NORDIC WATER acquired by SULZER
Context
The acquisition of Nordic Water by Sulzer represents a strategic move to expand Sulzer's offerings in the water treatment sector. The transaction provides Sulzer with access to Nordic Water's broad application suite of primary, secondary, and tertiary water treatment solutions, complementing its existing portfolio of pumps, grinders, mixers, compressors, and other equipment. The integration of Nordic Water's business is expected to generate significant sales and aftermarket synergies, leveraging the scale of the combined businesses. The acquisition also enables Sulzer to strengthen its position in the municipal and industrial water treatment markets, addressing the growing demand for clean water and wastewater treatment solutions. By combining their expertise and resources, Sulzer and Nordic Water aim to create a more comprehensive and competitive offering, providing customers with a wider range of solutions and services to meet their water treatment needs. The acquisition is expected to drive growth and expansion in the water treatment sector, as Sulzer continues to invest in innovation and customer satisfaction.
NORDIC WATER, which reported an EBITDA margin of LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to 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
Nordic Water is a leading provider of water treatment technology, specializing in screening, sedimentation, and filtration solutions for municipal and industrial water and wastewater applications. With a history spanning over 59 years, the company has established itself as a pioneering innovation leader in the industry. Nordic Water's broad application suite in primary, secondary, and tertiary water treatment, combined with its global reach, has enabled the company to build a large installed base of customers. The company's product portfolio includes a range of equipment and solutions designed to meet the specific needs of municipal and industrial water customers. Nordic Water's aftermarket business provides a complete offering of parts and services, supporting its customers throughout the lifecycle of their water treatment systems. With a strong focus on research and development, Nordic Water continues to innovate and expand its product offerings, addressing the evolving needs of the water treatment market.
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Historical Financials (SEK)
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REFERENCES
Valuation range: EV 1b - 4b SEK
Revenue range: 450M - 900M SEK
EBITDA range: 100M - 200M SEK
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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).
Target: nordic water