mynth
← DATABASE
11/2025

ENGELMANN SENSOR acquired by RIVEAN CAPITAL

GERMANY Industrial Equipment / Special Machinery / Instrumentation & Measurement EV 300M - 700M EUR

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.

ENGELMANN SENSOR, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.7x).

-> Deep-dive in Industry & Manufacturing market trends

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

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

Similar deals in Industrial Equipment

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
12/2025HALMAE2S GROUPUNITED KINGDOMSafety & Security
12/2025CVCSMITHS DETECTIONUNITED KINGDOMSafety & Security
11/2025PARKER HANNIFIN CORPORATIONFILTRATION GROUP CORPORATIONUNITED STATESComponents
11/2025MANAGEMENT & PRIVATE INVESTORSPOGGIPOLINIITALYComponents
11/2025KITRONDELTANORDICSWEDENElectrical Equipment
10/2025NEXANSELECTRO CABLESCANADACabling & Connectivity
10/2025SOFTBANKABB ROBOTICS BUSINESSSWITZERLANDRobotics & Automation
10/2025MOLEX ELECTRONIC TECHNOLOGIESSMITHS INTERCONNECTUNITED KINGDOMComponents
10/2025KEYSIGHT TECHNOLOGIESSPIRENT COMMUNICATIONSUNITED KINGDOMInstrumentation & Measurement
09/2025MIRIONPARAGON ENERGY SOLUTIONSUNITED STATESInstrumentation & Measurement

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 10M - 30M EUR

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.

Acquirer: rivean capital