BABCOCK WANSON acquired by AMBIENTA
Context
Ambienta, one of Europe�s largest asset managers entirely focused on environmental sustainability, has announced the acquisition of a majority stake in Babcock Wanson Group. The firm is acquiring the stake alongside Kartesia, the current shareholder who is reinvesting a portion of its proceeds, and the company's management team. The transaction, announced in June 2024, is expected to close in Q3 2024.
BABCOCK WANSON, which reported an EBITDA margin of in 2023, 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 (11.7x).
-> Deep-dive in Industry & Manufacturing market trends
Target
Babcock Wanson is a leading international provider of industrial process heating equipment and services, specializing in high-efficiency boiler rooms and environmental solutions. Headquartered in France (Chevilly-Larue), the company has transitioned from a traditional boiler manufacturer into a major player in the industrial energy transition. Its business model is built on a "full-lifecycle" approach, encompassing the design, manufacturing, and installation of thermal equipment (including steam boilers, thermal fluid heaters, and air thermal oxidizers) as well as long-term maintenance and water treatment services.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Similar deals in Industrial Equipment
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2024 | SPECTRIS | MICROMERITICS INSTRUMENT CORPORATION | UNITED STATES | Lab & Scientific Equipment |
| 07/2024 | ANDERA PARTNERS | TECNIKABEL | ITALY | Cabling & Connectivity |
| 06/2024 | INTERPUMP GROUP | ALFA VALVOLE | ITALY | Valves, Pumps & Taps |
| 06/2024 | MIDDLEGROUND CAPITAL | L.S. STARRETT COMPANY | UNITED STATES | Instrumentation & Measurement |
| 04/2024 | TRITON PARTNERS | TRENCH GROUP | GERMANY | Electrical Equipment |
| 03/2024 | INGERSOLL RAND | ILC DOVER | UNITED STATES | Medical Consumables |
| 03/2024 | ASTORG | STELIAU TECHNOLOGY | FRANCE | Electrical Equipment |
| 02/2024 | IK PARTNERS | EUROFEU | FRANCE | Safety & Security |
| 01/2024 | STANDARD BIOTOOLS | SOMALOGIC | UNITED STATES | Lab & Scientific Equipment |
| 12/2023 | ENPRO | ADVANCED MICRO INSTRUMENTS | UNITED STATES | Instrumentation & Measurement |
REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 250M - 500M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of BABCOCK WANSON by AMBIENTA 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.
Target: babcock wanson
Acquirer: ambienta