Gas tech firm MSA Safety makes $200m acquisition
Global safety equipment and solutions provider MSA Safety has acquired German gas analysis technology company M&C TechGroup in a deal worth approximately $200m.
The acquisition, completed on 7 May, is expected to add a range of systems and solutions to MSA’s product portfolio, spanning industries such as energy, chemicals, utilities, manufacturing, and food and beverage.
“By bringing aboard M&C, we expand our addressable market in detection, with complementary technologies across diverse markets,” said Steve Blanco, MSA Safety President and CEO.
He also said that the buyout fits with the company’s Accelerate strategy, which aims to scale up its detection business and expand its existing portfolio through a series of strategic acquisitions.
The agreement also enables M&C to take advantage of US-headquartered MSA’s global market reach, which feeds into a 2024 revenue worth $1.8bn across its more than 40 international locations.
“[This gives us] a great opportunity to expand our business well beyond the installed base and markets we service today,” said Olaf Sommer, M&C Managing Director and principal owner.
Based in Ratingen, Germany, M&C TechGroup manufactures technology for gas sampling, analysis, conditioning, and process control. Its offerings include gas sample probes, heated lines, and pumps, in addition to complete systems for gas conditioning and analysis.
According to MSA, M&C generated an annual revenue of approximately $55m. The acquisition positions MSA to further tap into a European gas analysis technology market valued at $1.2bn in 2024. The market is projected to reach $2.5bn by 2033.
