SNIC TECHNOLOGIES acquired by 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.
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
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Historical Financials (EUR)
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REFERENCES
Revenue range: 50M - 100M 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.
Acquirer: emz partners