MONTAGU PRIVATE EQUITY takes majority stake in ADB SAFEGATE
Context
Montagu Private Equity acquired ADB from Siemens through a carve-out transaction designed to separate the airport lighting business from the German industrial group. The transaction led to the creation of ADB Airfield Solutions as an independent company, bringing together operations, employees and customer relationships previously spread across several Siemens entities. Following the acquisition, Montagu supported the company's transformation into a standalone global platform, focusing on international expansion, operational development, technology enhancement and growth in emerging markets.
ADB SAFEGATE, which reported an EBITDA margin of in 2009, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).
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Target
ADB SAFEGATE (ex ADB Airfield Solutions) is a global leader in airfield ground lighting (AGL) systems for airport infrastructure. The company designs, manufactures, and markets a comprehensive range of runway and taxiway lighting products, as well as integrated control, monitoring, and power management systems used in airport operations. Its solutions cover both airside equipment and centralized control systems deployed in control towers and electrical substations. ADB serves a wide range of airport customers, from major international hubs to regional airports, military bases, and heliports. The company has a strong global footprint, with installations in more than 2,000 airports across over 175 countries. It operates an international industrial and commercial platform, including manufacturing sites in Europe, the United States, and China, as well as a global network of sales offices and distributors. The company is also recognized for its technological leadership in LED airfield lighting and intelligent airport infrastructure systems.
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Other operations with ADB SAFEGATE
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2017 | THE CARLYLE GROUP | ADB SAFEGATE | BELGIUM | Aerospace, Naval & Defense |
| 02/2016 | ADB SAFEGATE / PAI PARTNERS | SAFEGATE INTERNATIONAL | SWEDEN | Aerospace, Naval & Defense |
| 11/2013 | PAI PARTNERS | ADB SAFEGATE | BELGIUM | Aerospace, Naval & Defense |
REFERENCES
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Press release: view release
Target: adb safegate
Acquirer: montagu private equity