MOVEX (TALLERES VELILLA) acquired by FRANCE ELEVATEUR
Context
France Elevateur acquired 100% of the equity in Talleres Velilla (trading as Movex) from the founding family. The transaction creates a European industrial group with a combined annual production capacity of 1,600 units and a joint engineering team of 40 designers. The strategic rationale is driven by the need for industrial scale and geographic complementarity: Movex brings a modern factory with spare capacity to support France Elevateur's growth, while opening the Spanish market. Movex retains operational autonomy under its existing management.
MOVEX (TALLERES VELILLA), which reported an EBITDA margin of LOGIN in 2020, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN 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.
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Target
Founded in 1960, Movex (Talleres Velilla) is the leading Spanish manufacturer of vehicle-mounted aerial platforms. Based near Barcelona in a new 6,000 sqm facility, the company specializes in designing and assembling lifts on light trucks, vans, and pickups, with working heights ranging from 9 to 24 meters. Producing approximately 200 units annually with a potential capacity of 400, Movex employs 40 people and generates around EUR12 million in revenue. The company is known for its engineering agility and strong market share in the Spanish utility sector.
Ent. Value
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 0M - 15M EUR
Revenue range: 5M - 25M EUR
EBITDA range: 0M - 5M EUR
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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).