At what enterprise value was CRAMO acquired in 2020?

During the acquisition of CRAMO by BOELS RENTAL in 2020, 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 1b - 4b 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 Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CRAMO when it was acquired by BOELS RENTAL?

The estimated EV/EBITDA multiple for CRAMO is in the range of 5x - 12x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was CRAMO acquired by BOELS RENTAL?

CRAMO was acquired by BOELS RENTAL in 2020.

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

The revenue of CRAMO at the time of the deal is estimated to be in the range of 450M - 900M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of CRAMO during the acquisition?

CRAMO's EBITDA is estimated to be in the range of 100M - 200M 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 CRAMO 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 CRAMO 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.marketscreener.com/quote/stock/CRAMO-OYJ-60856969/news/Boels-Verhuur-B-V-completed-the-acquisition-of-Cramo-Oyj-from-EQT-Fund-Management-S-a-r-l-Keskin-33981947/

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Home Database Business ServicesCRAMO

01/2020

CRAMO acquired by BOELS RENTAL

FINLAND Industrial Services / Equipment Rental EV 1b - 4b EUR

Context

Boels launched a cash tender offer to acquire all shares of the listed Finnish group Cramo, as a strategic move to create a European leader with combined revenues of EUR1.3 billion and a network of over 750 depots. This deal consolidated the "Top 3" in Europe alongside Loxam and United Rentals (via their European branches).

CRAMO, which reported an EBITDA margin of LOGIN in 2019, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Business Services sector (11.1x).

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 Business Services market trends

Target

One of European leading equipment rental services companies. Cramo specialized in construction machinery, tools, and modular space solutions (under the Cramo Adapteo brand, although separated shortly before the deal). It operated approx. 300 depots.

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Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
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02/2020	KILOUTOU	LOCAMODUL	FRANCE	Industrial Services	Kiloutou acquired Locamodul to strengthen its "Kiloutou Module" business unit. This acquisition allowed the group to integrate a specialized technical team and a high-quality fleet of modular units, primarily in the dynamic Savoie and Haute-Savoie markets
12/2019	CLAYTON, DUBILIER & RICE (CD&R)	SOCOTEC	FRANCE	Industrial Services	Clayton Dubilier & Rice has signed an agreement to acquire a significant minority stake in Socotec, taking over the positions previously held by Five Arrows and BIP Investment Partners. This transaction occurs alongside the existing majority shareholder, Cobepa, which has controlled the group since 2013
09/2019	EQUISTONE	ACCES INDUSTRIE	FRANCE	Industrial Services	After a 2-year holding period, Parquest Capital mandated Canaccord Genuity to sell its majority stake. Under Parquest, the group's EBITDA doubled from EUR20M to EUR40M, driven by organic growth and two strategic acquisitions (Matelev and Novelis)
09/2019	ACCES INDUSTRIE	MATELEV	FRANCE	Industrial Services	Acces Industrie acquired its fellow French rental peer Matelev to broaden its technical expertise and regional footprint. This was the first external growth operation since Parquest Capital took control of Acces Industrie in 2017
08/2019	EQUISTONE / SAGARD	VULCAIN INGENIERIE	FRANCE	Industrial Services	Equistone Partners Europe acquired a majority stake in Vulcain Engineering, alongside Sagard as a minority co-investor and the management team. The transaction provided an exit for previous sponsors (who had held the asset since 2014) and Initiative & Finance
08/2019	JACOBS	JOHN WOOD NUCLEAR	UNITED KINGDOM	Industrial Services	Jacobs entered into a definitive agreement to acquire John Wood Group's Nuclear business. The acquisition is a strategic move to strengthen Jacobs' Aerospace, Technology & Nuclear (ATN) line of business by adding deep technical consulting and decommissioning capabilities
06/2019	GROUPE BERTO	GROUPE TDS (TRANSPORTS DEPLACEMENTS SERVICES)	FRANCE	Industrial Services	Groupe Berto acquired 100% of the six operational companies comprising Groupe TDS. This acquisition is one of the largest in Berto's history, allowing it to integrate a competitor with a very similar business model
06/2019	LOXAM	RAMIRENT	FINLAND	Industrial Services	Loxam launched a friendly cash tender offer to acquire 100% of Ramirent. This acquisition was a strategic masterpiece for Loxam, balancing its geographical exposure (heavily French-centric at the time) by adding dominant positions in Finland, Sweden, Norway, Poland, and the Baltic states
05/2019	INITIATIVE & FINANCE	NORD COFFRAGE	FRANCE	Industrial Services	Initiative & Finance and Turenne Groupe acquired a majority stake in Nord Coffrage to support its national expansion. Under the leadership of the founder and a reinforced management team, the goal was to capitalize on the Grand Paris projects and densify the regional agency network (Lille, Paris, Lyon, Nantes)

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 100M - 200M EUR

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