"Ametek, the Pennsylvania-based scientific-and-industrial-instrumentation company, has agreed to acquire the test-and-measurement businesses of Indicor for approximately $5bn. The deal was first reported by the Wall Street Journal in late April when the two parties entered exclusive negotiations, and is the largest single partial exit Clayton, Dubilier & Rice has executed in 2026."
"Indicor itself is a 16-brand industrial-instrumentation portfolio that originated as a 2022 carve-out from Roper Technologies, with CD&R taking a 51 per cent majority stake at a $3.6bn enterprise value and Roper retaining a 49 per cent minority equity interest plus $2.6bn in upfront cash."
"The new company adopted the Indicor brand name in January 2023 and combined approximately $1.1bn in 2022 revenue across pumps, valves, test-and-measurement equipment, sensors, and meters."
"On the disclosed numbers, CD&R is selling roughly half the Indicor portfolio for $5bn after acquiring the entire portfolio at a $3.6bn enterprise value four years ago."
Ametek has agreed to acquire the test-and-measurement businesses of Indicor for approximately $5bn, marking Clayton, Dubilier & Rice's largest partial exit in 2026. Indicor, a portfolio of 16 industrial-instrumentation brands, was carved out from Roper Technologies in 2022. CD&R took a 51% majority stake at a $3.6bn enterprise value. The deal specifically excludes pumps and valves, which remain under CD&R's ownership. The acquisition aligns with Ametek's core instrumentation focus, enhancing its capabilities in precision measurement and process-control sensors.
Read at TNW | Investors-Funding
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