Engelmann Sensor acquired by Rivean Capital

GERMANY Industrial Equipment / Special Machinery / Instrumentation & Measurement EV €300–700M

Context

Rivean Capital has acquired 100% of Engelmann Sensor from Deutsche Private Equity (DPE). The management team will remain invested in the business. The strategic rationale for the exit follows a five-year period under DPE ownership during which Engelmann more than doubled its EBITDA and significantly expanded its international footprint into markets like Canada and the UAE. For Rivean, the acquisition provides a platform to capitalize on the digitalization of the building technology sector. The deal is structured to leverage Engelmann’s high-margin hardware base to upsell software-as-a-service (SaaS) solutions for consumption data management.

By taking control of Engelmann Sensor, Rivean Capital continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Valcon in 2024.

Engelmann Sensor, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

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Target

Engelmann Sensor is a leading European manufacturer of smart metering devices for water and energy consumption, specifically tailored for multi-family buildings. Its business model focuses on being a high-volume, high-precision OEM supplier to major sub-metering service providers (such as Techem and ista). The company’s value proposition centers on its comprehensive product portfolio, including electronic heat cost allocators, water meters, and smart gateways that enable remote reading. Strategically, Engelmann has transitioned from a domestic hardware specialist into an international provider of sub-metering systems, shipping approximately one million devices annually from production sites in Germany and China. Under the "Value Engineering" approach, the firm integrates hardware with consumption-reporting software to meet increasing regulatory demands for energy transparency in Europe and beyond.

Ent. Value

€300–700M

Equity Value

[members only]

Multiples

EV / Revenue

2x–6x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2024

2023

Other operations with Rivean Capital

Other operations with Rivean Capital
Date	Acquirer	Target	Country	Sector
12/2024	RIVEAN CAPITAL	VALCON	NETHERLANDS	Consulting & Integration
12/2024	RIVEAN CAPITAL	ACTURE GROUP	NETHERLANDS	HR & Capital

Similar deals in Industrial Equipment

Similar deals in Industrial Equipment
Date	Acquirer	Target	Country	Sector
12/2025	AZZURRA CAPITAL / AZIMUT LIBERA IMPRESA	NEXTCHEM	ITALY	Chemical Production Lines
12/2025	INTERPUMP GROUP	FARMA	ITALY	Valves, Pumps & Taps
11/2025	KITRON	DELTANORDIC	SWEDEN	Electrical Equipment
11/2025	PARKER HANNIFIN CORPORATION	FILTRATION GROUP CORPORATION	UNITED STATES	Components
11/2025	MANAGEMENT & PRIVATE INVESTORS	POGGIPOLINI	ITALY	Components
10/2025	KEYSIGHT TECHNOLOGIES	SPIRENT COMMUNICATIONS	UNITED KINGDOM	Instrumentation & Measurement
10/2025	MOLEX ELECTRONIC TECHNOLOGIES	SMITHS INTERCONNECT	UNITED KINGDOM	Components
10/2025	NEXANS	ELECTRO CABLES	CANADA	Cabling & Connectivity
10/2025	SOFTBANK	ABB ROBOTICS BUSINESS	SWITZERLAND	Robotics & Automation
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REFERENCES

Valuation range: EV €300–700M

Revenue range: €50–100M

EBITDA range: €10–30M

EV/Revenue range: 2x - 6x

EV/EBITDA range: 10x - 18x

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of Engelmann Sensor by Rivean Capital 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.

FAQ

What transaction does this page cover?

This page covers Rivean Capital’s acquisition of 100% of Engelmann Sensor, a German company specialised in Special Machinery, in 2025, structured as a leveraged buyout (LBO).

How was the acquisition of Engelmann Sensor by Rivean Capital valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the €300–700M band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 2x - 6x range. Exact figures are available to members.

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

At the time of the transaction, Engelmann Sensor generated annual revenue estimated in the €50–100M range and EBITDA in the €10–30M bracket (FY 2024). Detailed financial figures are available to members.

What sources support the information on this transaction?

Transaction intelligence is supported by independent reporting from specialized financial publications, alongside a private document shared by the community and verified by the mynth team to ensure the accuracy of the shared information.

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