At what enterprise value was L-3 MARINE SYSTEMS INTERNATIONAL acquired in 2015?

During the acquisition of L-3 MARINE SYSTEMS INTERNATIONAL by WÄRTSILÄ CORPORATION in 2015, 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 300M - 700M 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 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 L-3 MARINE SYSTEMS INTERNATIONAL when it was acquired by WÄRTSILÄ CORPORATION?

The exact EV/EBITDA multiple for L-3 MARINE SYSTEMS INTERNATIONAL is available on mynth capital. 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.

What was the revenue of L-3 MARINE SYSTEMS INTERNATIONAL at the time of the deal?

The revenue of L-3 MARINE SYSTEMS INTERNATIONAL at the time of the deal is estimated to be in the range of 250M - 500M EUR. Register for free to access the full transaction report and exact valuation multiples.

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 L-3 MARINE SYSTEMS INTERNATIONAL 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 L-3 MARINE SYSTEMS INTERNATIONAL 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.wartsila.com/media/news/29-05-2015-wartsila-completes-acquisition-of-l-3-marine-systems-international

← DATABASE

Home Database Industry & ManufacturingL-3 MARINE SYSTEMS INTERNATIONAL

05/2015

L-3 MARINE SYSTEMS INTERNATIONAL acquired by WÄRTSILÄ CORPORATION

GERMANY Aerospace, Naval & Defense / Naval EV 300M - 700M EUR

Context

Wärtsilä has acquired L-3 Marine Systems International from L-3 Communications, with the transaction being funded through available cash reserves and existing credit lines. This move is expected to significantly strengthen Wärtsilä's Electrical & Automation business, a strategic segment that is gaining importance as ship technology becomes increasingly sophisticated. The integration of MSI will enable the Finnish group to expand its portfolio of solutions in automation, navigation, electrical systems, dynamic positioning, and underwater communications, while bolstering its international presence through the acquired company's 38 locations. Beyond enhancing its product offering, Wärtsilä aims to generate commercial synergies by providing a more comprehensive range of solutions to its existing customer base and improving the operational efficiency of vessels through integrated solutions. This acquisition is also part of a strategy to upgrade its technological capabilities, driven by the growing digitalization of the maritime industry and the demand for more advanced onboard systems. As a result, the group anticipates a positive contribution to its earnings per share from 2015 onwards, as well as accelerated growth and increased profitability in its Electrical & Automation business.

L-3 MARINE SYSTEMS INTERNATIONAL, which reported an EBITDA margin of LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with 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.

-> Deep-dive in Industry & Manufacturing market trends

Target

L-3 Marine Systems International (MSI) is a leading global provider of electrical, automation, and navigation systems for the maritime and offshore industries. Headquartered in Germany, the company develops cutting-edge technological solutions that encompass ship automation, electrical power distribution, dynamic positioning, navigation equipment, sonar systems, and underwater communication technologies. Its portfolio comprises several renowned brands in the sector, including SAM Electronics, Valmarine, Lyngsø Marine, ELAC Nautik, Jovyatlas Euroatlas, FUNA, and Dynamic Positioning & Control Systems. With a presence in 38 locations across 14 countries and a workforce of approximately 1,700 employees, MSI boasts a comprehensive global commercial and technical footprint, enabling it to support major shipyards, shipowners, and offshore operators worldwide.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2014

2013

Similar deals in Industry & Manufacturing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
07/2017	ARGOS WITYU	REVIMA GROUP	FRANCE	Aerospace, Naval & Defense	Argos Soditic took a 60% controlling stake in Revima to resolve a long-standing shareholder dispute between the president and the other two owners. The latter two retained 40% of the capital and partnered with Argos
07/2017	THE CARLYLE GROUP	ADB SAFEGATE	BELGIUM	Aerospace, Naval & Defense	PAI Partners has completed the sale of ADB SAFEGATE to Carlyle in a LBO ter, following a multi-year value creation and transformation phase. The deal represents PAI’s exit from the company after a period of international expansion and industrial consolidation
06/2017	TOWERBROOK / TORREAL / PENINSULA CAPITAL	AERNNOVA	SPAIN	Aerospace, Naval & Defense	The investment in Aernnova Aerospace by TowerBrook Capital Partners, Torreal, and Península is a strategic move to support the company's growth and development in the aerospace sector. The deal requires regulatory approval from Spain, the U.S...
02/2016	ADB SAFEGATE / PAI PARTNERS	SAFEGATE INTERNATIONAL	SWEDEN	Aerospace, Naval & Defense	In February 2016, PAI Partners, through its portfolio company ADB Airfield Solutions, agreed to acquire Safegate from Fairford Group, which had owned the business since 1991. The transaction was designed to combine two highly complementary airport technology providers and create a global leader in advanced airfield guidance and airport operational systems
04/2015	SPRINGWATER CAPITAL	AERNNOVA	SPAIN	Aerospace, Naval & Defense	The acquisition of Aernnova by Springwater Capital and the company's management team is a strategic move to support the company's continued growth and development. The investment is expected to provide Aernnova with the resources and expertise needed to expand its presence in the global aerospace industry, and to pursue new opportunities for growth and innovation
01/2015	EXCHANGE INCOME CORPORATION	PAL AEROSPACE	CANADA	Aerospace, Naval & Defense	Exchange Income Corporation’s acquisition of Provincial Aerospace Ltd. marks a strategic entry into the specialized sovereign aerospace defense sector, acquiring an international maritime surveillance platform to complement its stable domestic regional aviation portfolio
12/2013	TEXTRON	BEECHCRAFT CORP.	UNITED STATES	Aerospace, Naval & Defense	-
11/2013	PAI PARTNERS	ADB SAFEGATE	BELGIUM	Aerospace, Naval & Defense	PAI Partners acquired ADB Airfield Solutions from Montagu Private Equity in a control buyout following a prior carve-out from a former industrial group. ADB is a global leader in airfield ground lighting (AGL) systems, providing end-to-end solutions including runway and taxiway lighting, power supply equipment, and monitoring and control systems for airport operations
07/2012	TIKEHAU CAPITAL / IDIA CAPITAL INVESTISSEMENT	LMB AEROSPACE	FRANCE	Aerospace, Naval & Defense	MBO Partners has finalized the acquisition of an 80% controlling majority stake in LMB from the American industrial conglomerate Honeywell, executing a strategic cross-border carve-out transaction. The transaction capital structure was financed via a conservative mid-leverage model, utilizing a senior debt package representing slightly under 2
06/2009	MONTAGU PRIVATE EQUITY	ADB SAFEGATE	BELGIUM	Aerospace, Naval & Defense	Montagu Private Equity acquired ADB from Siemens through a carve-out transaction designed to separate the airport lighting business from the German industrial group. The transaction led to the creation of ADB Airfield Solutions as an independent company, bringing together operations, employees and customer relationships previously spread across several Siemens entities

REFERENCES

Valuation range: EV 300M - 700M EUR

Revenue range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of L-3 MARINE SYSTEMS INTERNATIONAL by WÄRTSILÄ CORPORATION 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: wärtsilä corporation