What did Thermo Fisher Scientific Inc. pay for Olink Holding AB?

Thermo Fisher Scientific Inc. acquired Olink Holding AB for $2.96B in 2023 (591.4x EBITDA), equivalent to 14.80x revenue. Target revenue was approximately $200.0M. Target EBITDA was approximately $5.0M.

What does Olink Holding AB do?

Olink Holding AB is a laboratory services business.

What multiple did Thermo Fisher Scientific Inc. pay for Olink Holding AB?

591.4x EBITDA and 14.80x revenue, based on disclosed deal value of $2.96B and disclosed financials.

M&A TRANSACTION · 2023

Olink Holding AB acquired by Thermo Fisher Scientific Inc.

$2.96B· 591.4x EBITDA· 14.80x revenue

Target

Olink Holding AB

Acquirer

Thermo Fisher Scientific Inc.

Strategic buyer

Disclosed financials at time of acquisition

Revenue

$200.0M

EBITDA

$5.0M

Deal Value

$2.96B

EV/EBITDA

591.4x

Context

This $2.96B acquisition of Olink Holding AB by Thermo Fisher Scientific Inc. sits in the laboratory services sub-vertical. The 591.4x EBITDA multiple paid in 2023 can be compared against the population median for laboratory services transactions of similar size on our Laboratory Services valuation hub. Thermo Fisher Scientific Inc. is acquiring as a strategic buyer; see how strategic acquirers typically price laboratory services businesses on our Laboratory Services strategic buyer-pool page.

Source

Data sourced from SEC Fairness Opinion — primary source. 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). Olink Holding AB acquired by Thermo Fisher Scientific Inc.. https://exitvalue.ai/deals/olink-holding-ab-acquired-by-thermo-fisher-scientific-inc-fairness-opi