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M&A

KEENFINITY

Acquired by

TRITON PARTNERS

GERMANY Hardware & Electronics EV [500m EUR - 1b EUR] 06/2025

Target

KEENFINITY

Acquirer

TRITON PARTNERS

Context

Triton acquired the product business of Bosch Security and Safety Systems for an estimated ~EUR700m ($725m). The deal separates the product manufacturing business (now Keenfinity) from Bosch's system integration business (which Bosch retained). The new entity will rebrand its portfolio over time: Video products to "IQSIGHT" and Intrusion/Access to "Radionix", under the Keenfinity corporate umbrella.

The transaction values KEENFINITY at an EV/Revenue multiple of LOGIN.

This transaction is part of the TMT (Tech, Media, Telecom) industry, which currently tracks an average EBITDA multiple of 13.6x since the beginning of 2026, 4.1% decrease 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.

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

Target

Keenfinity Group is a leading global provider of security and communication products. Formed from the carve-out of Bosch's product division, it operates in two main areas: Security (Video, Access, Intrusion) and Professional Audio. It owns heritage brands like Dynacord, Electro-Voice, RTS, and Telex. The group employs ~4,300 people across 90 locations and manufacturing sites in Germany, Portugal, Mexico, and China.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
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2023
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Other operations with KEENFINITY

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.