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 in 2020, is valued in this transaction at an EV/EBITDA multiple of , representing a level the average currently observed in the Industry & Manufacturing sector (11.6x).
-> Deep-dive in Industry & Manufacturing market trends
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
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Similar deals in Industrial Equipment
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 04/2021 | HITACHI RAIL | THALES GROUND TRANSPORTATION SYSTEMS (GTS) | FRANCE | Industrial Equipment |
| 04/2021 | KINGSPAN | LOGSTOR | DENMARK | Valves, Pumps & Taps |
| 03/2021 | VANDEWIELE | SAVIO GROUP | ITALY | Robotics & Automation |
| 03/2021 | NSK | BRÜEL & KJÆR VIBRO | GERMANY | Instrumentation & Measurement |
| 02/2021 | SULZER | NORDIC WATER | SWEDEN | Valves, Pumps & Taps |
| 02/2021 | BC PARTNERS | IMA GROUP | ITALY | Robotics & Automation |
| 02/2021 | WORTHINGTON INDUSTRIES | GENERAL TOOLS & INSTRUMENTS | UNITED STATES | Instrumentation & Measurement |
| 01/2021 | OAKTREE CAPITAL MANAGEMENT | COL GROUP | ITALY | Electrical Equipment |
| 01/2021 | ITW | MTS TEST & SIMULATION | UNITED STATES | Instrumentation & Measurement |
| 12/2020 | ANTARES VISION GROUP | APPLIED VISION CORP. | UNITED STATES | Instrumentation & Measurement |
REFERENCES
Valuation range: EV 0M - 15M EUR
Revenue range: 5M - 25M EUR
EBITDA range: 0M - 5M EUR
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MOVEX (TALLERES VELILLA) by FRANCE ELEVATEUR 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.