EURAZEO takes majority stake in IES SYNERGY
Context
The acquisition of IES by Eurazeo Croissance represents a strategic move to support the growth and development of a pioneering company in the electric vehicle charging market. With its strong expertise and recognized products, IES is well-positioned to benefit from the increasing demand for electric vehicle charging solutions. Eurazeo Croissance's investment in IES aims to provide the company with the necessary resources to accelerate its transformation into a global leader in the electric vehicle charging market. The partnership between Eurazeo Croissance and IES's management team is expected to drive the company's growth, both organically and through external opportunities. The acquisition is also expected to enable IES to reinforce its research and development capabilities, further develop its commercial presence internationally, and explore new opportunities for growth. By combining IES's technical expertise with Eurazeo Croissance's financial and strategic support, the company is poised to become a leading player in the global electric vehicle charging market.
IES SYNERGY, which reported an EBITDA margin of in 2012, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.5x).
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Target
IES is a French company that designs and manufactures charging systems for electric vehicles. Founded in 1992, the company initially focused on industrial vehicle chargers but has since expanded its product line to include onboard chargers for electric cars and high-power external chargers. IES has developed a recognized expertise in compact and high-performance products, mastering both CHAdeMo and Combo standards. The company has secured significant contracts, including the supply of onboard chargers for Renault's Twizy model, and counts major automotive manufacturers such as Volkswagen and BMW among its clients. With a strong growth trajectory, IES has increased its revenue from 5 million euros in 2006 to 14 million euros in 2012. The company's business model is centered around the development and sale of charging solutions, with a focus on innovation, quality, and customer service. IES operates primarily in the business-to-business segment, supplying its products to automotive manufacturers and other industry players.
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REFERENCES
Valuation range: EV 10M - 30M EUR
Revenue range: 5M - 25M 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.
Target: ies synergy
Acquirer: eurazeo