INNOFOUR acquired by SESA GROUP
Context
Var Group acquired a 60% stake in InnoFour B.V. to expand its digital engineering footprint into the Benelux and Scandinavian markets. InnoFour will be integrated into the Var Industries BU, which, following this transaction, expects to reach EUR65 million in annual revenue with a team of over 200 professionals. The four founding partners of InnoFour will remain operatively involved with equity commitments to ensure sustainable integration and growth. This deal reinforces Sesa's internationalization strategy, focusing on high-value "bolt-on" industrial M&A within the European manufacturing sector.
By taking control of Innofour, Sesa Group continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Smart Engineering in 2024.
INNOFOUR, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than 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.
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Target
InnoFour is a specialized provider of Electronic Design Automation (EDA), simulation software, and Computer-Aided Engineering (CAE) solutions. A key partner of Siemens Digital Industries Software, InnoFour provides design, consulting, and engineering services such as Computational Fluid Dynamics (CFD) and Application Lifecycle Management (ALM). The firm serves approximately 250 international engineering-intensive enterprise customers across the Benelux and Scandinavia, primarily within the electronics, aerospace, defense, automotive, and automation sectors.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 0M - 15M EUR
Revenue range: 5M - 25M EUR
EBITDA range: 0M - 5M EUR
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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: innofour
Acquirer: sesa group