Nordic Water acquired by Sulzer

SWEDEN Industrial Equipment / Components / Valves, Pumps & Taps EV SEK 1–10bn

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 [members only] in 2021, is valued in this transaction at an EV/EBITDA multiple of 10x–18x.

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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.

Ent. Value

SEK 1–10bn

Equity Value

[members only]

Multiples

EV / Revenue

1x–3x

EV / EBITDA

10x–18x

EV / EBIT

[members only]

Historical Financials (SEK)

Year

Rev

EBITDA

EBIT

2021

2020

Other operations with Sulzer

Other operations with Sulzer
Date	Acquirer	Target	Country	Sector
10/2020	SULZER	HASELMEIER	SWITZERLAND	Medical Consumables

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REFERENCES

Valuation range: EV SEK 1–10bn

Revenue range: SEK 450–900M

EBITDA range: SEK 100–200M

EV/Revenue range: 1x - 3x

EV/EBITDA range: 10x - 18x

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

Target: nordic water

FAQ

What transaction does this page cover?

This page covers Sulzer’s acquisition of 100% of Nordic Water, a Swedish company specialised in Components, in 2021.

How was the acquisition of Nordic Water by Sulzer valued, and what multiples were paid?

mynth displays the transaction’s enterprise value within the SEK 1–10bn band, its EV/EBITDA multiple within the 10x - 18x range, and its EV/revenue multiple within the 1x - 3x range. Exact figures are available to members.

What were Nordic Water’s revenue and EBITDA at the time of the deal?

At the time of the transaction, Nordic Water generated annual revenue estimated in the SEK 450–900M range and EBITDA in the SEK 100–200M bracket (FY 2021). Detailed financial figures are available to members.

What sources support the information on this transaction?

The details of this transaction are sourced directly from the official corporate announcement published on the parties’ institutional website, ensuring primary-source verification of the closing and perimeter.

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