At what enterprise value was SMART ENGINEERING acquired in 2024?

During the acquisition of SMART ENGINEERING by SESA GROUP in 2024, the transaction's Enterprise Value is estimated to be in the range of 0M - 15M EUR.

What was the EV/EBITDA of SMART ENGINEERING when it was acquired by SESA GROUP?

The estimated EV/EBITDA multiple for SMART ENGINEERING is in the range of 5x - 12x.

When was SMART ENGINEERING acquired by SESA GROUP?

SMART ENGINEERING was acquired by SESA GROUP in 2024.

What was the revenue of SMART ENGINEERING at the time of the deal?

The revenue of SMART ENGINEERING at the time of the deal is estimated to be in the range of 0M - 5M EUR.

What was the EBITDA of SMART ENGINEERING during the acquisition?

SMART ENGINEERING's EBITDA is estimated to be in the range of 0M - 5M EUR.

How is the data for the SMART ENGINEERING 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 SMART ENGINEERING 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://www.vargroup.com/News-and-Media/Comunicati-stampa/2024/Acquisizione-Smart-Engineering-gmbh

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Home Database TMT (Tech, Media, Telecom)SMART ENGINEERING

10/2024

SMART ENGINEERING acquired by SESA GROUP

GERMANY Software / Engineering & Design Software EV 0M - 15M EUR

Context

On October 28, 2024, Sesa S.p.A., through its subsidiary Var Group, finalized a binding agreement to acquire a 55% majority stake in SMART Engineering GmbH, a specialized provider of CAE software and engineering simulation services. This transaction represents a strategic expansion of the Var Industries business unit, reinforcing the acquirer's capabilities in the high-growth engineering and industrial design software sector. By incorporating the target's specialized know-how in FEM and CFD calculations, Sesa aims to further consolidate its position as a primary digital transformation partner for manufacturing enterprises across Europe. The acquisition is aligned with the group’s broader strategy of building a robust European center for digital engineering, characterized by vertical technical expertise and a strong footprint in the key DACH industrial markets. This operation is expected to yield immediate benefits in terms of expanded human capital, with a specialized team joining the broader organization to support complex engineering design workflows.

SMART ENGINEERING, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the TMT (Tech, Media, Telecom) sector (15.3x).

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Target

SMART Engineering GmbH is a German engineering specialist founded in 1996, recognized for its expertise in Computer Aided Engineering (CAE) and high-level simulation solutions. The company provides a robust portfolio of software and engineering services, including complex FEM (Finite Element Method) and CFD (Computational Fluid Dynamics) calculations, which are critical for the design processes of industrial leaders. Operating out of Buchholz in der Nordheide and Dillenburg, the firm serves a diverse client base across high-stakes industries, such as aerospace, automotive, defense, shipbuilding, and machinery automation. As a strategic partner to major technology providers, SMART Engineering enables its customers to streamline product development, reduce engineering cycles, and enhance simulation accuracy through its proprietary and integrated technical know-how. The company’s focus on the intersection of mechanical design and electronic simulation positions it as a key technical partner for businesses looking to navigate the complexities of modern engineering.

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2022

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REFERENCES

Valuation range: EV 0M - 15M EUR

Revenue range: 0M - 5M EUR

EBITDA range: 0M - 5M 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: smart engineering

Acquirer: sesa group