At what enterprise value was TRACEGAINS acquired in 2024?

During the acquisition of TRACEGAINS by VERALTO CORPORATION in 2024, the company was valued at an estimated revenue multiple of 10x - 18x. The transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD. 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 TMT (Tech, Media, Telecom) industry currently tracks an average EBITDA multiple of 14.4x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of TRACEGAINS when it was acquired by VERALTO CORPORATION?

The exact EV/EBITDA multiple for TRACEGAINS is available on mynth capital. For comparison, the TMT (Tech, Media, Telecom) sector currently shows an average EBITDA multiple of 14.4x. Join our community for free to access full valuation data and industry trends.

When was TRACEGAINS acquired by VERALTO CORPORATION?

TRACEGAINS was acquired by VERALTO CORPORATION in 2024.

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

The revenue of TRACEGAINS at the time of the deal is estimated to be in the range of 25M - 50M USD. Register for free to access the full transaction report and exact valuation multiples.

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 TRACEGAINS 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 TRACEGAINS 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://investors.veralto.com/2024-10-07-Veralto-Acquires-TraceGains

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Home Database TMT (Tech, Media, Telecom)TRACEGAINS

10/2024

TRACEGAINS acquired by VERALTO CORPORATION

UNITED STATES Software / Industry-Specific Software EV 300M - 700M USD

Context

Veralto has acquired the holding company of TraceGains. This acquisition strategically expands Veralto’s PQI segment by integrating TraceGains’ food safety software with Esko’s digital workflow solutions for packaging and label design. The deal is a pure "Software-as-a-Service" play, as TraceGains generates over 95% of its sales from recurring subscriptions. Veralto plans to leverage its global sales channel and the Esko customer base to accelerate TraceGains' market presence. Financially, the deal aligns with Veralto’s disciplined capital allocation, with an expected double-digit return on invested capital by year 6. The transaction was funded entirely with cash on hand, highlighting Veralto's strong balance sheet following its recent spin-off.

TRACEGAINS, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the TMT (Tech, Media, Telecom) sector (14.4x).

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 TMT (Tech, Media, Telecom) market trends

Target

TraceGains is a leading provider of cloud-based software solutions (SaaS) dedicated to the food and beverage industry. Its business model revolves around a "networked ecosystem" that connects over 80,000 supply chain locations, providing digital visibility into more than 550,000 ingredients. The platform enables consumer brands to automate digital workflows for compliance, supplier quality monitoring, and traceability. By digitizing critical workflows across new product development and packaging, TraceGains helps brands meet stringent global regulations while reducing time-to-market. The company operates with a high-margin, recurring revenue model, serving as a mission-critical transparency tool for global food stakeholders for over 15 years.

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REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 25M - 50M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TRACEGAINS by VERALTO CORPORATION 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: tracegains

Acquirer: veralto corporation