ACRELEC acquired by GLORY GLOBAL SOLUTIONS
Context
Glory acquired 80% of Acrelec's capital for an investment of approximately EUR200 million (on a cash-free, debt-free basis). The deal provides a full exit for the financial investors (Credit Agricole's entities: Idia, Socadif, Brie Picardie Expansion) who had entered in 2016 to fund the acquisition of US-based Hyperactive Technologies. The founders sold a large portion of their shares but reinvested to retain a 20% minority stake and continue leading the company.
ACRELEC, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
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Target
Founded in 2004 by former McDonald's employees, Acrelec has become the global reference for the digitalization of points of sale, specifically in the Quick Service Restaurant (QSR) and retail sectors. The company designs, manufactures, and develops software for self-ordering kiosks, "Click & Collect" counters, and drive-thru optimization systems. Acrelec is best known for being the primary supplier of the iconic ordering touchscreens found in McDonald's, Burger King, and KFC worldwide.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 300M - 700M EUR
Revenue range: 100M - 200M EUR
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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).
Acquirer: glory global solutions