At what enterprise value was NSPYRE acquired in 2015?

During the acquisition of NSPYRE by ALTRAN TECHNOLOGIES in 2015, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 50M - 150M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.8x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NSPYRE when it was acquired by ALTRAN TECHNOLOGIES?

The exact EV/EBITDA multiple for NSPYRE is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.8x. Join our community for free to access full valuation data and industry trends.

When was NSPYRE acquired by ALTRAN TECHNOLOGIES?

NSPYRE was acquired by ALTRAN TECHNOLOGIES in 2015.

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

The revenue of NSPYRE at the time of the deal is estimated to be in the range of 50M - 100M EUR. Register for free to access the full transaction report and exact valuation multiples.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the NSPYRE 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 NSPYRE 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.usinenouvelle.com/editorial/altran-croque-le-neerlandais-nspyre-et-devient-numero-un-du-conseil-technologique-au-benelux.N314162

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Home Database TMT (Tech, Media, Telecom)NSPYRE

02/2015

NSPYRE acquired by ALTRAN TECHNOLOGIES

NETHERLANDS IT Services / Consulting & Integration / Custom Dev EV 50M - 150M EUR

Context

Altran has finalized the 100% acquisition of Nspyre, a move that establishes the group as the dominant technical consulting organization in the Benelux region. This strategic transaction marks a significant milestone in the group’s expansion strategy, moving beyond its core European markets to secure a leading position in the Dutch and Belgian technology sectors. The strategic rationale for the acquisition centers on the convergence of high-level software engineering and industrial automation capabilities, which are essential for the group’s "Intelligent Systems" and "Lifecycle Experience" solution sets. By integrating the target’s specialized workforce, the acquirer significantly bolsters its regional operational density, particularly in the Netherlands. The partnership is designed to leverage the target’s deep vertical expertise in industrial automation to serve a broader international client base. Furthermore, the integration allows for significant commercial synergies, as the target’s high-margin service profile is expected to enhance the group's overall profitability and earnings per share. This transaction reinforces the group's standing as a primary consolidator in the European engineering and R&D services market, enabling the delivery of comprehensive innovation advisory to complex industrial ecosystems.

NSPYRE, which reported an EBITDA margin of LOGIN in 2014, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).

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

Nspyre is a specialized technology services organization headquartered in the Netherlands, focusing on the intersection of software development and mechanical engineering. The organization’s business model is built on providing high-level technical expertise to industrial clients seeking to modernize their automation and lifecycle management processes. Its value proposition is centered on delivering mission-critical R&D services, ranging from embedded software engineering to complex industrial automation solutions. Strategically, the firm prioritizes specialized technical proficiency over broad horizontal scale, positioning itself as a niche leader within the Northern European engineering landscape. By integrating advanced software capabilities with traditional industrial engineering, the firm facilitates the digital transformation of manufacturing and research sectors. The entity operates as a technical partner for enterprises across various industrial verticals, ensuring operational efficiency and product innovation through high-margin technical advisory.

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REFERENCES

Valuation range: EV 50M - 150M EUR

Revenue range: 50M - 100M EUR

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