BDO UK - Test & Measurement Report: M&A Highlights Q2 2017
18 September 2017
Original content provided by BDO United Kingdom
Our Test & Measurement sector team continued to see strong levels of deal activity in Q2 2017. While the record highs of 2016 are yet to be beaten, the T&M sector delivered 18% deal volume growth in comparison to the same quarter of 2016. The US & Canada region led the way in terms of volume, while Europe enjoyed the fastest year-on-year growth and the UK remained a highly attractive destination for overseas investment. Valuations continue to outperform, with our T&M index revealing average EBITDA multiples of 14.7x. In this edition, we also provide a spotlight on the Non-Destructive Testing sub-sector.