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MSA Safety Acquires M&C TechGroup, a Leading Manufacturer of Gas Analysis Solutions and Technologies

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MSA Safety (NYSE: MSA) has acquired M&C TechGroup for approximately $200 million. Based in Ratingen, Germany, M&C TechGroup is a manufacturer of gas analysis systems with annual revenue of about $55 million and 220 employees globally. The acquisition expands MSA's detection solutions portfolio and capabilities in gas analysis and process safety markets.

M&C TechGroup's product portfolio includes systems for gas sampling, gas conditioning, and advanced process control, serving various industries including energy, chemicals, utilities, manufacturing, and food and beverage. The transaction is expected to be accretive to MSA's adjusted earnings in 2025 and aligns with the company's Accelerate strategy to grow its detection business through strategic acquisitions.

MSA Safety (NYSE: MSA) ha acquisito M&C TechGroup per circa 200 milioni di dollari. Con sede a Ratingen, Germania, M&C TechGroup è un produttore di sistemi di analisi dei gas con un fatturato annuo di circa 55 milioni di dollari e 220 dipendenti a livello globale. L'acquisizione amplia il portafoglio di soluzioni di rilevamento di MSA e le sue capacità nei mercati dell'analisi dei gas e della sicurezza dei processi.

Il portafoglio prodotti di M&C TechGroup include sistemi per il campionamento dei gas, il condizionamento dei gas e il controllo avanzato dei processi, servendo diversi settori tra cui energia, chimica, servizi pubblici, manifatturiero e alimentare e bevande. L'operazione è prevista per contribuire positivamente agli utili rettificati di MSA nel 2025 e si allinea con la strategia Accelerate dell'azienda, volta a far crescere il business del rilevamento tramite acquisizioni strategiche.

MSA Safety (NYSE: MSA) ha adquirido M&C TechGroup por aproximadamente 200 millones de dólares. Con sede en Ratingen, Alemania, M&C TechGroup es un fabricante de sistemas de análisis de gases con ingresos anuales de alrededor de 55 millones de dólares y 220 empleados a nivel global. La adquisición amplía el portafolio de soluciones de detección de MSA y sus capacidades en los mercados de análisis de gases y seguridad de procesos.

El portafolio de productos de M&C TechGroup incluye sistemas para muestreo de gases, acondicionamiento de gases y control avanzado de procesos, atendiendo a diversas industrias como energía, química, servicios públicos, manufactura y alimentos y bebidas. Se espera que la transacción sea beneficiosa para las ganancias ajustadas de MSA en 2025 y está alineada con la estrategia Accelerate de la compañía para hacer crecer su negocio de detección mediante adquisiciones estratégicas.

MSA Safety(NYSE: MSA)는 약 2억 달러M&C TechGroup을 인수했습니다. 독일 라팅겐에 본사를 둔 M&C TechGroup은 연간 매출 약 5,500만 달러와 전 세계 220명의 직원을 보유한 가스 분석 시스템 제조업체입니다. 이번 인수로 MSA는 가스 분석 및 공정 안전 시장에서 감지 솔루션 포트폴리오와 역량을 확장하게 되었습니다.

M&C TechGroup의 제품 포트폴리오는 가스 샘플링, 가스 조절, 고급 공정 제어 시스템을 포함하며, 에너지, 화학, 공공 서비스, 제조업, 식음료 등 다양한 산업에 서비스를 제공합니다. 이번 거래는 2025년 MSA의 조정 순이익에 긍정적인 영향을 미칠 것으로 예상되며, 전략적 인수를 통한 감지 사업 성장이라는 회사의 Accelerate 전략과 부합합니다.

MSA Safety (NYSE : MSA) a acquis M&C TechGroup pour environ 200 millions de dollars. Basée à Ratingen, en Allemagne, M&C TechGroup est un fabricant de systèmes d'analyse des gaz avec un chiffre d'affaires annuel d'environ 55 millions de dollars et 220 employés dans le monde. Cette acquisition élargit le portefeuille de solutions de détection de MSA ainsi que ses capacités sur les marchés de l'analyse des gaz et de la sécurité des procédés.

