At what enterprise value was TELEMARK KILDEVANN acquired in 2025?

You can find the full valuation details of TELEMARK KILDEVANN on mynth capital. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of TELEMARK KILDEVANN when it was acquired by REFRESCO?

The exact EV/EBITDA multiple for TELEMARK KILDEVANN is available on mynth capital. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.2x. Join our community for free to access full valuation data and industry trends.

When was TELEMARK KILDEVANN acquired by REFRESCO?

TELEMARK KILDEVANN was acquired by REFRESCO in 2025.

What was the revenue of TELEMARK KILDEVANN at the time of the deal?

The revenue of TELEMARK KILDEVANN at the time of the deal is estimated to be in the range of 250M - 500M NOK. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of TELEMARK KILDEVANN during the acquisition?

TELEMARK KILDEVANN's EBITDA is estimated to be in the range of 50M - 100M NOK. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the TELEMARK KILDEVANN 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 TELEMARK KILDEVANN 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://www.refresco.com/en/press-releases/3125035/

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Home Database AgriFoodTELEMARK KILDEVANN

07/2025

TELEMARK KILDEVANN acquired by REFRESCO

NORWAY Food Processing / Beverages / Soft Drinks REV 250M - 500M NOK

Context

Refresco has completed the acquisition of Telemark Kildevann Holding AS (TKV), a Norwegian beverage and mineral water producer, following the announcement of the transaction in May 2025. The deal was finalized after obtaining the customary regulatory approvals and satisfying the closing conditions. This acquisition is a key milestone in Refresco's "Buy & Build" strategy, which aims to strengthen its industrial footprint in Europe and consolidate its positions in attractive regional markets. The acquisition enables the group to expand its production capabilities in the Nordic countries, a strategic region where it was already present in Finland, and enhance its service offering to distributors and branded customers in Norway and Sweden. The integration of TKV reinforces Refresco's industrial platform with additional sites and a solid local customer base, while broadening its beverage portfolio, particularly in the water and soft drinks segments. This transaction is part of a sector consolidation strategy, allowing the group to increase its operational density and customer proximity in the Nordic region.

By taking control of Telemark Kildevann, Refresco continues its expansion strategy. Previously, the group had completed 3 acquisitions, including FríAs NutricióN in 2024.

TELEMARK KILDEVANN, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the AgriFood sector (10.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

-> Deep-dive in AgriFood market trends

Target

Telemark Kildevann Holding AS (TKV) is a Norwegian beverage manufacturer specializing in the production of soft drinks and mineral water. With a long history of operations in Norway, the company's industrial and logistical backbone consists of two production sites located in Fyresdal and Aurskog. TKV is positioned in the premium and high-volume non-alcoholic beverage segment, supplying both large retail customers and third-party brands in Norway and Sweden. The company's business model is built on strong relationships with its retail and branded clients, with whom it maintains close and integrated partnerships within the local supply chain. TKV is renowned for its flexible production capabilities and expertise in refreshing beverages and bottled water, a segment driven by growing demand for natural and high-quality products in the Nordic countries. With a workforce of around 60 employees, the company is a well-established industrial player in its domestic market.

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REFERENCES

Revenue range: 250M - 500M NOK

EBITDA range: 50M - 100M NOK

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TELEMARK KILDEVANN by REFRESCO are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: telemark kildevann

Acquirer: refresco