What did STERIS plc pay for Becton Dickinson Surgical Instrumentation?

STERIS plc acquired Becton Dickinson Surgical Instrumentation for $540.0M in 2023, equivalent to 3.20x revenue. Target revenue was approximately $170.0M.

What does Becton Dickinson Surgical Instrumentation do?

Becton Dickinson Surgical Instrumentation is a medical devices business.

What multiple did STERIS plc pay for Becton Dickinson Surgical Instrumentation?

3.20x revenue, based on disclosed deal value of $540.0M and disclosed financials.

M&A TRANSACTION · 2023

Becton Dickinson Surgical Instrumentation acquired by STERIS plc

$540.0M· 3.20x revenue

Target

Becton Dickinson Surgical Instrumentation

Acquirer

STERIS plc

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$170.0M

EBITDA

—

Deal Value

$540.0M

EV/EBITDA

—

Context

This $540.0M acquisition of Becton Dickinson Surgical Instrumentation by STERIS plc sits in the medical devices sub-vertical. STERIS plc 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 Press releases. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology

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Citation: ExitValue.ai. (2023). Becton Dickinson Surgical Instrumentation acquired by STERIS plc. https://exitvalue.ai/deals/becton-dickinson-surgical-instrumentation-acquired-by-steris-plc-hc-2023-0045