At what enterprise value was SERTION acquired in 2026?

You can find the full valuation details of SERTION 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 Business Services industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of SERTION when it was acquired by ALTOR?

The exact EV/EBITDA multiple for SERTION is available on mynth capital. For comparison, the Business Services 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 SERTION acquired by ALTOR?

SERTION was acquired by ALTOR in 2026.

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

The revenue of SERTION at the time of the deal is estimated to be in the range of 2.5b - 5b SEK. 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 SERTION 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 SERTION 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://sertion.com/sertion-welcomes-altor-as-new-majority-owner-and-partner/

← DATABASE

Home Database Business ServicesSERTION

05/2026

SERTION acquired by ALTOR

SWEDEN Industrial Services / Other Works / Welding & Piping Services REV 2.5b - 5b SEK

Context

Altor, through its investment vehicle Altor Fund VI, acquires a majority stake in Sertion, with entrepreneurs and management reinvesting meaningfully and remaining key owners. The transaction is expected to accelerate Sertion's next phase of growth across existing markets and into new geographies, leveraging Altor's expertise and resources to support the company's expansion. The partnership will enable Sertion to further strengthen its market position, driven by its strong local entrepreneurship and the advantages of scale. With Altor's support, Sertion is well-positioned to continue its above-market growth and strategic expansion, while maintaining its focus on delivering high-quality services to its customers. The transaction is subject to customary regulatory approvals and is expected to close in the near future. The strategic rationale behind the deal is to create a leading Nordic platform for complex pipework services, with a strong focus on technical expertise, customer proximity, and operational performance. The deal has significant market implications, as it is expected to drive growth and consolidation in the Nordic pipework services market, while also creating new opportunities for Sertion to expand into new markets and geographies.

SERTION, which reported an EBITDA margin of LOGIN in 2025, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Business Services 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.

-> Deep-dive in Business Services market trends

Target

Sertion AB is a leading Nordic specialist in complex pipework services, serving a broad range of commercial, industrial, and infrastructure end-markets where reliability, technical expertise, and safety are essential. The company operates across the full pipework value chain, from engineering and prefabrication to installation, service, and ongoing operations, delivering its services through 16 local entities and approximately 1,000 full-time employees across Sweden, Norway, and Denmark. Sertion combines strong local entrepreneurship with the advantages of scale, enabling market-leading customer proximity and operational performance. The company has demonstrated consistently strong organic growth and margin expansion, with a proven track record of delivering high-quality services to its customers. With its deep technical expertise and complementary services across local entities, Sertion is well-positioned to continue its above-market growth and strategic expansion, supported by a proven and experienced management team.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (SEK)

Year

Rev

EBITDA

EBIT

2025

2024

Similar deals in Business Services

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
06/2026	BAIN CAPITAL	FDH AERO	UNITED STATES	Industrial Services	Bain Capital’s majority investment in FDH Aero represents an ownership transition timed to underwrite the target's next institutional growth phase, leveraging a highly fragmented global aerospace distribution landscape to execute large-scale cross-border M&A
06/2026	EQT PARTNERS	INTERTEK	UNITED KINGDOM	Industrial Services	EQT has reached an agreement to acquire Intertek, a UK-based FTSE 100 company specializing in testing, inspection, and certification services, in an all-cash deal. The transaction values Intertek at £61
05/2026	APAVE GROUPE	GEI GROUP	SINGAPORE	Industrial Services	Apave Group has announced an agreement to acquire GEI Group, a Singapore-based leader in industrial inspection and testing services. This transaction represents Apave's 32nd acquisition in less than six years and is a key strategic move aligned with its 'AMPLIFY 2030' strategic plan, which aims to establish the company as a global leader in the Testing, Inspection, and Certification (TIC) sector
05/2026	APAVE GROUPE	DEKRA RAIL	NETHERLANDS	Industrial Services	The acquisition of Dekra Rail by Apave's subsidiary Certifer marks a significant step in Apave's growth strategy in the rail sector. This external growth operation allows Apave to consolidate its expertise in the transportation and mobility sector, a key axis of development for the company
05/2026	SOCOTEC	LSTC GROUP	UNITED KINGDOM	Industrial Services	The acquisition of LSTC Group by SOCOTEC UK & Ireland represents a strategic move to strengthen the company's infrastructure capabilities, particularly in the power transmission and distribution sector
05/2026	REXEL	REVERE ELECTRICAL SUPPLY	UNITED STATES	Industrial Services	Rexel has entered into a definitive agreement to acquire Revere Electrical Supply, a family-owned American distributor. This strategic transaction marks another significant step in Rexel's ambitious external growth strategy in North America, representing its sixteenth acquisition in the region since 2020
05/2026	EIFFAGE	HAND & WERK	GERMANY	Industrial Services	Eiffage, through its subsidiary Eiffage Énergie Systèmes, has entered into a definitive agreement to acquire Hand & Werk, marking a highly strategic inorganic growth transaction engineered to accelerate its footprint across the German data center market
04/2026	KILOUTOU	KDM HIRE	IRELAND	Industrial Services	Kiloutou has once again successfully expanded its European footprint through the acquisition of 100% of the shares in KDM Hire, marking its first entry into the Irish market. This strategic move represents the group's tenth acquisition within a fifteen-month window, underscoring an aggressive international consolidation strategy led by Olivier Colleau
04/2026	SIWIS	GEOCOMP	ITALY	Industrial Services	The transaction involves the 100% acquisition of Geocomp srl by Siwis, a platform company backed by Bravo Capital Partners II. This deal represents the third strategic acquisition for the platform, following its previous investments in Ekso srl and Drilling Solutions srl
04/2026	MONTYON CAPITAL	TRIGO	FRANCE	Industrial Services	Montyon Capital has finalized the acquisition of a majority stake in Trigo from Ardian, a maneuver designed to fundamentally accelerate the group’s transformation into a multi-sector leader in industrial quality assurance

REFERENCES

Revenue range: 2.5b - 5b SEK

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

Authors: verified 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: sertion

Acquirer: altor