KEENFINITY acquired by 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.
KEENFINITY, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.6x).
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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
€500M–1.5bn
Equity Value
[members only]
Multiples
EV / Revenue
below 1.5x
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
Other operations with KEENFINITY
Other operations with KEENFINITY
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 01/2026 | KEENFINITY | AVONIC | NETHERLANDS | IoT & Connected Objects |
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| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 06/2026 | TRITON PARTNERS | BUREAU VERITAS OIL & PETROCHEMICALS | FRANCE | TIC (Testing, Inspection, Certification) |
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REFERENCES
Valuation range: EV €500M–1.5bn
Revenue range: €1–10bn
EV/Revenue range: below 1.5x
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of KEENFINITY by TRITON PARTNERS are reserved for mynth community members. Register for free to unlock full data.
Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: keenfinity
Acquirer: triton partners