At what enterprise value was COGELEC acquired in 2025?

During the acquisition of COGELEC by LEGRAND in 2025, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.5x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of COGELEC when it was acquired by LEGRAND?

The estimated EV/EBITDA multiple for COGELEC is in the range of 15x - 25x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.5x. Join our community for free to access full valuation data and industry trends.

When was COGELEC acquired by LEGRAND?

COGELEC was acquired by LEGRAND in 2025.

What was the revenue of COGELEC at the time of the deal?

The revenue of COGELEC at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of COGELEC during the acquisition?

COGELEC's EBITDA is estimated to be in the range of 5M - 25M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the COGELEC acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the COGELEC deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.legrand.com/sites/default/files/Documents_PDF_Legrand/Finance/2025/acquisition/Legrand-Press_Release_Acquisition_9_July_2025_1752067524.pdf

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Home Database TMT (Tech, Media, Telecom)COGELEC

12/2025

COGELEC acquired by LEGRAND

FRANCE Hardware & Electronics / IT Equipment EV 100M - 350M EUR

Context

Cogelec has been acquired by Legrand through a two-stage process: first, the purchase of a 60.09% controlling block via the "Cogelec Développement" holding, followed by a mandatory tender offer (OPA) for the remaining shares. The strategic rationale is centered on strengthening the acquirer's "Smart Building" and digital services division, specifically targeting the lucrative and resilient recurring revenue stream of the target's subscription model. Financially, the deal is accretive and aligns with the acquirer's strategy. This platform investment allows Legrand to consolidate its leadership in the collective housing segment in France and 11 other international markets. The exit of Raise Investissement and the founding directors marks the end of the target's journey as an independent listed entity on Euronext Growth.

COGELEC, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.5x).

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Cogelec is a French leader in telecommunications and smart access control systems for collective housing. Headquartered in Mortagne-sur-Sèvre, the company is primarily known for its Intratone brand, which provides wireless intercom solutions and connected key management systems. Its innovative business model shifted the industry from traditional wired hardware to a "Software-as-a-Service" (SaaS) approach, generating high-margin recurring revenue through GSM-based subscription services. The company manages a footprint of over 2.5 million homes across 12 countries, catering to social landlords and property managers. Strategically, the entity represents a highly attractive "Smart Home" platform, combining proprietary hardware with a scalable digital service layer.

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2023

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

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

Press release: view release

Target: cogelec

Acquirer: legrand