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Bluefors To Acquire Cryomech, Creating A Global Leader In The Ultra-Low Temperature Cooling Technology Market

Feb 28, 2023•over 2 years ago

Acquiring Company

Bluefors

Acquired Company

Cryomech

ManufacturingBiotechnologyManufacturing

Description

Bluefors, a leading Finnish manufacturer of cryogenic measurement systems, has today announced it intends to acquire Cryomech, a pioneering cryocooler technology and manufacturing company, based in Syracuse, New York, USA. The combined company will bring together close to 600 employees and cryogenics experts in Finland, Germany, the Netherlands, and USA. The acquisition will position the company to be even better equipped to serve current and future customers working at the cutting edge in quantum technology, fundamental physics research, and other select industrial applications.

Company Information

Company

Bluefors

About

Bluefors is the world leader in manufacturing cryogenic measurement systems for quantum technology and fundamental physics research. With a revenue of over EUR 130 million and around 400 employees, we are dedicated to delivering the most reliable, versatile and easy-to-operate systems on the market. The quality of our products in combination with our scalable production capabilities, has made us as the preferred choice for ultra-low temperature requirements at universities, research institutes, and corporations globally. bluefors.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