US private equity group Veritas Capital has agreed to acquire Bodycote, a UK manufacturing and thermal processing services company, in a take-private deal. The purchase consideration is $2,475,590,276.
Bodycote is listed in the UK and provides critical thermal processing services to the global manufacturing sector. The transaction will move the company from public ownership into private ownership, with public shareholders exiting their investment.
According to the source, the buyer said the business's prospects would be better served outside of public markets. The source also places the deal within a growing trend of major companies exiting the London Stock Exchange through high-value take-private transactions.
The source indicates completion in late 2026 or early 2027. The agreement was reported on 2026-11-10.