Veralto Corporation announced it will acquire In‑Situ, a Colorado‑based provider of environmental water measurement and monitoring solutions, for $435 million in cash. After accounting for estimated tax benefits, the purchase price is approximately $422 million. The deal is expected to close in the first quarter of 2026, subject to customary closing conditions.
The acquisition adds In‑Situ’s suite of water‑quality sondes, sensors and data‑management solutions to Veralto’s existing OTT HydroMet product line. Management projects that the combination will generate about $11 million in pre‑tax run‑rate cost savings by the third year after closing, driven by overlapping product development, shared sales channels and consolidated manufacturing operations.
Veralto’s board also approved a share‑repurchase program of up to $750 million, to be executed through open‑market and private transactions at the company’s discretion. The program reflects Veralto’s strong liquidity position and its commitment to returning value to shareholders while pursuing strategic growth initiatives.
Veralto reported third‑quarter 2025 results that beat expectations: revenue rose to $1.404 billion, up 6.9% year‑over‑year, and adjusted earnings per share reached $0.99 versus a consensus estimate of $0.95. The company guided for adjusted diluted EPS of $0.95 to $0.98 for the fourth quarter and raised its full‑year 2025 adjusted EPS guidance to $3.82 to $3.85, above the prior estimate of $3.66. The results were driven by strong demand in the Water Quality segment and disciplined cost management.
In‑Situ is projected to generate about $80 million in sales in 2025, with a gross margin of 50% and an EBITDA margin in the mid‑teens. The $435 million purchase price represents an enterprise‑value to EBITDA multiple of roughly 6.5x, based on In‑Situ’s 2025 EBITDA estimate.
Jennifer L. Honeycutt, Veralto’s President and CEO, said the acquisition “enables Veralto to tap into faster‑growing applications within the water ecosystem that are essential for public health and economic security while providing an ideal complement to OTT HydroMet’s product portfolio.” She added that the combination will “accelerate growth, drive operational efficiency and deliver value for all stakeholders.”
The acquisition and share‑repurchase program signal Veralto’s confidence in its growth trajectory and its ability to generate cash flow. By expanding its Water Quality offering and returning capital to shareholders, Veralto is positioning itself for continued market leadership in environmental monitoring and data analytics.
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