EIFFAGE
takes majority stake in
HAND & WERK
EIFFAGE takes majority stake in HAND & WERK
Context
The acquisition of Hand & Werk by Eiffage is a strategic move to expand its presence in the German data centre market. The deal enables Eiffage Énergie Systèmes to strengthen its position in the high-growth segment of digital infrastructure, which is a strategic development priority for the division. The acquisition also allows Eiffage to leverage Hand & Werk's expertise and experience in data centre projects to expand its maintenance and service offerings for data centre operators. The deal is subject to approval by the German competition authorities and is expected to close within 2026. The acquisition of Hand & Werk is a key step in Eiffage's strategy to expand its presence in the European data centre market and to establish itself as a leading player in the industry. The deal is expected to have a positive impact on Eiffage's revenue and profitability, and to enable the company to capitalize on the growing demand for digital infrastructure.
HAND & WERK, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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.
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Target
Hand & Werk is a leading player in the German data centre market, specializing in turnkey solutions for data centres. The company provides a range of services, from the design and installation of building technical systems to equipment maintenance. With a workforce of 200, Hand & Werk has delivered 26 projects, building up its reputation as a trusted partner in the industry. The company operates under the DC Blue brand and has established a strong presence in the German market since its founding in 2019. Hand & Werk's expertise and experience in data centre projects have enabled it to expand its services to meet the growing demand for digital infrastructure. The company's commitment to operational continuity and customer satisfaction has earned it a loyal customer base and a reputation for reliability and quality.
Ent. Value
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Equity Value
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Multiples
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (EUR)
Other operations with HAND & WERK
REFERENCES
Revenue range: 50M - 100M EUR
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Authors: 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: hand & werk
Acquirer: eiffage