mynth
10/2025

BG&E acquired by SYSTRA

AUSTRALIA Industrial Services / Engineering & Consulting REV 100M - 200M EUR

Context

SYSTRA has announced the 100% acquisition of the Australian engineering firm BG&E. This strategic transaction significantly strengthens SYSTRA’s presence in Australia and New Zealand, where the combined entity will now employ over 1,000 staff. The rationale for the deal is twofold: first, to capture growth in one of the world's most active infrastructure markets; second, to create a new global business unit dedicated to "Complex Buildings". By integrating BG&E’s 800 employees and its international offices in Singapore, the UAE, and the UK, SYSTRA is scaling its multidisciplinary engineering services. This network will now include over 700 specialists worldwide, enabling SYSTRA to compete on a global stage for large-scale building projects beyond its traditional transport-related core.

BG&E, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

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Target

Founded in 1970, BG&E is a premier multidisciplinary engineering consultancy firm with a significant footprint across Australia, New Zealand, Asia, the Middle East, and the UK. The company’s business model is built on providing high-end structural, civil, and environmental engineering services, with a world-class reputation in transport infrastructure and complex building design. Its value proposition centers on technical excellence and the ability to deliver sustainable, high-quality solutions for sophisticated architectural projects. Strategically, BG&E employs over 800 specialists and operates as a key partner for large-scale urban developments and infrastructure upgrades. By integrating advanced engineering practices with local market knowledge, the firm has established itself as a go-to consultant for landmark international projects.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

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REFERENCES

Revenue range: 100M - 200M 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.