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10/2025

POLYGRAPHIC acquired by ID UNLIMITED

NETHERLANDS Consumer Products / Sport / Other Sports REV 1m EUR - 100m EUR

Context

ID Unlimited, the Lyon-based sports textile personalisation group formerly known as Flexdev Group, announced on 16 October 2025 the acquisition of Polygraphic International, the Nieuwegein-based maker of thermoadhesive transfers for sportswear and workwear. Founded in 1980, Polygraphic employed about 65 people, ran production sites in the Netherlands and in Honduras and sold its products in more than 65 countries. Jean-Louis Savoye, general manager of Dentressangle, the family investment holding company that owned the group, said the shared vision and values of Polygraphic's Hans Sijmons, ID Unlimited and Dentressangle had been decisive in the deal. The Honduras plant was to support the group's expansion in the United States, following its acquisition of The Emblem Source in January 2025, while the Dutch business strengthened its position in transfers for football apparel in Europe. It was the group's fourth acquisition since 2023, after Monblason, Aneyron and The Emblem Source, and took its workforce to about 600 people. The deal came as the group changed its name from Flexdev to ID Unlimited, with several subsidiaries adopting the new name while Polygraphic kept its own. Eight Advisory carried out the financial due diligence for the buyer.

By taking control of Polygraphic, Id Unlimited continues its expansion strategy. Previously, the group had completed 2 acquisitions, including The Emblem Source in 2025.

POLYGRAPHIC, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Retail & Consumer sector (11.2x).

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Target

Founded in 1980 in Nieuwegein, in the Netherlands, Polygraphic International produces thermoadhesive transfers that are heat-pressed onto garments to personalise sports and work clothing. Its range covers player names and numbers, badges and logos for football kits and other sportswear, as well as markings for workwear. The company manufactures its transfers at its own production sites in the Netherlands and in Honduras, which allow it to supply customers both in Europe and in the Americas, and it sells its products in a large number of countries around the world.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

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REFERENCES

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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Acquirer: id unlimited