mynth
← DATABASE
06/2024

BABCOCK WANSON acquired by AMBIENTA

FRANCE Industrial Equipment / Special Machinery / Boilers & Thermal Solutions EV 100M - 350M EUR

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 LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

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.

-> 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

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2023
LOGIN
LOGIN
LOGIN
2022
LOGIN
LOGIN
LOGIN

Similar deals in Industry & Manufacturing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
07/2024THERMO FISHER SCIENTIFICOLINKSWEDENIndustrial Equipment

Thermo Fisher Scientific has finalized the acquisition of Olink Holding AB, an operation designed to fundamentally strengthen the group's capabilities in the high-growth proteomics market. The strategic rationale for this transaction centers on a "platform-complementarity" play, merging the target's industry-leading protein analysis technology with the group’s established leadership in mass spectrometry and life sciences instrumentation. This fusion effectively creates a specialized powerhouse in the protein biomarker discovery arena, providing the organization with the necessary technical operational depth to address the increasing demand for precision medicine solutions

07/2024SPECTRISSCIAPS INCORPORATEDUNITED STATESIndustrial Equipment

Spectris has acquired SciAps. SciAps will be integrated into Malvern Panalytical (Spectris Scientific division). The acquisition accelerates Spectris's digital strategy by moving analysis "closer to the sample" (from lab to field). SciAps' handheld XRF and LIBS devices complement Malvern Panalytical's benchtop range, creating a comprehensive suite for customers in mining, recycling, and batteries.

06/2024INTERPUMP GROUPALFA VALVOLEITALYIndustrial Equipment

Interpump Group has finalized the acquisition of 100% of the capital of Alfa Valvole S.r.l. from the U.S.-based IDEX Corporation. This strategic transaction marks a significant enhancement of the group’s fluid management portfolio, integrating high-end valve technology with its existing pump and hydraulic systems. The strategic rationale for the move centers on the high degree of industrial synergy between the target’s integrated solutions for process fluids and the group’s broader global operations in water treatment, mining, and energy sectors

06/2024MIDDLEGROUND CAPITALL.S. STARRETT COMPANYUNITED STATESIndustrial Equipment

The acquisition of The L.S. Starrett Company by MiddleGround Capital represents a significant take-private transaction in the industrial tools sector, concluding the company's 144-year history as a publicly-traded entity. Strategically, this move allows Starrett to transition from the quarterly pressures of the public markets to a private environment where it can focus on long-term operational flexibility and strategic capital deployment. The rationale for the investment centers on MiddleGround's intent to amplify Starrett's iconic brand status by scaling its geographic reach and diversifying its robust range of metrology and cutting tool offerings

04/2024TRITON PARTNERSTRENCH GROUPGERMANYIndustrial Equipment

Triton acquired the Trench business from Siemens Energy. The deal allows Siemens Energy to sharpen its portfolio while giving Trench the independence to invest in capacity expansion to meet the booming demand for grid infrastructure. Triton supported the carve-out and setup of standalone functions.

03/2024ASTORGSTELIAU TECHNOLOGYFRANCEIndustrial Equipment

Astorg has preempted the sale process of Steliau Technology to become its new majority shareholder, marking the company’s fourth LBO. Orchestrated by DDA & Cie, The transaction was financed via an unitranche debt structure, following the model of the previous LBO cycle. This strategic partnership is strictly engineered to accelerate Steliau's pan-European consolidation strategy, specifically targeting new entries into the German, UK, and Scandinavian markets to capitalize on the highly fragmented €3Bn European electronic distribution sector

03/2024INGERSOLL RANDILC DOVERUNITED STATESIndustrial Equipment

Ingersoll Rand has successfully finalized a definitive agreement to acquire 100% of ILC Dover from New Mountain Capital, marking a transformative expansion into the life sciences sector. This strategic transaction establishes a dedicated life sciences platform within the group’s Precision and Science Technologies (P&ST) segment, consolidating the target’s expertise with the group’s existing brands to create a $700 million revenue vertical. The strategic rationale for the move centers on the convergence of the target’s innovative single-use biopharma solutions with the group’s established liquid handling and positive displacement pump technologies

02/2024IK PARTNERSEUROFEUFRANCEIndustrial Equipment

IK Partners, through its IK X Fund, has entered into exclusive negotiations to acquire a majority stake in Eurofeu, a leading player in the French fire protection market. IK is acquiring the stake from CAPZA and the management team, both of whom will be reinvesting to support the Group's next development phase.

01/2024STANDARD BIOTOOLSSOMALOGICUNITED STATESIndustrial Equipment

The merger between Standard BioTools and SomaLogic creates a diversified and scaled leader in the life sciences tools industry. The strategic rationale for this transaction centers on a "multi-omic integration" play, merging the target's technical operational depth in proteomics with the group's established mass cytometry and microfluidics platforms. This fusion effectively creates a specialized powerhouse capable of delivering clinical research insights with high throughput and data quality across approximately 50 countries

12/2023ENPROADVANCED MICRO INSTRUMENTSUNITED STATESIndustrial Equipment

The successful acquisition of Advanced Micro Instruments (AMI) by Enpro Inc. marks a decisive tactical expansion of the group’s capabilities within the compositional analysis market. This transaction facilitates the integration of Advanced Micro Instruments' proprietary sensing technologies into Enpro Inc.’s Sealing Technologies segment, creating a broader portfolio of solutions for safeguarding critical environments. The strategic rationale hinges on the fusion of Advanced Micro Instruments’ gas analysis expertise with Enpro Inc

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

Target: babcock wanson

Acquirer: ambienta