mynth
02/2021

NORDIC WATER acquired by SULZER

SWEDEN Industrial Equipment / Components / Valves, Pumps & Taps EV 1b - 4b SEK

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.

-> Deep-dive in Industry & Manufacturing market trends

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

LOGIN

Equity Value

LOGIN

Multiples

EV / Revenue

LOGIN

EV / EBITDA

LOGIN

EV / EBIT

LOGIN

Historical Financials (SEK)

Year
Rev
EBITDA
EBIT
2021
LOGIN
LOGIN
LOGIN
2020
LOGIN
LOGIN
LOGIN

Similar deals in Industry & Manufacturing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
DateAcquirerTargetCountrySectorDeal Context
03/2021FRANCE ELEVATEURMOVEX (TALLERES VELILLA)SPAINIndustrial Equipment

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

03/2021NSKBRÜEL & KJÆR VIBROGERMANYIndustrial Equipment

The acquisition of Brüel & Kjær Vibro (B&K Vibro) represents a major advancement in the expansion of digital service platforms within the industrial sector. This transition allows for the integration of specialized condition monitoring systems with high-precision mechanical component expertise, fostering a new era of predictive maintenance

02/2021WORTHINGTON INDUSTRIESGENERAL TOOLS & INSTRUMENTSUNITED STATESIndustrial Equipment

The acquisition of General Tools & Instruments by Worthington Industries represents a significant strategic expansion of the purchaser’s consumer products segment, marking a definitive move to consolidate its leadership in the niche tools and outdoor living markets

02/2021BC PARTNERSIMA GROUPITALYIndustrial Equipment

BC Partners, a leading pan-European private equity firm, partnered with the incumbent Vacchi family to orchestrate the take-private of IMA S.p.A., a global leader in packaging machinery previously listed on the Milan stock exchange

01/2021ITWMTS TEST & SIMULATIONUNITED STATESIndustrial Equipment

Illinois Tool Works (ITW) has finalized the acquisition of the MTS Test & Simulation business from Amphenol Corporation. The strategic rationale for this transaction centers on a "segment-alignment" play, merging the target's world-class mechanical simulation expertise with ITW’s existing Test & Measurement and Electronics segment, which includes the well-established Instron brand

12/2020ANTARES VISION GROUPAPPLIED VISION CORP.UNITED STATESIndustrial Equipment

The acquisition of 100% of the share capital of Applied Vision Corp by Antares Vision Group, through its subsidiary Antares Vision Inc., represents a significant strategic expansion into the North American market and the global metal packaging sector

11/2020INTERPUMP GROUPDZ TRASMISSIONIITALYIndustrial Equipment

The global industrial leader has successfully finalized a binding agreement to acquire the total share capital of the target, marking a significant expansion of its technical capabilities within the power transmission segment

10/2020THE CARLYLE GROUPFLENDERGERMANYIndustrial Equipment

Global investment firm The Carlyle Group has reached a definitive agreement to acquire Flender GmbH from industrial conglomerate Siemens AG. Subject to customary regulatory clearances, this highly complex corporate carve-out will be funded through substantial equity commitments from Carlyle Europe Partners V (a €6

10/2020MARELTREIF MASCHINENBAUGERMANYIndustrial Equipment

The transaction marks the exit of the founding family's historical ownership of TREIF in favor of a global specialist in advanced automation for the food and beverage industry. This move is part of a diversification strategy towards secondary processing equipment and new agri-food markets, such as the dairy sector

08/2020CELLINKSCIENIONGERMANYIndustrial Equipment

Cellink has finalized a definitive agreement to acquire Scienion in a move designed to fundamentally transform its role in the global diagnostics and pharmaceutical markets. The strategic rationale for this transaction centers on a "vertical-integration" play, merging the target's industry-leading technical operational depth in precision picoliter dispensing with the group’s established global leadership in bioprinting and single-cell handling

REFERENCES

Valuation range: EV 1b - 4b SEK

Revenue range: 450M - 900M SEK

EBITDA range: 100M - 200M SEK

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: 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