At what enterprise value was HOBART ELECTRONICS acquired in 2019?

During the acquisition of HOBART ELECTRONICS by DISCOVERIE GROUP in 2019, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 10M - 30M USD. 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 TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of HOBART ELECTRONICS when it was acquired by DISCOVERIE GROUP?

The estimated EV/EBITDA multiple for HOBART ELECTRONICS is in the range of 5x - 12x. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was HOBART ELECTRONICS acquired by DISCOVERIE GROUP?

HOBART ELECTRONICS was acquired by DISCOVERIE GROUP in 2019.

What was the revenue of HOBART ELECTRONICS at the time of the deal?

The revenue of HOBART ELECTRONICS at the time of the deal is estimated to be in the range of 5M - 25M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of HOBART ELECTRONICS during the acquisition?

HOBART ELECTRONICS's EBITDA is estimated to be in the range of 0M - 5M USD. 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 HOBART ELECTRONICS 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 HOBART ELECTRONICS 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.discoverieplc.com/news-centre/news/news-details/2019/Acquisitions-of-Hobart-Electronics-and-Positek-Limited-04-16-2019/default.aspx

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Home Database TMT (Tech, Media, Telecom)HOBART ELECTRONICS

04/2019

HOBART ELECTRONICS acquired by DISCOVERIE GROUP

UNITED STATES Hardware & Electronics / Electronic Components / Sensors & Optics EV 10M - 30M USD

Context

discoverIE Group plc has acquired 100% of the US-based company Hobart Electronics as part of a dual acquisition strategy that also included the British firm Positek. The strategic rationale for the acquisition is to strengthen discoverIE’s Design & Manufacturing (D&M) division and expand its geographic reach in the North American market. Hobart’s expertise in custom magnetic components perfectly aligns with discoverIE’s focus on high-margin, application-specific electronics for industrial sectors. By integrating Hobart’s engineering and manufacturing capabilities, discoverIE enhances its ability to serve international OEMs and increases the proportion of its revenue generated from outside Europe. This bolt-on acquisition is consistent with the group's long-term strategy of consolidating niche electronic specialists to drive underlying earnings growth.

HOBART ELECTRONICS, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as low as the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

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.

-> Deep-dive in TMT (Tech, Media, Telecom) market trends

Target

Hobart Electronics is a US-based designer and manufacturer of customized electronic components, specifically focusing on transformers, inductors, and magnetic modules. The organization provides application-specific solutions tailored to the needs of industrial original equipment manufacturers (OEMs). With its specialized engineering capabilities, the entity develops components that meet precise customer requirements for ongoing production cycles. Its product portfolio is essential for managing power and signals in various electronic applications. By focusing on high-quality, customized products, the group maintains long-term customer relationships and generates a high level of recurring revenue. The firm is recognized for its technical expertise in magnetic technologies, serving as a critical supplier within the North American industrial electronics supply chain.

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04/2014	PAI PARTNERS / THE CARLYLE GROUP	INNOVISTA (EX CST)	FRANCE	Hardware & Electronics	The Carlyle Group and PAI Partners have entered into exclusive negotiations with Schneider Electric to acquire a majority stake in Custom Sensors & Technologies (CST). The transaction is structured on an equal basis between Carlyle Europe Partners IV and PAI Europe VI, with Schneider Electric retaining approximately 30% of the capital and the management team holding around 2%

REFERENCES

Valuation range: EV 10M - 30M USD

Revenue range: 5M - 25M USD

EBITDA range: 0M - 5M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HOBART ELECTRONICS by DISCOVERIE GROUP 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

Acquirer: discoverie group