Le portefeuille de produits de M&C TechGroup comprend des systèmes d'échantillonnage de gaz, de conditionnement des gaz et de contrôle avancé des procédés, desservant divers secteurs tels que l'énergie, la chimie, les services publics, la fabrication, ainsi que l'alimentation et les boissons. Cette opération devrait être bénéfique pour le résultat ajusté de MSA en 2025 et s'inscrit dans la stratégie Accelerate de l'entreprise visant à développer son activité détection par des acquisitions stratégiques.

MSA Safety (NYSE: MSA) hat M&C TechGroup für rund 200 Millionen US-Dollar übernommen. Mit Sitz in Ratingen, Deutschland, ist M&C TechGroup ein Hersteller von Gasanalyse-Systemen mit einem Jahresumsatz von etwa 55 Millionen US-Dollar und 220 Mitarbeitern weltweit. Die Übernahme erweitert das Portfolio von MSA im Bereich Detektionslösungen sowie die Kompetenzen in den Märkten für Gasanalyse und Prozesssicherheit.

Das Produktportfolio von M&C TechGroup umfasst Systeme zur Gasprobenahme, Gasaufbereitung und fortschrittliche Prozesssteuerung und bedient verschiedene Branchen wie Energie, Chemie, Versorgungsunternehmen, Fertigung sowie Lebensmittel und Getränke. Die Transaktion soll ab 2025 das bereinigte Ergebnis von MSA verbessern und passt zur Accelerate-Strategie des Unternehmens, das Detektionsgeschäft durch strategische Akquisitionen auszubauen.

Positive
  • Transaction expected to be accretive to MSA's adjusted earnings in 2025
  • Expands MSA's addressable market in detection with complementary technologies
  • Access to M&C's established customer base and $55 million annual revenue stream
  • Strategic fit with MSA's Accelerate strategy for detection business growth
  • Opportunity to leverage MSA's global footprint and distribution network to accelerate M&C's growth
Negative
  • Significant capital outlay of $200 million for the acquisition
  • Integration risks and potential challenges in combining operations
  • Exposure to various industrial markets that may be cyclical

Insights

MSA's strategic acquisition of M&C TechGroup expands detection capabilities and is expected to be earnings accretive in 2025.

MSA Safety's $200 million acquisition of M&C TechGroup represents a calculated expansion into complementary gas analysis solutions. The purchase price equates to approximately 3.6x M&C's annual revenue of $55 million, a reasonable multiple for a specialized industrial technology company with growth potential.

This transaction adds significant capabilities to MSA's detection portfolio, particularly in gas analysis systems for critical environments across diverse industrial sectors including energy, chemicals, utilities, and manufacturing. The complementary nature of M&C's product suite should enable MSA to offer more comprehensive safety solutions to existing customers while penetrating new market segments.

The deal aligns perfectly with MSA's stated "Accelerate strategy" which specifically targets growth in their detection business through strategic acquisitions. For a company that generated $1.8 billion in 2024 revenue, this acquisition represents just 3% of additional top-line contribution, but its strategic value likely exceeds the pure revenue addition.

What makes this particularly promising is MSA's ability to leverage its substantial global infrastructure (5,000+ associates across 40+ international locations) to accelerate M&C's market penetration beyond what the German company (with 220 employees) could achieve independently. The explicit mention that the deal will be accretive to adjusted earnings in 2025 signals immediate financial benefits rather than a long-term growth gamble.

Cultural alignment between the organizations, as highlighted by both companies' leadership, increases the probability of successful integration—a critical factor often overlooked in acquisition analysis. By combining M&C's specialized expertise in gas measurement and analysis with MSA's global distribution capabilities, the combined entity is positioned to capture expanded market share in the industrial safety and process control segments.

  • Acquisition expands MSA's Detection solutions and adds new capabilities in the gas analysis and process safety markets
  • With annual revenue of approximately $55 million, M&C TechGroup is highly complementary to MSA's technology, customer base and distribution network
  • Transaction expected to be accretive to MSA's adjusted earnings in 2025

PITTSBURGH, May 7, 2025 /PRNewswire/ --Global safety equipment and solutions provider MSA Safety Incorporated (NYSE: MSA) today announced it has acquired M&C TechGroup in a transaction valued at approximately $200 million.

