AB PROCESS INGENIERIE acquired by CEREA PARTNERS
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 [members only] in 2022, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Industry & Manufacturing sector (11.7x).
-> Deep-dive in Industry & Manufacturing market trends
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.
Ent. Value
€50–150M
Equity Value
[members only]
Multiples
EV / Revenue
2x–6x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Similar deals in Industrial Equipment
Similar deals in Industrial Equipment
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2023 | BDT & MSD PARTNERS | IMA GROUP | ITALY | Robotics & Automation |
| 06/2023 | NORDSON CORPORATION | GRUPPO ARAG | ITALY | Valves, Pumps & Taps |
| 05/2023 | INTERPUMP GROUP | WAIKATO MILKING SYSTEMS | NEW ZEALAND | Special Machinery |
| 05/2023 | XYLEM | EVOQUA WATER TECHNOLOGIES | UNITED STATES | Special Machinery |
| 04/2023 | NEXANS | REKA CABLES | FINLAND | Cabling & Connectivity |
| 03/2023 | MCH PRIVATE EQUITY / EURAZEO | Fermax | SPAIN | Safety & Security |
| 03/2023 | REGAL REXNORD | ALTRA INDUSTRIAL MOTION | UNITED STATES | Components |
| 03/2023 | LATOUR CAPITAL | GUTOR | SWITZERLAND | Electrical Equipment |
| 03/2023 | CHART INDUSTRIES | HOWDEN | UNITED KINGDOM | Special Machinery |
| 12/2022 | THE CARLYLE GROUP | TESCAN GROUP | CZECH REPUBLIC | Instrumentation & Measurement |
Other operations with CEREA PARTNERS
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2026 | CEREA PARTNERS | WIIO (WIRELESS INPUT OUTPUT) | FRANCE | Warehousing / 3PL |
| 07/2024 | CEREA PARTNERS | ISNARD GROUPE | FRANCE | Flavors & Fragrances |
| 06/2020 | CEREA PARTNERS / BPIFRANCE | AXIUM PACKAGING | FRANCE | Plastic Packaging |
REFERENCES
Valuation range: EV €50–150M
Revenue range: €10–30M
EV/Revenue range: 2x - 6x
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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Acquirer: cerea partners