At what enterprise value was DELTANORDIC acquired in 2025?

During the acquisition of DELTANORDIC by KITRON 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 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 DELTANORDIC when it was acquired by KITRON?

The estimated EV/EBITDA multiple for DELTANORDIC is in the range of 5x - 12x. 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 DELTANORDIC acquired by KITRON?

DELTANORDIC was acquired by KITRON in 2025.

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

The revenue of DELTANORDIC 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 DELTANORDIC during the acquisition?

DELTANORDIC'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 DELTANORDIC 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 DELTANORDIC 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.inderes.dk/en/releases/kitron-acquires-deltanordic-strengthening-its-position-in-defence

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Home Database Industry & ManufacturingDELTANORDIC

11/2025

DELTANORDIC acquired by KITRON

SWEDEN Industrial Equipment / Components / Electrical Equipment EV 100M - 350M EUR

Context

Kitron ASA has announced the acquisition of DeltaNordic AB. The transaction was disclosed in a press release in November and involves the purchase of all outstanding shares from the current owners. Completion is subject to approval by Swedish competition and strategic product authorities and is expected in late December or early January. The acquisition aligns with Kitron’s objective to deepen its presence in the defence and aerospace sector and to extend its engineering capabilities in rugged electronics. By adding DeltaNordic’s expertise in designing and producing systems for high‑risk environments, Kitron aims to broaden its service offering and to capture growth in markets such as defence, mining and infrastructure that demand resilient solutions. Post‑closing, the combined entity is expected to integrate design teams and harmonize production processes across Europe and Asia, creating capacity for larger programmes and reducing overlap in customer bases. The integration should enhance the ability to deliver complete system solutions, improve supply‑chain resilience and support entry into new contracts that leverage the expanded technical portfolio.

DELTANORDIC, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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

DeltaNordic AB is a Swedish engineering company that designs and manufactures advanced electronics and electrical systems for sectors requiring high reliability. Its product portfolio includes ruggedized control units, power distribution modules, sensor interfaces and custom‑engineered wiring solutions that meet stringent environmental and safety standards. The firm supplies its offerings to blue‑chip customers operating in defence, mining, construction and infrastructure, focusing on projects where system failure carries substantial cost. Design activities are carried out in Stockholm, while production is split between two facilities in Sweden and an additional plant in Nanjing, China, enabling a mix of European engineering oversight and Asian manufacturing capacity. DeltaNordic follows a contract‑manufacturing model in which it assumes responsibility for product development, prototyping, series production and after‑sales support, generating revenue through long‑term supply agreements and project‑based contracts. The company has built a reputation for delivering solutions that integrate high‑performance electronics with robust mechanical enclosures, catering to both government programmes and private‑sector infrastructure projects. Its customer base is diversified across multiple high‑value markets, reducing reliance on any single industry. Since its inception, the organization has expanded its technical expertise through continuous investment in testing facilities and certification processes, positioning itself as a specialist provider within demanding application environments.

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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 DELTANORDIC by KITRON 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).

Target: deltanordic

Acquirer: kitron