Based in Ratingen, Germany, M&C TechGroup provides a comprehensive range of gas analysis systems that detect, measure and monitor gases in critical environments. The company's product portfolio includes systems and solutions for gas sampling, gas conditioning, as well as advanced process control. M&C products and systems are used in a wide range of industries and applications, including energy, chemicals, utilities, manufacturing, food and beverage, and other industrial applications. Founded in 1985, M&C TechGroup employs approximately 220 associates globally.

"We are excited to welcome M&C to the MSA Safety family," said Steve Blanco, MSA Safety President and CEO. "By bringing aboard M&C, we expand our addressable market in detection, with complementary technologies across diverse markets. The acquisition of M&C aligns well with our Accelerate strategy, which includes a focus on growing our detection business and enhancing our portfolio through strategic acquisitions," he said.

"With M&C's leadership position and expertise in gas measurement, gas analysis and process control, we expect to accelerate its growth by leveraging our global footprint, customer relationships and distribution network," Mr. Blanco continued. "Overall, the acquisition positions us to be a leading provider of high-quality gas analysis solutions that create value for customers by enhancing infrastructure and workplace safety, optimizing processes and reducing costs." 

Commenting on the transaction, M&C Managing Director and principal owner Olaf Sommer said, "Our two companies share similar values and cultures, and that was an important factor in our decision to join forces with MSA Safety. MSA's leadership position in detection technology, its commitment to innovation and its core values centered around integrity make this transaction an excellent fit for our customers, our people and our business," he said. "By leveraging MSA's global market reach, its distribution resources and and its detection expertise, we have a great opportunity to expand our business well beyond the installed base and markets we serve today."

About MSA Safety

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2024 revenues of $1.8 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of over 5,000 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

About M&C TechGroup

Founded in 1985, M&C TechGroup is based in Ratingen, Germany and has approximately 220 employees. The company is a global full-scale provider of gas analysis solutions to detect, measure and monitor various parameters in a range of critical industrial processes across a broad range of industrial markets. As a supplier of premium gas analysis products, M&C's goal is to support its customers in process control. The added value the company creates for customers includes process optimization, cost reduction and safety. Its vision is to meet every customer challenge in a cost-oriented way, with high competence and reliable long-term performance quality. For more information, please visit www.mc-techgroup.com/en.

Cautionary Statement Regarding Forward-Looking Statements

Except for historical information, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include but are not limited to all projections and anticipated levels of future performance, benefits and synergies of the transaction, future opportunities for the combined company and any other statements about MSA's and M&C TechGroup's managements' future expectations, beliefs, goals, plans or prospects. Forward looking statements involve risks, uncertainties and other factors that may cause our actual results to differ materially from those discussed herein. Any number of factors could cause actual results to differ materially from projections or forward looking statements, including without limitation the ability of MSA to successfully integrate M&C's operations and employees, unexpected costs, changes or expenses resulting from the transaction, risks that the transaction disrupts the current plans and operations of MSA and M&C, the ability to realize anticipated synergies, MSA's ability to successfully grow M&C's business, potential adverse reactions or changes in business relationships resulting from the announcement of the transaction, the retention of key employees, global economic conditions, spending patterns of government agencies, competitive pressures, product liability claims, the success of new product introductions, currency exchange rate fluctuations and the risks of doing business in foreign countries. A full listing of these risks, uncertainties and other factors are detailed from time-to-time in our filings with the United States Securities and Exchange Commission ("SEC"), including our most recent Form 10-K filed on February 14, 2025. You are strongly urged to review all such filings for a more detailed discussion of such risks and uncertainties. MSA's SEC filings are readily obtainable at www.sec.gov, as well as on its own investor relations website at http://investors.MSAsafety.com. MSA undertakes no duty to publicly update any forward-looking statements contained herein, except as required by law.

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SOURCE MSA Safety

FAQ

How much did MSA Safety pay for M&C TechGroup acquisition?

MSA Safety acquired M&C TechGroup for approximately $200 million.

What is M&C TechGroup's annual revenue?

M&C TechGroup generates annual revenue of approximately $55 million.

How many employees does M&C TechGroup have?

M&C TechGroup employs approximately 220 associates globally.

When will the MSA acquisition of M&C TechGroup be accretive to earnings?

The transaction is expected to be accretive to MSA's adjusted earnings in 2025.

What industries does M&C TechGroup serve?

M&C TechGroup serves various industries including energy, chemicals, utilities, manufacturing, food and beverage, and other industrial applications.
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