NOVELIS acquired by ACCES INDUSTRIE
Context
Acces Industrie acquired Novelis to strengthen its "Material Handling" division and diversify away from the pure construction cycle. This acquisition integrated approx. 1,000 machines and a strategic distribution network in Western France. It also allowed the group to leverage Novelis' expertise in equipment sales, complementing its core rental business.
NOVELIS, which reported an EBITDA margin of LOGIN in 2018, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services sector (11.1x).
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
An expert in the sale and rental of new and used material handling equipment (forklifts, pallet trucks, stackers). Novelis operated 4 agencies and held an exclusive distribution partnership with the Japanese giant UniCarriers across several French departments.
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Historical Financials (EUR)
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REFERENCES
Revenue range: 5M - 25M EUR
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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).
Acquirer: acces industrie