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02/2016

SAFEGATE INTERNATIONAL acquired by ADB SAFEGATE & PAI PARTNERS

SWEDEN Aerospace, Naval & Defense REV 100M - 200M EUR

Context

In February 2016, PAI Partners, through its portfolio company ADB Airfield Solutions, agreed to acquire Safegate from Fairford Group, which had owned the business since 1991. The transaction was designed to combine two highly complementary airport technology providers and create a global leader in advanced airfield guidance and airport operational systems. The acquisition significantly expanded ADB’s capabilities beyond airfield lighting by adding Safegate’s aircraft docking guidance systems, gate management solutions and air traffic control technologies. The combination brought together businesses serving more than 2,000 airports for ADB and over 1,300 airports for Safegate, creating a platform with a presence across more than 175 countries worldwide. The transaction represented a key milestone in PAI’s value creation strategy following its acquisition of ADB in 2013. By combining the two companies, PAI aimed to strengthen the group's technological leadership, broaden its solution offering and accelerate international expansion. The merged entity, rebranded as ADB SAFEGATE, was positioned to become a leading provider of integrated airport solutions spanning the entire aircraft journey from landing to parking. Rothschild acted as financial advisor to PAI. Fairford Group was advised by Evercore and deNovo Corporate Advisors as financial advisors and by Ashurst as legal advisor.

SAFEGATE INTERNATIONAL, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.8x).

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Target

Founded in 1973 and headquartered in Malmö, Sweden, Safegate is a leading provider of airport technology and airside operational solutions. The company offers an integrated portfolio of systems including aircraft docking guidance systems, gate management systems, airfield lighting solutions, and air traffic control technologies. Safegate serves more than 1,300 airports across over 130 countries worldwide, helping airport operators enhance safety, operational efficiency, passenger throughput and overall airside performance. The company is recognized for its strong innovation capabilities and extensive R&D expertise, enabling it to develop technology-driven solutions that address growing challenges related to airport congestion, traffic growth, operational complexity and environmental sustainability. Over the years, Safegate expanded its platform through several strategic acquisitions, including Thorn Airfield Lighting, Idman Airfield Lighting, Liberty Airport Systems, and Avibit, strengthening its position in airfield lighting, airport automation and air traffic management software.

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Similar deals in Aerospace, Naval & Defense

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12/2013TEXTRONBEECHCRAFT CORP.UNITED STATESOEM & Aircraft Manufacturers
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07/2012TIKEHAU CAPITAL / IDIA CAPITAL INVESTISSEMENTLMB AEROSPACEFRANCEEngines & Systems
06/2009MONTAGU PRIVATE EQUITYADB SAFEGATEBELGIUMAerospace, Naval & Defense

REFERENCES

Revenue range: 100M - 200M EUR

EBITDA range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SAFEGATE INTERNATIONAL by ADB SAFEGATE / PAI PARTNERS are reserved for mynth community members. Register for free to unlock full data.

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

Press release: view release

Acquirer: pai partners / adb safegate