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02/2026

SIGMA TRE acquired by PHENNA GROUP

ITALY Industrial Services / TIC (Testing, Inspection, Certification) REV €0–5M

Context

The acquisition of Sigma Tre Lab by Phenna Group signifies a major territorial advancement for the group’s Industrial Division, marking its sixth acquisition in Italy within eighteen months. The strategic logic of this transaction hinges on a "specialist-technical" maneuver, merging the target’s technical operational depth in metallic materials testing with the acquirer’s global scale and sophisticated buy-and-build infrastructure. This alignment equips the organization with the scientific talent and laboratory hardware necessary to address the increasing complexity of industrial validation across Southern Europe. This operation allows Phenna Group to finalize a structural bridgehead in the Lombardy industrial hub, complementing its recent growth in other Italian regions through acquisitions such as A Cube TIC and ITS Controlli Tecnici.

By taking control of Sigma Tre, Phenna Group continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Construction Testing Services in 2025.

SIGMA TRE, which reported an EBITDA margin of [members only] in 2024, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Sigma Tre Lab is a Metallic Materials Testing company based in Italy, operating as an independent center for technical validation and quality assurance. The organization provides critical diagnostic data for industrial actors, primarily focusing on the mechanical and chemical integrity of metallic components through its accredited laboratory infrastructure. Rather than offering generic consultancy, the firm utilizes specialized diagnostic hardware to ensure materials comply with ISO/IEC 17025 standards and other rigorous safety benchmarks. Its utility resides in its ability to mitigate industrial risk by providing empirical evidence for structural durability across a diverse range of industrial sectors.

Ent. Value

€0–5M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
€0–5M
€0–5M
[members only]
2023
€0–5M
€0–5M
[members only]

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REFERENCES

Revenue range: €0–5M

EBITDA range: €0–5M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SIGMA TRE by PHENNA GROUP 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: phenna group