At what enterprise value was SYSTRA acquired in 2024?

During the acquisition of SYSTRA by LATOUR CAPITAL in 2024, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b EUR.

What was the EV/EBITDA of SYSTRA when it was acquired by LATOUR CAPITAL?

The estimated EV/EBITDA multiple for SYSTRA is in the range of 10x - 18x.

When was SYSTRA acquired by LATOUR CAPITAL?

SYSTRA was acquired by LATOUR CAPITAL in 2024.

What was the revenue of SYSTRA at the time of the deal?

The revenue of SYSTRA at the time of the deal is estimated to be in the range of 750M - 1.3b EUR.

What was the EBITDA of SYSTRA during the acquisition?

SYSTRA's EBITDA is estimated to be in the range of 50M - 100M EUR.

How is the data for the SYSTRA 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 SYSTRA 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://capitalfinance.lesechos.fr/deals/capital-developpement/latour-et-fimalac-prets-a-valoriser-systra-plus-de-800meur-2092334

What is the average EV/EBITDA multiple for the Business Services sector in 2026?

The average EV/EBITDA multiple for the Business Services sector in 2026 is 11.4x.

← DATABASE

Home Database Business ServicesSYSTRA

05/2024

SYSTRA acquired by LATOUR CAPITAL

FRANCE Industrial Services / Engineering & Consulting EV 500M - 1.5b EUR

Context

Latour and Fimalac acquire 58% of the capital of the urban and rail transport engineering specialist, with a valuation of EUR860 million (at 100%) . RATP and SNCF will retain 40% of the capital.

SYSTRA, which reported an EBITDA margin of in 2023, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

Global leader in public transport and rail infrastructure engineering.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year

Rev

EBITDA

EBIT

2023

2022

Other operations with SYSTRA

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
10/2025	SYSTRA	BG&E	AUSTRALIA	Engineering & Consulting
09/2025	SYSTRA	ARDANUY INGENIERÍA	SPAIN	Engineering & Consulting

REFERENCES

Valuation range: EV 500M - 1.5b EUR

Revenue range: 750M - 1.3b EUR

EBITDA 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 SYSTRA by LATOUR CAPITAL 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: latour capital