At what enterprise value was SCIOTEQ acquired in 2021?

During the acquisition of SCIOTEQ by OPENGATE CAPITAL in 2021, 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 100M - 350M USD. 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 SCIOTEQ when it was acquired by OPENGATE CAPITAL?

The exact EV/EBITDA multiple for SCIOTEQ is available on mynth capital. 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 SCIOTEQ acquired by OPENGATE CAPITAL?

SCIOTEQ was acquired by OPENGATE CAPITAL in 2021.

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

The revenue of SCIOTEQ at the time of the deal is estimated to be in the range of 100M - 200M USD. 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 SCIOTEQ 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 SCIOTEQ 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://opengatecapital.com/news/opengate-capital-completes-acquisition-of-scioteq-and-treality-from-transdigm-group/

← DATABASE

Home Database Industry & ManufacturingSCIOTEQ

09/2021

SCIOTEQ

Acquired by

OPENGATE CAPITAL

BELGIUM Aerospace, Naval & Defense / Electronics EV 100M - 350M USD

SCIOTEQ acquired by OPENGATE CAPITAL

BELGIUM Aerospace, Naval & Defense / Electronics EV 100M - 350M USD

Context

OpenGate Capital has completed the acquisition of ScioTeq from the American aerospace conglomerate TransDigm Group. This transaction follows a strategic decision by the seller to refocus on its core aerospace components. The carve-out allowed ScioTeq to become an autonomous entity after years of integration within larger groups (Barco, then Esterline, then TransDigm). The strategic rationale was based on restoring the operational agility of the Belgian specialist while maintaining its privileged access to the US market via its Georgia facilities. Following the acquisition, a value creation plan was implemented to accelerate product innovation in mission displays and optimize the cost structure, positioning ScioTeq as an ideal consolidation platform within the European defense electronics landscape.

SCIOTEQ, which reported an EBITDA margin of LOGIN in 2020, 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 (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.

-> Deep-dive in Industry & Manufacturing market trends

Target

ScioTeq is a leading European specialist in the design and manufacturing of advanced visual display solutions and embedded computing systems for the aviation, defense, and security markets. Originally a division of the Belgian group Barco, the company’s business model centers on high-reliability, "ruggedized" technology capable of operating in extreme environments. Its product portfolio includes cockpit displays for civil and military aircraft, as well as mission-critical screens for ground vehicles and naval applications. ScioTeq serves as a vital tier-one supplier to global aerospace and defense primes, with operations balanced between Europe and the United States (Atlanta site). Its value proposition is anchored in being the sole major European independent player in a market dominated by American competitors, providing critical technological sovereignty for European defense programs.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2020

2019

Other operations with SCIOTEQ

Date	Acquirer	Target	Country	Sector	Deal Context
06/2025	TIKEHAU CAPITAL	SCIOTEQ	BELGIUM	Aerospace, Naval & Defense	Tikehau Capital has entered into exclusive negotiations to acquire a controlling stake in ScioTeq from OpenGate Capital, which will retain a minority interest in the business. This secondary buyout follows a successful four-year turnaround and carve-out from the American equipment manufacturer TransDigm. Since 2021, the target has significantly improved its operational performance, expanding its international footprint and sharply increasing its profitability. The transaction is supported by a unitranche facility provided by J.P. Morgan. Strategic rationale for the new ownership cycle includes expanding the target's presence in the land and naval defense sectors and pursuing further European bolt-on acquisitions. The partnership aims to capitalize on the structural growth of global defense spending and the target's unique position as a critical European technology provider.

REFERENCES

Valuation range: EV 100M - 350M USD

Revenue range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SCIOTEQ by OPENGATE CAPITAL 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: scioteq

Acquirer: opengate capital