mynth
11/2025100%

Deltanordic acquired by Kitron

SWEDEN Industrial Equipment / Components / Electrical Equipment EV €100–350M

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 [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of 5x–12x.

-> Deep-dive in Industry & Manufacturing market trends

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.

Ent. Value

€100–350M

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

5x–12x

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2026
€50–100M
€5–25M
[members only]
2025
€50–100M
€5–25M
[members only]

Similar deals in Industrial Equipment

Similar deals in Industrial Equipment
DateAcquirerTargetCountrySector
12/2025AZZURRA CAPITAL / AZIMUT LIBERA IMPRESANEXTCHEMITALYChemical Production Lines
12/2025VALMETSEVERN GROUPFINLANDValves, Pumps & Taps
11/2025MANAGEMENT & PRIVATE INVESTORSPOGGIPOLINIITALYComponents
11/2025RIVEAN CAPITALENGELMANN SENSORGERMANYInstrumentation & Measurement
11/2025PARKER HANNIFIN CORPORATIONFILTRATION GROUP CORPORATIONUNITED STATESComponents
10/2025SOFTBANKABB ROBOTICS BUSINESSSWITZERLANDRobotics & Automation
10/2025MOLEX ELECTRONIC TECHNOLOGIESSMITHS INTERCONNECTUNITED KINGDOMComponents
10/2025NEXANSELECTRO CABLESCANADACabling & Connectivity
10/2025KEYSIGHT TECHNOLOGIESSPIRENT COMMUNICATIONSUNITED KINGDOMInstrumentation & Measurement
09/2025KNORR-BREMSEDUAGONSWITZERLANDElectrical Equipment

REFERENCES

Valuation range: EV €100–350M

Revenue range: €50–100M

EBITDA range: €5–25M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 5x - 12x

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: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: deltanordic

FAQ

What transaction does this page cover?

This page covers Kitron’s acquisition of 100% of Deltanordic, a Swedish company specialised in Components, in 2025.

How was the acquisition of Deltanordic by Kitron valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €100–350M band, its EV/EBITDA multiple within the 5x - 12x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Deltanordic’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Deltanordic generated annual revenue estimated in the €50–100M range and EBITDA in the €5–25M bracket (FY 2026). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction data and operational intelligence were compiled from independent financial press reporting by specialized M&A publications.

What is mynth?

mynth is the first free M&A database dedicated to Small & Mid-Cap transactions. We centralize Enterprise Values, revenue multiples, EBITDA multiples and transaction financials that are typically locked behind five-figure subscriptions on platforms like Capital IQ or Mergermarket. On mynth, searching and browsing deals is completely free. Our mission is simple: make professional-grade valuation intelligence accessible to every M&A advisor, independent consultant, Private Equity professional and student, without the burden of expensive annual licenses.