At what enterprise value was ACTARIS acquired in 2007?

During the acquisition of ACTARIS by ITRON in 2007, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ACTARIS when it was acquired by ITRON?

The estimated EV/EBITDA multiple for ACTARIS is in the range of 10x - 18x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was ACTARIS acquired by ITRON?

ACTARIS was acquired by ITRON in 2007.

What was the revenue of ACTARIS at the time of the deal?

The revenue of ACTARIS at the time of the deal is estimated to be in the range of 750M - 1.3b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ACTARIS during the acquisition?

ACTARIS's EBITDA is estimated to be in the range of 100M - 200M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ACTARIS acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ACTARIS deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://capitalfinance.lesechos.fr/deals/sortie/lbo-france-cede-actaris-a-itron-pour-1657-md-121842

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Home Database Industry & ManufacturingACTARIS

02/2007

ACTARIS acquired by ITRON

FRANCE Industrial Equipment / Special Machinery / Instrumentation & Measurement EV 1b - 4b USD

Context

LBO France has sold Actaris to US-based industrial company Itron in a deal valued at over $1.5 billion. This transaction follows a significant value creation period under LBO France's ownership, during which the company experienced substantial growth in valuation, driven by operational improvements, strategic repositioning, and accelerated international expansion. For Itron, the acquisition is part of a portfolio expansion strategy aimed at strengthening its exposure to the utilities market, particularly in the gas and water segments. The integration of Actaris is expected to broaden Itron's geographic footprint, especially in Europe, while consolidating its global position in smart metering solutions. The financing of the transaction is based on a structure combining bank debt, structured credit lines, bonds, and equity, which secures a transformative deal for the acquiring group. The combined entity represents approximately $1.66 billion in pro forma revenue and over 8,000 employees, with enhanced geographic diversification. Ultimately, the deal is part of a global smart metering market consolidation trend, driven by the digitization of energy networks and distribution infrastructure.

It is worth noting that the fund Lbo France took control of Actaris through an LBO in 2005.

ACTARIS, which reported an EBITDA margin of LOGIN in 2006, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the average currently observed in the Industry & Manufacturing sector (10.9x).

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

Actaris is a specialized provider of metering solutions for water, gas, and energy networks. The company designs and manufactures smart meters, measurement solutions, and associated systems that enable network operators to optimize consumption management and infrastructure utilization. As a global leader in measurement systems, Actaris primarily serves public and private sector clients, including energy providers, water utilities, and public service operators, with a significant international presence.

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Other operations with ACTARIS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
06/2005	LBO FRANCE	ACTARIS	FRANCE	Industrial Equipment	LBO France has reacquired control of Actaris through a tertiary leveraged buyout (LBO), marking a new milestone in the asset's capital rotation following its previous acquisition by Montagu Private Equity

REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 750M - 1.3b USD

EBITDA range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ACTARIS by ITRON 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).

Acquirer: itron