At what enterprise value was CURIO acquired in 2019?

You can find the full valuation details of CURIO on mynth capital. 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 Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CURIO when it was acquired by MAREL?

The exact EV/EBITDA multiple for CURIO is available on mynth capital. For comparison, the Industry & Manufacturing 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 CURIO acquired by MAREL?

CURIO was acquired by MAREL in 2019.

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

The revenue of CURIO at the time of the deal is estimated to be in the range of 5M - 25M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 CURIO 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 CURIO 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://curio.is/en/marel-agrees-to-acquire-50-stake-in-curio/

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Home Database Industry & ManufacturingCURIO

12/2019

MAREL takes majority stake in CURIO

ICELAND Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines REV 5M - 25M EUR

Context

The transaction establishes a phased corporate acquisition framework enabling Marel to secure an initial minority stake in Curio before graduating to majority consolidation, with a final call option structured to absorb the remaining equity within a four-year horizon. This staggered ownership transition effectively de-risks the integration process by preserving management continuity under the target's founding chief executive, thereby maintaining critical technical oversight and stabilizing long-term client relationships in the core Nordic and British markets. The combination executes a clear capital deployment rationale by filling a critical upstream hardware gap in Marel's whitefish processing line, allowing the buyer to market an uninterrupted full-line automated solution to global seafood processors. Post-acquisition execution will prioritize scaling the target's localized hardware through the buyer's institutional sales channels, embedding the proprietary Innova software stack across all active Curio machinery installations to drive data connectivity, and capturing unexploited lifecycle service revenues by channeling the target's installed machinery base into Marel's established global aftermarket support grid.

By taking control of Curio, Marel continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Cedar Creek Company in 2019.

CURIO, which reported an EBITDA margin of LOGIN in 2018, 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 (11.1x).

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.

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Target

Curio specializes in the engineering and manufacturing of primary processing hardware for the global whitefish sector, delivering automated heading, filleting, and skinning systems. The firm generates cash flow through the sale of high-specification mechanical equipment and a predictable stream of replacement blades and mechanical wear-and-tear components dictated by continuous high-throughput plant operations. Its commercial footprint is predominantly anchored in the Nordics and the United Kingdom, serving industrial seafood processors whose procurement cycles are driven by strict biological yield optimization mandates and systemic labor shortages in fish processing facilities.

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REFERENCES

Revenue 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 CURIO by MAREL 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).

Press release: view release

Target: curio