A deal is a deal, Veralto (NYSE: VLTO) to acquire In-Situ for $435 million

Veralto Corporation (NYSE: VLTO) announced it has entered into a definitive agreement to acquire In-Situ, a Colorado-based environmental water measurement company, for $435 million, subject to customary closing adjustments. The purchase price, after considering estimated tax benefits, is approximately $422 million.

The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions. Veralto said it will fund the deal with cash on hand.

In-Situ specializes in environmental water measurement and monitoring solutions, including water quality sondes, sensors and data management systems for surface and groundwater monitoring. The company is expected to generate approximately $80 million in sales in 2025 with a gross margin of about 50% and mid-teens EBITDA margin.

Veralto estimates pre-tax run-rate cost synergies of approximately $11 million by the end of year three following completion of the transaction. The purchase price represents approximately 19 times In-Situ’s 2025 estimated EBITDA, including expected cost synergies.

Separately, Veralto’s Board of Directors authorized a share repurchase program for up to $750 million of common stock. Under the program, share repurchases may be executed through various methods, including open market and privately negotiated transactions, at the company’s discretion.

“As a premier provider of water analytic technologies, In-Situ enables Veralto to tap into faster growing applications within the water ecosystem,” said Jennifer L. Honeycutt, Veralto’s President and Chief Executive Officer.