializing in high-precision pressure sensors and accelerometers for demanding applications. Piezocryst is expected to generate revenues of EUR 27.5 million or £23.1 million in 2024 and an EBITDA margin of approximately 30%.

The acquisition is immediately positive for both Spectris Dynamics and Group margins. The combination is expected to generate €4.8 million or £4.0 million in additional EBITDA from synergies by 2027.

Following the acquisition, Piezocryst will become part of the Spectris Dynamics division and integrated into HBK operations, expanding HBK’s existing product range.

The company expects Piezocryst’s sensor technology to enhance Spectris Dynamics’ customer offerings in the automotive, aerospace, defense, energy and industrial markets. Piezocryst will also benefit from leveraging HBK’s global sales and service network.

For Spectris, the acquisition fits well with its strategy to create a high-quality offering of pressure and vibration sensors with Spectris Dynamics, building on the previous acquisitions of Dytran and MicroStrain.

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