At what enterprise value was NVL (NAVAL VESSELS LÜRSSEN) acquired in 2026?

During the acquisition of NVL (NAVAL VESSELS LÜRSSEN) by RHEINMETALL in 2026, 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 1b - 4b 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 Industry & Manufacturing industry currently tracks an average EBITDA multiple of 10.9x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of NVL (NAVAL VESSELS LÜRSSEN) when it was acquired by RHEINMETALL?

The estimated EV/EBITDA multiple for NVL (NAVAL VESSELS LÜRSSEN) is in the range of below 5x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 10.9x. Join our community for free to access full valuation data and industry trends.

When was NVL (NAVAL VESSELS LÜRSSEN) acquired by RHEINMETALL?

NVL (NAVAL VESSELS LÜRSSEN) was acquired by RHEINMETALL in 2026.

What was the revenue of NVL (NAVAL VESSELS LÜRSSEN) at the time of the deal?

The revenue of NVL (NAVAL VESSELS LÜRSSEN) at the time of the deal is estimated to be in the range of 1b - 3b EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of NVL (NAVAL VESSELS LÜRSSEN) during the acquisition?

NVL (NAVAL VESSELS LÜRSSEN)'s EBITDA is estimated to be in the range of 250M - 500M EUR. Join our community for free to access complete and exact deal data.

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 NVL (NAVAL VESSELS LÜRSSEN) 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 NVL (NAVAL VESSELS LÜRSSEN) 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.boursier.com/actions/actualites/news/rheinmetall-au-sommet-apres-son-acquisition-dans-la-construction-navale-militaire-966697.html

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Home Database Industry & ManufacturingNVL (NAVAL VESSELS LÜRSSEN)

04/2026

NVL (NAVAL VESSELS LÜRSSEN)

Acquired by

RHEINMETALL

GERMANY Aerospace, Naval & Defense / Naval EV 1b - 4b EUR

NVL (NAVAL VESSELS LÜRSSEN) acquired by RHEINMETALL

GERMANY Aerospace, Naval & Defense / Naval EV 1b - 4b EUR

Context

Rheinmetall has finalized the acquisition of 100% of NVL (Naval Vessels Lürssen) from the Lürssen Group, which will now focus exclusively on the luxury yacht market. The transaction, agreed upon in September 2025, received final antitrust clearance in early 2026. The strategic rationale is to transform Rheinmetall into a naval powerhouse, aiming to grow NVL’s revenue from €1.3 billion to €5 billion by 2030. This acquisition ends Rheinmetall's status as a mere supplier to the maritime industry, allowing it to sell complete, armed warships. A key focus will be the integration of naval munitions and rocket motor production within NVL’s infrastructure to resolve current supply chain bottlenecks for naval missiles. This move effectively consolidates the German naval landscape, positioning Rheinmetall as a formidable competitor to TKMS and Naval Group.

NVL (NAVAL VESSELS LÜRSSEN), which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN than the average currently observed in the Industry & Manufacturing sector (10.9x).

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

NVL is a specialized German naval shipbuilding group formerly owned by the Lürssen Group. The organization operates four major shipyards in Northern Germany (Wilhelmshaven, Hamburg, and Wolgast) and several international sites, employing 2,100 people. Its business model centers on the design, construction, and maintenance of high-performance surface vessels, including frigates, corvettes, patrol boats, and minehunters for the German Navy and international clients. NVL acts as a system integrator for complex naval platforms, managing everything from hull construction to the integration of mission-critical sensors and weapons. The entity is a pillar of German maritime sovereignty, providing specialized engineering for both naval and public institutional vessels.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2026

2025

Other operations with NVL (NAVAL VESSELS LÜRSSEN)

REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 250M - 500M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of NVL (NAVAL VESSELS LÜRSSEN) by RHEINMETALL are reserved for mynth community members. Register for free to unlock full data.

Authors: mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: nvl (naval vessels lürssen)

Acquirer: rheinmetall