Test & Measurement Report: M&A Highlights Q1 2017
25 May 2017
BDO’s Test & Measurement sector team has seen a strong start to the year. Cross-border deals now account for over half of all transactions, with surging activity in Europe a key feature contributing to the increase. We have seen increased appetite from international buyers for quality UK businesses. Valuations remain highly attractive, with BDO’s T&M index revealing average EBITDA multiples of 14.3x. In this edition, we also provide a ‘deep dive’ on the high-growth water treatment and testing sector.