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05/2023

AB PROCESS INGENIERIE acquired by CEREA PARTNERS

FRANCE Industrial Equipment / Special Machinery / Robotics & Automation EV 50M - 150M EUR

Context

Cerea Partners has acquired a majority stake in AB Process Ingénierie, a leading provider of customized automation and robotics solutions for the food processing industry, alongside the company's management and founders. This investment is part of Cerea Partners' third fund, Cerea Capital III, which held its first closing in 2022. AB Process Ingénierie has delivered average annual organic growth of 12% since 2020, supplemented by the strategic acquisition of Coaxial Technologie in 2022, a specialist in production lines for the food industry. With the support of Cerea Partners, the group is now poised to embark on a new phase of development, focusing on team expansion, consolidating its regional presence, and pursuing growth in France and internationally. Bpifrance, a long-standing partner of the group, has also reaffirmed its commitment to AB Process Ingénierie, highlighting the strategic importance of this sector to the French economy.

AB PROCESS INGENIERIE, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

The group, comprising AB Process Ingénierie and Coaxial Technologie, is a specialized player in the design and integration of customized automation and robotics solutions for the food processing industry. Founded in 2008 in Landivisiau, AB Process Ingénierie has established a reputation for delivering turnkey projects to food industry clients, with a particular focus on end-of-line robotics. The group supports its clients throughout the project lifecycle, from conception to delivery, emphasizing collaborative design and adapting to each client's unique constraints and requirements.

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Historical Financials (EUR)

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of AB PROCESS INGENIERIE by CEREA PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: cerea partners