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Graco Inc. Completes Acquisition of PCT Systems to Expand its High-Purity Fluid Handling Solutions Business

Aug 26, 2024•11 months ago

Acquiring Company

Graco

Acquired Company

PCT Systems

MinneapolisFremontManufacturingManufacturing

Description

Graco Inc. (NYSE:GGG) has successfully acquired the megasonic and ultrasonic wet cleaning systems business of PCT Systems, a strategic move to complement its existing line of high-purity chemical delivery equipment used in the production of semiconductors, solar panels, LED flat panel displays, and various other electronics. This acquisition is a strategic fit within Graco's White Knight business and supports its expansion in the semiconductor market.

Company Information

Company

Graco

Location

Minneapolis, Minnesota, United States

About

Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction, and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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