mynth
06/2005

ACTARIS acquired by LBO FRANCE

FRANCE Industrial Equipment / Special Machinery / Instrumentation & Measurement EV 500M - 1.5b EUR

Context

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. This transaction is a continuation of the asset's strong value creation track record, driven by steady operational performance improvement, strategic positioning optimization, and progressive international expansion. In this new setup, LBO France aims to further develop Actaris by leveraging its market-leading position in water, gas, and electricity metering solutions, a sector fueled by the modernization of utility infrastructure and the growing importance of smart measurement technologies.

ACTARIS, which reported an EBITDA margin of LOGIN in 2004, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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.

Ent. Value

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Multiples

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EV / EBITDA

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Historical Financials (EUR)

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2004
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2003
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Other operations with ACTARIS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
02/2007ITRONACTARISFRANCEIndustrial Equipment

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

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 50M - 100M EUR

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