At what enterprise value was ROXEL acquired in 2025?

You can find the full valuation details of ROXEL on mynth capital. 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 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ROXEL when it was acquired by MBDA?

The exact EV/EBITDA multiple for ROXEL is available on mynth capital. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was ROXEL acquired by MBDA?

ROXEL was acquired by MBDA in 2025.

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

The revenue of ROXEL at the time of the deal is estimated to be in the range of 150M - 250M 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 ROXEL 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 ROXEL 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.mbda-systems.com/fr/roxel-devient-une-filiale-100-de-mbda

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Home Database Industry & ManufacturingROXEL

01/2025

ROXEL

Acquired by

MBDA

FRANCE Aerospace, Naval & Defense / Engines & Systems REV 150M - 250M EUR

ROXEL acquired by MBDA

FRANCE Aerospace, Naval & Defense / Engines & Systems REV 150M - 250M EUR

Context

MBDA has completed the acquisition of the 50% stake held by Safran in Roxel, making the tactical propulsion leader a 100% subsidiary of the MBDA Group. The transaction, finalized on December 19, 2024, and announced in January 2025, marks a significant shift from the joint venture structure established in 2003. Roxel will remain an autonomous entity, continuing to fulfill its contracts with other system integrators and pursuing export opportunities. The strategic rationale for the deal is driven by the urgent need to increase production cadences in a "war economy" environment. Full ownership allows MBDA to better synchronize industrial cycles between missile airframes and their propulsion systems, while accelerating R&D in solid propulsion technologies. This vertical integration is intended to strengthen MBDA’s resilience and industrial sovereignty in France and the UK. The deal was completed following months of strategic positioning, as MBDA sought full control of this essential sovereign asset to manage its massive backlog and future development programs.

ROXEL, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing 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

Roxel is the European leader and a major global player in tactical propulsion, holding approximately 60% of the European market. Headquartered in France with operations also in the UK, the organization designs, develops, and manufactures solid propulsion systems and associated equipment for all types of rockets, tactical missiles, and cruise missiles. Serving air, naval, and land forces, its technology is critical for both the development of next-generation weaponry and the "re-engineering" of existing missile ranges. The entity operates four production sites (three in France, one in the UK) and employs approximately 800 people. Originally formed in 2003 through the merger of Celerg and Royal Ordnance Rocket Motors, the company acts as a vital "national champion" and strategic supplier to multiple global missile system integrators beyond its parent group.

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REFERENCES

Revenue range: 150M - 250M EUR

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

Press release: view release

Target: roxel

Acquirer: mbda