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M&A

GREEN INSTRUMENTS

Acquired by

LIFCO

DENMARK Industrial Equipment REV [100m DKK - 500m DKK] 11/2023

Target

GREEN INSTRUMENTS

Acquirer

LIFCO

Context

Green Instruments has been acquired by Lifco. The strategic rationale for the move centers on the industrial synergy between Green Instruments' market-leading position in IMO-compliant monitoring systems and Lifco’s established expertise in scaling niche technical leaders through a decentralized operating model. This operation enable Lifco to reinforce its ability to address the increasing demand for high-reliability environmental monitoring driven by the maritime sector’s transition to carbon-neutral operations. The partnership is designed to leverage the group’s industrialized R&D resources and global presence to support the continued scaling of Green Instruments’ proprietary sensing portfolio across international shipping hubs. This integration facilitates the creation of a more robust environmental technology platform, providing the strategic depth required to navigate the maturing landscape of global maritime regulation. The move solidifies Lifco’s standing as a primary enabler of mission-critical emission transparency and industrial sustainability.

This transaction is part of the Industry & Manufacturing industry, which currently tracks an average EBITDA multiple of 10.5x since the beginning of 2026, 3.1% increase compared to 2025. 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

Green Instruments is a specialized technology organization dedicated to the design, engineering, and manufacturing of advanced measurement systems for maritime exhaust and water emissions. The entity’s business model is centered on a proprietary framework of continuous emission monitoring systems (CEMS) that track sulfur oxides (SOx), nitrogen oxides (NOx), and particulate matter directly from vessel exhaust streams. Its value proposition is anchored in technical operational depth, providing shipowners and operators with the highly reliable data necessary to ensure compliance with stringent global environmental protocols. Strategically, the firm focuses on the mission-critical needs of the global fleet, offering sensors that must operate accurately in the extreme thermal and saline conditions of marine environments. By maintaining a niche leadership position in scrubber monitoring and oil mist detection, the organization ensures a vital role in the structural modernization of sustainable maritime transport. The entity prioritizes technical reliability and industrialized longevity to facilitate the structural safety of ocean-going vessels.

Ent. Value

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Equity Value

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Multiples Analysis

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2022
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2021
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Other operations with GREEN INSTRUMENTS

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.