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M&A

SNIC TECHNOLOGIES

Acquired by

EMZ PARTNERS

FRANCE Construction REV [1m EUR - 100m EUR] 01/2026

Target

SNIC TECHNOLOGIES

Acquirer

EMZ PARTNERS

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.

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

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
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2024
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Other operations with SNIC TECHNOLOGIES

mynth data is contributed by M&A / PE professionals and systematically cross-verified against private deal documents and official releases. All source materials are destroyed post-validation to guarantee data anonymity and compliance.