NELES has been 100% owned by VALMET since April 2022.

At what enterprise value was NELES acquired in 2022?

During the acquisition of NELES by VALMET in 2022, the transaction's Enterprise Value is estimated to be in the range of 1b - 4b EUR.

What was the EV/EBITDA of NELES when it was acquired by VALMET?

The estimated EV/EBITDA multiple for NELES is in the range of 15x - 25x.

When was NELES acquired by VALMET?

NELES was acquired by VALMET in 2022.

What was the revenue of NELES at the time of the deal?

The revenue of NELES at the time of the deal is estimated to be in the range of 450M - 900M EUR.

What was the EBITDA of NELES during the acquisition?

NELES's EBITDA is estimated to be in the range of 100M - 200M EUR.

How is the data for the NELES 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 NELES 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.valmet.com/insights/articles/flow-control/Merger-of-Valmet-and-Neles-Forward-together-from-a-stronger-base/

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.6x.

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Home Database Industry & ManufacturingNELES

04/2022

NELES acquired by VALMET

FINLAND Industrial Equipment / Components / Valves, Pumps & Taps EV 1b - 4b EUR

Context

The merger between the two Finnish industrial leaders represents a definitive step in creating a globally dominant platform for process technologies and automation. By integrating a leading flow control specialist as a new business line, the group significantly enhances its multidisciplinary offering to the pulp, paper, and energy industries. The strategic rationale centers on the creation of a unique, end-to-end portfolio that combines process technology, automation, and flow control solutions under a single operational umbrella. This integration allows the group to capitalize on cross-selling opportunities across a vast global installed base and a comprehensive service network. Furthermore, the combination strengthens the organization's technical operational depth in high-growth segments such as renewable energy, green hydrogen, and minerals processing. The partnership is designed to leverage combined research and development capabilities to drive innovation in sustainable technologies and digitalization. This move solidifies the entity's standing as a primary enabler of industrial efficiency and environmental performance, providing the strategic depth required to navigate the evolving needs of the global process industry.

NELES, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

Neles is a specialized technology organization dedicated to the design and manufacture of mission-critical flow control solutions. The entity’s business model centers on providing industry-leading valves, valve automation solutions, and related services to various process sectors. Its value proposition is built on technical durability and high-performance engineering, facilitating reliable fluid management in demanding environments such as pulp, paper, bioproducts, chemicals, and energy. Strategically, the firm focuses on expanding its footprint into renewable energies, carbon capture, and green hydrogen while maintaining a strong presence in traditional oil and gas and mining segments. By integrating advanced material science, such as metal matrix composites, and additive manufacturing techniques, the organization ensures operational efficiency and sustainability for its global client base. The firm prioritizes lifecycle-focused sustainability, aiming to reduce energy consumption and environmental impact through precise flow regulation and leak prevention.

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2020

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12/2021	ATS CORPORATION	SP INDUSTRIES	UNITED STATES	Lab & Scientific Equipment
11/2021	PARTNERS GROUP	DIVERSITECH	UNITED STATES	Valves, Pumps & Taps
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07/2021	LT CAPITAL	ROLLAKIN (BOLLIN / ROLLIN)	FRANCE	Components
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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 450M - 900M EUR

EBITDA range: 100M - 200M EUR

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

Press release: view release

Acquirer: valmet