Sale of Richbloom Holdings Ltd to Rotronic AG

Deal typeM&A & Private Equity

BDO recently acted as lead adviser to the shareholders of Richbloom on the sale of operating subsidiaries Dynament and Status Scientific to Rotronic AG, a portfolio company of Battery Ventures.

Dynament is a leading manufacturer of gas sensors, which are sold to OEMs of gas monitoring and gas detection equipment, while Status Scientific is a manufacturer of gas detection equipment which is sold via distributors for use in both hazardous and non-hazardous environments.  The deal marks Battery Ventures’ fifth acquisition into its Process Sensing Technologies division since 201

2017 was another record year for Mergers & Acquisitions in the Test & Measurement sector, highlights include;

  • Deal volumes up by 11%
  • Strong interest from trade investors and private equity
  • Heady valuations reflecting the robust potential of T&M technology and the unquenchable demand for TIC services

"This deal is a great outcome for the owners of Richbloom and for the business as it will enable even further investment into exciting research and development. We see many international buyers and private equity firms looking to acquire. With continuing confidence in the M&A market especially for quality businesses, we expect 2018 to continue to be a strong year for deal making in the Test & Measurement market.”

Roger Buckley, Partner - Head of Test and Measurement, BDO