STAVDAL acquired by RAMIRENT
Context
Ramirent acquired Stavdal to create the market leader in Sweden. this deal was finalized just as Loxam was launching its tender offer for Ramirent, meaning Stavdal was immediately integrated into the Loxam group.
STAVDAL, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , a level as low as the average currently observed in the Business Services sector (11.3x).
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Target
One of the leading general equipment rental companies in Sweden, with a strong presence in the Stockholm and Gothenburg metropolitan areas. Stavdal provides lifting equipment, construction machinery, and modular solutions.
Ent. Value
Equity Value
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EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Similar deals in Industrial Services
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 05/2019 | INITIATIVE & FINANCE | NORD COFFRAGE | FRANCE | Equipment Rental |
| 05/2019 | ACCES INDUSTRIE | NOVELIS | FRANCE | Equipment Rental |
| 03/2019 | SPEEDY HIRE | LIFTERZ | UNITED KINGDOM | Equipment Rental |
| 02/2019 | MISTRAS GROUP | ONSTREAM PIPELINE INSPECTION | CANADA | TIC (Testing, Inspection, Certification) |
| 12/2018 | RAMIRENT | SRV KALUSTO | FINLAND | Equipment Rental |
| 10/2018 | KILOUTOU | MICHAUD LOCATION | FRANCE | Equipment Rental |
| 06/2018 | MBO+ | GROUPE LOCATION TRANSPORT | FRANCE | Equipment Rental |
| 06/2018 | WARBURG PINCUS | SUPPLIER ASSESSMENT SERVICES | UNITED KINGDOM | TIC (Testing, Inspection, Certification) |
| 05/2018 | CINVEN | JLA | UNITED KINGDOM | Equipment Rental |
| 04/2018 | EUROFINS SCIENTIFIC | COVANCE FOOD SOLUTIONS | UNITED STATES | TIC (Testing, Inspection, Certification) |
REFERENCES
Valuation range: EV 100M - 350M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 10M - 30M 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.
Press release: view release
Acquirer: ramirent