When was TRIGO acquired by MONTYON CAPITAL?

TRIGO was acquired by MONTYON CAPITAL in 2026.

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

The revenue of TRIGO at the time of the deal is estimated to be in the range of 450M - 900M EUR.

How is the data for the TRIGO 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 TRIGO 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.ardian.com/news-insights/press-releases/ardian-announces-sale-its-stake-trigo-montyon-capital

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Home Database Business ServicesTRIGO

04/2026

TRIGO acquired by MONTYON CAPITAL

FRANCE Industrial Services / TIC (Testing, Inspection, Certification) REV 450M - 900M EUR

Context

Montyon Capital has finalized the acquisition of a majority stake in Trigo from Ardian, a maneuver designed to fundamentally accelerate the group’s transformation into a multi-sector leader in industrial quality assurance. The strategic rationale for this transaction centers on a "sectoral-diversification" play, merging the target's industry-leading technical operational depth in automotive quality control with a definitive push into the high-growth aerospace and defense verticals. This structural alignment provides the organization with the institutional capital and strategic flexibility required to pursue an innovation-led expansion roadmap. The operation focuses on the industrialization of AI-powered inspection tools, utilizing the target's extensive global database to automate diagnostic workflows and enhance the resolution of complex engineering challenges. By incorporating the sponsor's strategic discipline, the group is now positioned to leverage its international footprint to address the increasing demand for secure, high-performance manufacturing standards.

In the past, the company had already been the subject of several LBOs, notably led by Ik Partners in 2011 and Ardian in 2016. These multiple LBO cycles illustrate the strong appeal for this type of asset.

TRIGO, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.3x).

-> Deep-dive in Business Services market trends

Target

Founded in 1997, Trigo is a global leader in quality management services for the manufacturing sector, particularly in the transportation industry. The company provides operational quality solutions, including inspection, auditing, and consulting services for major international manufacturers in the automotive, aerospace, and rail sectors.

Ent. Value

Equity Value

Multiples

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Historical Financials (EUR)

Year

Rev

EBITDA

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2025

2024

Other operations with TRIGO

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
04/2016	ARDIAN	TRIGO	FRANCE	TIC (Testing, Inspection, Certification)
07/2011	IK PARTNERS	TRIGO	FRANCE	TIC (Testing, Inspection, Certification)

REFERENCES

Revenue range: 450M - 900M EUR

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

Target: trigo

Acquirer: montyon capital