AUBERT & DUVAL acquired by TIKEHAU CAPITAL, SAFRAN & AIRBUS
Context
Airbus, Safran, and Tikehau Capital have completed the acquisition of Aubert & Duval from the Eramet group, marking a landmark transaction for the European critical metals industry. This deal is part of a joint investment vehicle established by Airbus, Safran, and Tikehau Capital, with the support of public authorities, to secure the industrial sovereignty of the aerospace and defense sectors. The acquisition comes at a time when Aubert & Duval was facing operational challenges, including industrial difficulties and deteriorating financial performance, prior to the takeover.
AUBERT & DUVAL, which reported an EBITDA margin of in 2022, 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
Aubert & Duval is a French company that designs, produces, and transforms complex metallic materials, including special steels, superalloys, titanium, and aluminum, for critical sectors such as aerospace, defense, energy, and medical. The company has a recognized expertise across the entire value chain, from material design to forged part manufacturing. Aubert & Duval employs approximately 4,400 people across ten industrial sites, with eight locations in France. The company's activities are focused on providing high-quality products to its clients, including Airbus and Safran, and it has recently shifted its focus towards titanium parts. Aubert & Duval's production apparatus has been heavily modernized and rationalized, allowing the company to achieve significant improvements in its operations. The company's customer base includes major players in the aerospace and defense industries, and it plays a crucial role in the French and European industrial sovereignty.
Ent. Value
Equity Value
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EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with AUBERT & DUVAL
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2026 | AIRBUS / SAFRAN | AUBERT & DUVAL | FRANCE | Metallurgy / Foundry |
REFERENCES
Valuation range: EV 50M - 150M EUR
Revenue range: 450M - 900M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Press release: view release
Target: aubert & duval
Acquirer: safran / tikehau capital / airbus