At what enterprise value was KÄRNFULL acquired in 2026?

You can find the full valuation details of KÄRNFULL on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 0M - 15M 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 Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of KÄRNFULL when it was acquired by STUDSVIK?

The exact EV/EBITDA multiple for KÄRNFULL is available on mynth capital. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was KÄRNFULL acquired by STUDSVIK?

KÄRNFULL was acquired by STUDSVIK in 2026.

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 KÄRNFULL 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 KÄRNFULL 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.world-nuclear-news.org/articles/studsvik-acquires-swedish-smr-project-development-firm

← DATABASE

Home Database Business ServicesKÄRNFULL

03/2026

KÄRNFULL acquired by STUDSVIK

SWEDEN Industrial Services / Engineering & Consulting EV 0M - 15M EUR

Context

Studsvik AB has finalized the acquisition of Kärnfull Next, a specialized developer of small modular reactor (SMR) projects, to transition from a technical services provider into a full-lifecycle nuclear platform. This strategic move allows the organization to integrate its historical expertise in fuel technology, materials analysis, and radioactive waste management with early-stage project development, site selection, and feasibility studies. The partnership aims to accelerate the deployment of decentralized nuclear energy solutions across Sweden, capitalizing on the increasing demand for energy security and carbon-neutral power. The strategic rationale centers on creating a truly integrated nuclear services platform that can support projects from inception through operation to decommissioning. By utilizing its strategic industrial site near Nyköping and securing land rights for future SMR parks, the group intends to achieve significant economies of scale in technology selection and financing. The integration of this technology-agnostic developer provides the group with a flexible entry point into the next generation of nuclear power, including potential deployments of advanced reactor designs like the GE Hitachi BWRX-300. This move reinforces the group's role as a primary enabler of the Swedish electrification strategy and a leader in the industrial transformation of the nuclear sector.

KÄRNFULL, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).

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 Business Services market trends

Target

Kärnfull Next is a specialized project development firm focused on the deployment of Small Modular Reactors (SMRs). The organization operates a technology-agnostic business model, managing the entire early-stage lifecycle of nuclear projects, including site selection, feasibility studies, and the establishment of "SMR parks." Its value proposition centers on de-risking nuclear investments by coordinating technology selection, construction partnerships, and power purchase agreements (PPAs) for municipal and industrial clients. Strategically, the entity focuses on achieving economies of scale through a programmatic approach to multiple reactor deployments within the same geographical region. By securing land rights and navigating complex regulatory frameworks, the firm serves as a bridge between reactor technology providers and energy off-takers. The organization is a key player in the Swedish energy transition, prioritizing decentralized, high-reliability power generation to support electrification and energy security.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2026

2025

Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
04/2026	UL SOLUTIONS	MET LABS	UNITED STATES	Industrial Services	The global safety science leader has signed a definitive agreement to acquire the electrical and electronics testing business of Eurofins Scientific, a French life sciences laboratory group. This strategic transaction represents a definitive portfolio pruning for the seller, marking a structural exit from the technical industrial testing space to concentrate resources on its core bio-analytical segments
04/2026	MONTYON CAPITAL	TRIGO	FRANCE	Industrial Services	Montyon Capital has finalized the acquisition of a majority stake in Trigo from Ardian, a maneuver designed to fundamentally accelerate the group’s transformation into a multi-sector leader in industrial quality assurance
03/2026	GRAFTON GROUP	MERCALUZ	SPAIN	Industrial Services	Grafton Group PLC has agreed to acquire the entire share capital of the Spanish Mercaluz Group. This transaction follows Grafton's recent entry into the region via the acquisition of Salvador Escoda, effectively creating an Iberian HVAC powerhouse with combined annualized sales of c
03/2026	CERTANIA	ICA GROUP	UNITED KINGDOM	Industrial Services	CERTANIA Holding GmbH has completed the acquisition of ICA Group from CEPS PLC and other shareholders. The acquisition was structured with an upfront payment and a contingent earn,out payment for certain shareholders, though the primary corporate seller received full consideration for its equity ownership upon completion to ensure a fully de-risked exit
03/2026	CHEQUERS	GROUPE ASERTI	FRANCE	Industrial Services	Chequers Capital, in partnership with management, has acquired Groupe Aserti from Parquest Capital in a fourth LBO transaction. Negotiated on a bilateral basis without an auction, the deal ensures continuity under CEO Pierre Brisset, who took over in 2020 after founder Jean-Louis Gaertner retired
02/2026	PENINSULA CAPITAL	EUROPEAN QUALITY ASSURANCE	SPAIN	Industrial Services	Peninsula Capital has acquired a majority stake in EQA (European Quality Assurance), a leading player in Spain's certification, inspection, and verification services sector. The transaction takes place in a market characterized by significant fragmentation and favorable structural trends, driven by increasing regulatory requirements, growing ESG considerations, and the digitalization of compliance processes
02/2026	PHENNA GROUP	SIGMA TRE	ITALY	Industrial Services	The acquisition of Sigma Tre Lab by Phenna Group signifies a major territorial advancement for the group’s Industrial Division, marking its sixth acquisition in Italy within eighteen months. The strategic logic of this transaction hinges on a "specialist-technical" maneuver, merging the target’s technical operational depth in metallic materials testing with the acquirer’s global scale and sophisticated buy-and-build infrastructure
01/2026	EMAGINE	WAADA THE MOVEMENT	NETHERLANDS	Industrial Services	Emagine has completed the 100% acquisition of the Dutch consultancy Waada The Movement, following a preliminary agreement reached in January 2026. The transaction fully integrates Waada’s specialized brands, Prowareness and DevOn, into emagine’s unified global operating model
12/2025	VULCAIN INGENIERIE	INCICO	ITALY	Industrial Services	Vulcain Engineering Group has acquired a majority stake in Incico. The current CEO and key management have reinvested to retain a minority stake and will continue to lead the company. Historical shareholder Giovanni Monini sold his stake but remains as VP of Business Development
12/2025	DXP ENTERPRISES	PUMP SOLUTIONS	UNITED STATES	Industrial Services	DXP Enterprises, Inc. has completed the acquisition of Pump Solutions, Inc., a specialized entity focused on marketing pumps, control systems, and associated maintenance services, primarily catering to the water and wastewater treatment sector

REFERENCES

Valuation range: EV 0M - 15M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KÄRNFULL by STUDSVIK 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).

Target: kärnfull

Acquirer: studsvik