R+S GROUP acquired by VINCI ENERGIES
Context
The acquisition of the R+S Group by VINCI Energies is expected to strengthen VINCI Energies' offering in building solutions, expanding its range of electrical and multi-technical solutions for buildings, and increasing its presence in the German market. The R+S Group's expertise in energy and control technology, mechanical HVAC, project development, engineering, and IT services will complement VINCI Energies' existing capabilities, enabling the company to provide more comprehensive solutions to its customers. The acquisition will also enhance VINCI Energies' ability to deliver sustainable and innovative solutions, aligning with its commitment to creating long-term value for its customers, shareholders, employees, partners, and society in general.
By taking control of R+S Group, Vinci Energies continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Inprocon in 2023.
R+S GROUP, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).
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Target
R+S Group is a leading German technical building services provider, specializing in electrical installations, HVAC (heating, ventilation, and air conditioning) systems, automation, energy engineering, and maintenance services. With over 35 years of experience and headquartered in Fulda, the group supports the entire lifecycle of buildings and technical infrastructure, from design to operation. R+S delivers projects for a diverse range of clients, including private, commercial, industrial, and public sector organizations, across sectors such as tertiary real estate, healthcare, infrastructure, industry, and renewable energy. The company boasts a nationwide network of locations in Germany and leverages its renowned expertise in energy transition solutions, including photovoltaic installations, heat pumps, control technologies, and electrical infrastructure.
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REFERENCES
Revenue range: 100M - 200M EUR
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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.
Target: r+s group
Acquirer: vinci energies