At what enterprise value was HOWDEN acquired in 2023?

During the acquisition of HOWDEN by CHART INDUSTRIES in 2023, 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 3b - 100b 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 Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of HOWDEN when it was acquired by CHART INDUSTRIES?

The estimated EV/EBITDA multiple for HOWDEN is in the range of 10x - 18x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

When was HOWDEN acquired by CHART INDUSTRIES?

HOWDEN was acquired by CHART INDUSTRIES in 2023.

What was the revenue of HOWDEN at the time of the deal?

The revenue of HOWDEN at the time of the deal is estimated to be in the range of 1b - 3b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of HOWDEN during the acquisition?

HOWDEN's EBITDA is estimated to be in the range of 250M - 500M 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 HOWDEN 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 HOWDEN 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.chartindustries.com/News-And-Events/Chart-to-Acquire-Howden

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Home Database Industry & ManufacturingHOWDEN

03/2023

HOWDEN acquired by CHART INDUSTRIES

UNITED KINGDOM Industrial Equipment / Special Machinery EV 3b - 100b USD

Context

Chart Industries has successfully finalized the acquisition of 100% of the common stock of the target organization from an international private equity sponsor. This transformative strategic transaction creates a differentiated global champion in the fluid handling and cryogenic sectors, uniting a leader in stationary equipment with a pioneer in rotating gas handling solutions. The strategic rationale for the move centers on the expansion of the group's "Nexus of Clean™" portfolio, specifically targeting the accelerating energy transition and industrial decarbonization markets. By incorporating the target’s specialized compressor and fan technologies, the organization significantly reduces lead times for critical liquefaction projects and enhances its multidisciplinary engineering capacity. The partnership focuses on leveraging the target’s extensive global service and aftermarket footprint to increase the group's margin profile and operational resiliency. This integration facilitates a more comprehensive solution set for high-growth areas such as hydrogen infrastructure, carbon capture and storage (CCUS), and water treatment. The move reinforces the group’s standing as a primary technical enabler for sustainable industrial growth on a global scale.

HOWDEN, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

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

Howden is a specialized technology organization dedicated to the design and supply of mission-critical air and gas handling solutions. The entity’s business model is built on providing highly engineered equipment, including fans, compressors, and rotary heat exchangers, that facilitate essential industrial workflows. Its value proposition centers on technical durability and high-precision engineering for applications where reliability is vital, particularly in harsh environments. Strategically, the firm focuses on the energy transition, supporting global decarbonization targets through advanced gas handling and carbon capture integration. By maintaining a massive installed base and a global service network, the organization ensures a mission-critical role in power generation, mining, and industrial processing. The firm prioritizes innovation in digitalization and IoT to optimize asset performance and operational efficiency.

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Similar deals in Industry & Manufacturing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
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11/2022	IDEX CORPORATION	MUON GROUP	NETHERLANDS	Industrial Equipment	IDEX Corporation has successfully finalized the acquisition of 100% of the share capital of Muon Group, marking a transformative addition to its Health & Science Technology (HST) segment. This strategic transaction represents a significant expansion of the group's micro-precision manufacturing capabilities, specifically targeting high-growth sectors with extreme technical requirements such as semiconductors and advanced medical diagnostics
10/2022	TRELLEBORG GROUP	MINNESOTA RUBBER & PLASTICS	UNITED STATES	Industrial Equipment	The acquisition of the Minnesota Rubber & Plastics by Trelleborg represents a transformational milestone for the group’s sealing division, signaling a definitive shift in its North American competitive landscape
09/2022	ABENEX	ORIGIN GROUP	FRANCE	Industrial Equipment	Abénex has acquired a majority stake in Origin Group, taking over from previous financial partners Initiative & Finance and Elige Capital, who had held the company since 2016. The transaction also facilitates the full exit of one of the founding families while allowing the management team, led by President Bertrand Sée, to increase their equity stake
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07/2022	AMBIENTA	HOLWEG WEBER	UNITED STATES	Industrial Equipment	Ambienta SGR SpA has completed the acquisition of HolwegWeber and will integrate the company with its existing platform In.Pack Machinery, forming a combined entity that operates across three continents

REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 1b - 3b USD

EBITDA range: 250M - 500M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HOWDEN by CHART INDUSTRIES 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: chart industries