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01/2026

SNIC TECHNOLOGIES acquired by EMZ PARTNERS

FRANCE Construction / Public Works / Railways REV 50M - 100M EUR

Context

The management team of Snic Technologies organized a tertiary LBO (LBO ter) to regain majority control of the group, facilitating the exit of the previous majority sponsor, Innovafonds. The transaction is backed by a debt package of around EUR100 million, refinanced in mid-2025. The new capital aims to fund sizeable acquisitions in Europe, with a specific focus on penetrating the German market, where barriers to entry for signaling equipment are high.

SNIC TECHNOLOGIES, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of .

Target

Snic Technologies is a specialized manufacturer of railway signaling and safety equipment. The company designs and produces critical electromechanical and electronic systems used to manage rail traffic and ensure infrastructure safety. Over the past two years, the group has doubled in size, driven by a dynamic buy-and-build strategy, including the acquisitions of Comatis (France) and a Madrid-based player (ICF). With a workforce of over 170 employees, the company has successfully expanded beyond its domestic market, establishing a presence in Spain, the UK, and Chile. In 2025, Snic Technologies generated approximately EUR60 million in revenue.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

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REFERENCES

Revenue range: 50M - 100M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of SNIC TECHNOLOGIES by EMZ 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.

Acquirer: emz partners