At what enterprise value was ARDANUY INGENIERÍA acquired in 2025?

You can find the full valuation details of ARDANUY INGENIERÍA on mynth capital. 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 Business Services industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ARDANUY INGENIERÍA when it was acquired by SYSTRA?

The exact EV/EBITDA multiple for ARDANUY INGENIERÍA is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was ARDANUY INGENIERÍA acquired by SYSTRA?

ARDANUY INGENIERÍA was acquired by SYSTRA in 2025.

What was the revenue of ARDANUY INGENIERÍA at the time of the deal?

The revenue of ARDANUY INGENIERÍA at the time of the deal is estimated to be in the range of 25M - 50M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 ARDANUY INGENIERÍA 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 ARDANUY INGENIERÍA 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://www.systra.com/wp-content/uploads/2025/09/cp_systra-ardanuy.pdf

← DATABASE

Home Database Business ServicesARDANUY INGENIERÍA

09/2025

ARDANUY INGENIERÍA

Acquired by

SYSTRA

SPAIN Industrial Services / Engineering & Consulting REV 25M - 50M EUR

ARDANUY INGENIERÍA acquired by SYSTRA

SPAIN Industrial Services / Engineering & Consulting REV 25M - 50M EUR

Context

SYSTRA has announced the 100% acquisition of Ardanuy Ingeniería to strengthen its technical capabilities and market presence in Spain, Portugal, and Latin America. This operation follows SYSTRA's successful 2023 integration of Subterra and marks a major step in building a comprehensive engineering hub for the Iberian and Hispanic markets. The strategic rationale for the deal is to create technical synergies in railway systems and infrastructure, while securing a workforce of 350 highly skilled professionals. The combined entity will manage a portfolio of landmark projects, including the metros of Santiago, Bogota, Panama, and Madrid, as well as high-speed rail projects in Portugal and Spain. This alliance positions SYSTRA as the go-to partner for public and private transit authorities seeking to develop high-performance, sustainable transport infrastructures.

ARDANUY INGENIERÍA, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.3x).

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

Founded in 1992, Ardanuy Ingeniería is a prominent Spanish engineering and consulting firm specializing in the rail, metro, and urban transport sectors. The company’s business model is built on providing highly technical design and consultancy services for complex transport systems and infrastructure. Its value proposition centers on deep technical expertise in rail electrification, signaling, and rolling stock, serving both public and private clients across Europe and Latin America. Strategically, Ardanuy operates with a significant international footprint, employing over 350 specialists across Spain, Portugal, India, the Baltic states, and Latin America (notably Colombia, Chile, and Panama). By focusing on sustainable mobility and high-performance transit systems, the firm has established itself as a key technical partner for major metropolitan transport networks.

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Historical Financials (EUR)

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2024

2023

Other operations with ARDANUY INGENIERÍA

REFERENCES

Revenue range: 25M - 50M EUR

Note: Detailed and exact financial metrics (Enterprise Value, Revenue, EBITDA, and precise Multiples) are reserved for Mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).