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 in 2004, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2004
2003

Other operations with ACTARIS

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
02/2007ITRONACTARISFRANCEInstrumentation & Measurement

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: lbo france