DICSA GROUP acquired by DIPLOMA
Context
Diploma PLC has acquired 100% of the Dicsa Group from the founding Carmen-Lequerica family. The strategic rationale for the acquisition is to accelerate the growth of Diploma’s Seals and Fluid Management division by integrating a market leader in continental Europe. Dicsa provides Diploma with significant exposure to the Spanish, French, and German markets, complementing its existing strongholds in the UK and the US. The transaction was initiated due to a lack of generational continuity within the founding family, ensuring the long-term sustainability of Dicsa’s expansion plan. For Diploma, the deal represents a high-quality "core" acquisition with attractive margins and a strong track record of organic growth. The integration is expected to leverage Dicsa’s manufacturing expertise in stainless steel to enhance Diploma’s global product portfolio.
DICSA GROUP, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).
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Target
Founded in 1983, Dicsa is a leading manufacturer and distributor of hydraulic and pneumatic connectors and components. The company operates a differentiated business model as both a specialized manufacturer of stainless steel fittings and a value-added distributor for a wide range of industrial applications. Its value proposition is built on an extensive product range (over 65,000 references) and rapid global delivery capabilities. Strategically, Dicsa is the market leader in Spain and maintains a strong international presence with subsidiaries in Italy and the United States. Serving as a critical link in the fluid power supply chain, the firm provides essential components for the construction, agriculture, and renewable energy sectors, ensuring high-performance fluid management in demanding environments.
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REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 10M - 30M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.