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01/2026100%

Ballestra Group acquired by Nextchem

ITALY Industrial Equipment / Process Engineering & Production Lines / Chemical Production Lines EV €100–350M

Context

NEXTCHEM has signed a binding agreement to acquire 100% of the share capital of Ballestra Group from its current shareholders. The strategic rationale for the transaction is to integrate Ballestra’s world-class proprietary technology portfolio in surfactants and fertilizers, thereby expanding NEXTCHEM’s current nitrogen-based offerings into phosphate, sulfur, and potassium-based solutions. This acquisition allows MAIRE to establish a more robust European technology platform with a global reach, focusing on the decarbonization of energy-intensive industrial processes. Furthermore, the integration of Ballestra provides NEXTCHEM with immediate access to a significant consolidated backlog, which was expected to exceed €315 million by the end of 2025. The deal is expected to create substantial cross-selling opportunities with MAIRE’s sister company, Tecnimont, particularly for large-scale energy transition and material transformation projects worldwide.

Ballestra Group, which reported an EBITDA margin of [members only] in 2025, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Industry & Manufacturing sector (11.7x in 2026).

-> Deep-dive in Industry & Manufacturing market trends

Target

Founded in 1960, Ballestra Group is a global benchmark in the engineering and design of processing plants for the chemical industry. The company operates through a specialized business model encompassing three main pillars: detergents & surfactants, oleochemicals, and advanced chemicals (specifically sulfuric and phosphoric acids). Its value proposition is anchored in a vast portfolio of proprietary technologies, intellectual property, and R&D capabilities, supported by pilot plants in Italy and Switzerland. Strategically, the firm serves a blue-chip client base across 120 countries, with over 6,400 plants installed worldwide. The group integrates highly specialized affiliates, including BUSS ChemTech (Switzerland) and Ballestra India, to provide end-to-end solutions from feasibility studies to proprietary equipment assembly under the well-known Mazzoni brand.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

below 1.5x

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
€150–250M
[members only]
[members only]
2024
€150–250M
[members only]
[members only]

Other operations with Nextchem

Other operations with Nextchem
DateAcquirerTargetCountrySector
12/2025AZZURRA CAPITAL / AZIMUT LIBERA IMPRESANEXTCHEMITALYChemical Production Lines

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REFERENCES

Valuation range: EV €100–350M

Revenue range: €150–250M

EV/Revenue range: below 1.5x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Ballestra Group by Nextchem 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.

FAQ

What transaction does this page cover?

This page covers Nextchem’s acquisition of 100% of Ballestra Group, an Italian company specialised in Process Engineering & Production Lines, in 2026.

How was the acquisition of Ballestra Group by Nextchem valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band and its EV/revenue multiple within the below 1.5x range. Exact figures are available to members.

What was Ballestra Group’s revenue at the time of the deal?

At the time of the transaction, Ballestra Group’s annual revenue was estimated within the €150–250M range (FY 2025). Detailed financial figures are available to members.

How does the valuation of Ballestra Group compare to benchmarks in the Industry & Manufacturing sector?

Transaction multiples for this specific deal are exclusively reserved for mynth members. Nevertheless, transactions tracked by mynth in this sector reveal an average benchmark multiple of 11.7x EBITDA during 2026.

What sources support the information on this transaction?

Data on this transaction was compiled from the official corporate announcement published by the parties, combined with independent reporting from specialized financial and M&A publications.

What is mynth?

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