M&A TRANSACTION · 2019
Advanced Sterilization Products Division Ethicon US acquired by Fortive Corp.
$2.75B· 14.2x EBITDA· 3.50x revenue
Target
Advanced Sterilization Products Division Ethicon US
Acquirer
Fortive Corp.
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$775.0M
EBITDA
$193.8M
Deal Value
$2.75B
EV/EBITDA
14.2x
Context
This $2.75B acquisition of Advanced Sterilization Products Division Ethicon US by Fortive Corp. sits in the medical devices sub-vertical. The 14.2x EBITDA multiple paid in 2019 can be compared against the population median for medical devices transactions of similar size on our Medical Devices valuation hub. Fortive Corp. is acquiring as a strategic buyer; see how strategic acquirers typically price medical devices businesses on our Medical Devices strategic buyer-pool page.
Source
Data sourced from SEC filings and press releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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