TRACTEL acquired by ALIMAK
Context
Alimak Group acquired Tractel from private equity firm Cinven after a seven-year holding period and allows Alimak to significantly diversify its product portfolio by integrating Tractel's market-leading manual lifting and height safety solutions. The deal creates a highly complementary industrial group with pro forma revenues exceeding EUR570 million. The strategic rationale focuses on cross-selling opportunities across a shared global customer base in construction and infrastructure, while leveraging Tractel's high-margin, recurring aftermarket services to enhance the combined group's overall profitability and resilience.
It is worth noting that the fund Cinven took control of Tractel through an LBO in 2015.
TRACTEL, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).
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Target
Tractel is a global leader providing critical safety and lifting solutions, specifically engineered for high-stakes working-at-height environments. Established in 1941, the group has built a strong reputation through its proprietary brands like Tirfor (manual hoists) and Tirak (electric hoists), which are industry standards for reliability and durability. Its comprehensive portfolio spans from suspended access platforms and Corporate pulleys to personal protective equipment (PPE) such as advanced harnesses and fall-arrest systems. Operating in a highly regulated safety market, Tractel leverages a massive network of 8,000 Corporate distributors and serves diverse end-markets including construction, infrastructure, energy, and telecommunications across 120 countries.
Ent. Value
Equity Value
Multiples
EV / Revenue
EV / EBITDA
EV / EBIT
Historical Financials (EUR)
Other operations with TRACTEL
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 07/2015 | CINVEN | TRACTEL | LUXEMBOURG | Lifting & Handling |
REFERENCES
Valuation range: EV 500M - 1.5b EUR
Revenue range: 150M - 250M EUR
EBITDA range: 25M - 50M 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: alimak