Spectris plc, a UK-based leader in high-precision measurement and sensing solutions, has announced its acquisition of Piezocryst Advanced Sensorics GmbH (Piezocryst), a Graz, Austria-based manufacturer of premium piezoelectric sensors. Valued at €133.5 million (£112.2 million), the acquisition strengthens Spectris’ portfolio in high-temperature, high-precision sensing technologies for demanding applications.
These products have gained recognition for their ability to enhance performance in advanced engine testing, industrial machinery optimization, and other mission-critical applications. By integrating Piezocryst into its HBK business unit within the Spectris Dynamics Division, Spectris aims to broaden its offerings across automotive, aerospace, energy, and industrial sectors. Leveraging HBK’s extensive global sales and service network, Piezocryst is well-positioned to expand its market presence while contributing to Spectris’ vision of leading in premium pressure and vibration sensing technologies.
The acquisition remains subject to customary completion conditions and regulatory approvals, with closure expected by the end of the year.
Andrew Heath, Chief Executive of Spectris, noted, “Piezocryst is a proven, high-quality business that we have long admired and will broaden our customer offering through its unique and cutting-edge technology, enabling us to further penetrate the high-temperature, high-precision sensor markets. We are delighted to welcome Piezocryst to the Group.
“Together with the recently completed acquisitions of SciAps and Micromeritics, 2024 has been a strong year for acquisitions and underpins our commitment to generating long-term shareholder value through disciplined use of our capital. We are focused on delivering on the significant potential of these businesses, including the realization of synergies, aligned with our strategy to compound growth through value-enhancing M&A.”
The acquisition aligns with Spectris’ strategic focus on building a comprehensive portfolio of high-performance sensing solutions. Piezocryst’s expertise complements Spectris’ recent acquisitions of Dytran Instruments and MicroStrain, further enhancing its capabilities in advanced vibration and pressure measurement systems. In addition to immediate financial benefits, including an anticipated €27.5 million (£23.1 million) in 2024 sales with a 30% EBITDA margin, the acquisition is expected to deliver €4.8 million (£4.0 million) in synergy-driven EBITDA growth by 2027.
Professor Helmut List, CEO of AVL, added, “HBK is the ideal partner for Piezocryst, with the acquisition providing the next chapter in our long-standing relationship and a number of exciting opportunities to further develop our partnership in the years ahead. The combination with HBK will enable Piezocryst to strengthen its position in existing markets, penetrate new markets, and continue to drive significant technological advancements.”
With its integration into HBK, Piezocryst will contribute to a unified platform of cutting-edge sensing technologies, benefiting industries that require extreme precision and reliability. The move reflects Spectris’ commitment to disciplined investment in value-enhancing mergers and acquisitions, ensuring long-term growth and shareholder value.
For more information, please click here.
About Spectris plc:
Spectris plc is a provider of precision measurement solutions, specializing in high-tech instruments and software used across various industries. The company operates two main divisions: Spectris Scientific and Spectris Dynamics, which serve technology-driven end markets. These markets have strong fundamentals and growth potential. Spectris holds leading positions in premium market segments and employs approximately 7,600 people across more than 30 countries. The company focuses on delivering value to its stakeholders through precision measurement and technical expertise.
About Piezocryst:
Piezocryst, based in Graz, Austria, is a manufacturer of high-precision pressure sensors, force sensors, and accelerometers designed for demanding industrial applications. Established in 2004 as a spin-off from AVL List, Piezocryst has its origins in the piezoelectric sensor industry dating back to the 1950s. The company is known for the precision, quality, and durability of its sensors, which are used in applications such as engine optimization, machinery, and industrial processes. Piezocryst manages its own crystal growth and processing for sensor production at its Graz facility. The company employs 175 people from over 10 countries and serves industries including Formula 1, gas turbines, and other industrial sectors.
