At what enterprise value was EXAIL TECHNOLOGIES acquired in 2026?

During the acquisition of EXAIL TECHNOLOGIES by THALES in 2026, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 3b - 100b EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of EXAIL TECHNOLOGIES when it was acquired by THALES?

The estimated EV/EBITDA multiple for EXAIL TECHNOLOGIES is in the range of Above 20x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.4x. Join our community for free to access full valuation data and industry trends.

When was EXAIL TECHNOLOGIES acquired by THALES?

EXAIL TECHNOLOGIES was acquired by THALES in 2026.

What was the revenue of EXAIL TECHNOLOGIES at the time of the deal?

The revenue of EXAIL TECHNOLOGIES at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of EXAIL TECHNOLOGIES during the acquisition?

EXAIL TECHNOLOGIES's EBITDA is estimated to be in the range of 100M - 200M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the EXAIL TECHNOLOGIES acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the EXAIL TECHNOLOGIES deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.thalesgroup.com/fr/actualites-du-groupe/communiques-de-presse/thales-va-acquerir-la-participation-de-la-famille-gorge

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Home Database Industry & ManufacturingEXAIL TECHNOLOGIES

07/2026

EXAIL TECHNOLOGIES acquired by THALES

FRANCE Aerospace, Naval & Defense / Naval EV 3b - 100b EUR

Context

Exail Technologies has been acquired by Thales following an agreement with the Gorgé family to transfer their combined 35.51 % holding in Exail and to launch a mandatory public tender offer for the remaining shares. The transaction is scheduled for completion of the initial stake transfer in the third quarter of 2027, subject to antitrust and regulatory clearances, with the full tender offer expected to close by early 2028. The Exail board has issued an unconditional recommendation in favour of the proposal. Thales pursues the acquisition to strengthen its portfolio in underwater warfare and inertial navigation by incorporating Exail’s autonomous maritime systems and high‑precision navigation units. The combined entity will benefit from complementary research programmes, shared sensor technologies and a broader customer base spanning civil and defence sectors. The deal aligns with Thales’ objective of reinforcing European sovereign capabilities in dual‑use technologies and expanding its addressable market in maritime and space applications. Post‑closing, the groups plan to integrate product development cycles, consolidate supply chains and harmonise after‑sales support networks to generate operational efficiencies. Joint engineering teams will accelerate the delivery of integrated anti‑mine drone solutions and next‑generation navigation kits, while coordinated sales efforts aim to increase market penetration across existing and new contracts. The expected synergies include streamlined R&D expenditures, shared production facilities and enhanced scale in procurement, contributing to improved margins and competitive positioning.

By taking control of Exail Technologies, Thales continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Imperva in 2023.

EXAIL TECHNOLOGIES, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Industry & Manufacturing sector (11.4x).

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

Exail Technologies is a French industrial group that develops high‑technology dual‑use solutions for maritime robotics, inertial navigation, photonics and quantum applications. Formed in 2022 through the merger of ECA Group and iXblue, the company integrates design, manufacturing and field deployment within a single value chain. Its product portfolio includes autonomous underwater vehicles, surface drones, collaborative drone swarms, and the UMIS autonomous anti‑mine system, as well as the DriX high‑endurance surface platform. In the navigation segment, Exail supplies inertial navigation units for naval, land and space platforms and holds a leading position in the global market for naval inertial cores. The advanced‑technology segment commercialises optical, photonic and quantum components, simulators and embedded communication systems that are incorporated into its own and third‑party products. Exail serves civilian and military customers in approximately 80 countries and operates under a non‑ITAR regime, allowing unrestricted export of its dual‑use technologies.

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REFERENCES

Valuation range: EV 3b - 100b EUR

Revenue range: 250M - 500M EUR

EBITDA range: 100M - 200M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of EXAIL TECHNOLOGIES by THALES are reserved for mynth community members. Register for free to unlock full data.

Authors: verified 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: exail technologies

Acquirer: thales