mynth
07/2018

MAJA acquired by MAREL

GERMANY Industrial Equipment / Process Engineering & Production Lines / Food & Beverage Lines REV 25M - 50M EUR

Context

The transaction represents the 100% ownership transition of MAJA into Marel’s corporate architecture, finalizing a strategic succession process for the historical family owners who have managed the asset since its inception in 1955. This transaction executes a clear capital deployment logic by incorporating MAJA’s specialized skinning and portioning hardware into Marel’s broader multi-protein portfolio, effectively filling an upstream technical gap and establishing a comprehensive full-line offering for the global meat industry. The integration risk is structurally minimized by the target’s pre-existing operational commercialization framework in Latin America, where MAJA has spent years working in partnership with Marel’s regional subsidiary, Sulmaq, establishing technical alignment and mutual product familiarity prior to consolidation. Capital allocation priorities post-acquisition will focus on integrating the German manufacturing and engineering site into Marel’s global production footprint, augmenting overall capacity, and driving near-term revenue synergies by deploying the buyer's global sales network to expand hardware penetration in unexploited geographic regions. Commercial execution will focus on embedding the proprietary Innova digital software layer into MAJA’s installed machinery base to capture live operational metrics, while utilizing Marel's scaled field engineering infrastructure to institutionalize the target's aftermarket part replacement cycles and secure long-term service agreements, with management continuity ensuring stable corporate client interfaces throughout the integration period.

MAJA, which reported an EBITDA margin of in 2017, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

MAJA-Maschinenfabrik Hermann Schill GmbH & Co. KG operates as a specialized manufacturer of industrial food processing machinery, focused on high-precision skinning, derinding, portion control slicing systems, and commercial flake ice machines utilized for fresh food preservation. The company supplies industrial slaughterhouses, large-scale red meat processors, and food retail packaging facilities that embed these technical hardware nodes directly into automated, continuous assembly configurations. Revenue generation is split between primary capital equipment procurement outlays and a highly predictable, high-margin stream of contractual aftermarket components, primarily driven by high-frequency industrial blade replacements and mechanical wear parts subjected to constant friction during processing shifts.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2017
2016

Similar deals in Industrial Equipment

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
DateAcquirerTargetCountrySector
12/2018HITACHIABB Power GridsSWITZERLANDElectrical Equipment
09/2018GROUPE ATLANTICACVBELGIUMBoilers & Thermal Solutions
07/2018TSINGHUA UNIGROUPLINXENSFRANCESafety & Security
07/2018ARDIANCOROBITALYSpecial Machinery
07/2018WEIR GROUPESCO CORPORATIONUNITED STATESSpecial Machinery
05/2018MOTION EQUITY PARTNERSHOLWEG WEBERUNITED STATESRobotics & Automation
10/2017IK PARTNERSLINXIS GROUPFRANCEFood & Beverage Lines
04/2017AMETEKMOCONUNITED STATESInstrumentation & Measurement
04/2017Genuine Parts CompanyEmpire Wire and SupplyUNITED STATESCabling & Connectivity
04/2017HITACHI HIGH-TECHNOLOGIES CORPORATIONOXFORD INSTRUMENTS (INDUSTRIAL ANALYSIS)UNITED KINGDOM Lab & Scientific Equipment

REFERENCES

Revenue range: 25M - 50M EUR

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