TRUMPF takes majority stake in CUTLITE PENTA
Context
TRUMPF acquires 80% of Cutlite Penta, an Italian manufacturer of custom-built large-format laser cutting machines, from El.En. group as part of a strategic industrial partnership. The strategic logic rests on product portfolio complementarity. Cutlite brings to TRUMPF in-house production capabilities for very high-power custom machines (30-60 kW), a segment where the German group seeks to strengthen its offering. This acquisition enables TRUMPF to serve the full spectrum of sheet metal fabrication, by adding large-format laser cutting and oversize tube processing solutions to its existing portfolio. The structure provides for El.En. to retain 20% of Cutlite for several years (until 2029 according to price adjustment clauses), reflecting a long-term industrial partnership logic rather than a complete exit. Cutlite will remain an independent brand with its own manufacturing, sales, and service facilities in Prato. The payment includes approximately 13 million euros at closing, with the remainder determined based on December 2029 financial results. This structure enables TRUMPF to access proven technology while maintaining Cutlite's identity and customer relationships.
CUTLITE PENTA, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).
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 Industry & Manufacturing market trends
Target
Cutlite Penta S.p.A. is an Italian manufacturer of high-performance laser cutting systems, based in Prato, Tuscany. The company has 34 years of experience in the design and production of custom-built laser cutting machines, specializing in large-format and very high-power systems (30 to 60 kW). Cutlite's portfolio includes 2D linear laser cutting machines, tube cutting systems, and solutions for oversize tube processing. These equipments are designed to replace traditional plasma cutting machines, which are energy-consuming and slow, by offering a faster and more energy-efficient alternative for thick sheet metal fabrication and heavy metal structures. Cutlite employs approximately 190 people at its Prato facilities, where its machines are developed and manufactured. The company has in-house production capabilities for customized equipments, adapted to specific customer needs in the metal fabrication, structural construction, and sheet metal processing sectors. Cutlite Penta is a subsidiary of El.En. S.p.A. (via its subsidiary Ot-Las), an Italian group listed on Euronext STAR Milan and active in the laser technology market for over 40 years.
Ent. Value
LOGIN
Equity Value
LOGIN
Multiples
EV / Revenue
LOGIN
EV / EBITDA
LOGIN
EV / EBIT
LOGIN
Historical Financials (EUR)
Similar deals in Industry & Manufacturing
| Date | Acquirer | Target | Country | Sector | Deal Context |
|---|---|---|---|---|---|
| 07/2026 | ORIGIN GROUP | DISS-JAWA | BELGIUM | Industrial Equipment | Origin Seal Group has continued its European expansion through the acquisition of DISS-JAWA, a specialist in industrial sealing solutions with operations in Belgium and Germany. The transaction represents the fourth add-on acquisition completed since Abenex became a shareholder and marks another milestone in the Group's strategy to build a leading European industrial sealing platform. In addition to broadening its technological capabilities, the acquisition enables Origin Seal to extend its expertise across the full spectrum of industrial sealing technologies, including the addition of differentiated know-how in metallic sealing |
| 07/2026 | MSA Safety Incorporated | Autronica Fire and Security | NORWAY | Industrial Equipment | MSA Safety Incorporated has completed the acquisition of Autronica Fire and Security, a Norwegian company specialising in the design and manufacturing of fire detection, gas detection and alarm systems for industrial environments and critical infrastructure. The transaction strengthens MSA’s position in advanced safety technologies and supports its strategy of expanding its portfolio of integrated solutions designed to protect people and essential assets. The acquisition is driven by strong technological and commercial complementarity between the two businesses |
| 07/2026 | BREGAL UNTERNEHMERKAPITAL | MDT technologies | GERMANY | Industrial Equipment | IK Partners announced in July 2026 that it had signed an agreement to sell MDT technologies, a German specialist in building automation, to funds advised by Bregal Unternehmerkapital (BU). The transaction marks the exit of IK VIII, which had partnered with MDT since acquiring a stake in March 2020. For BU, the acquisition represents an external growth investment aimed at strengthening its exposure to building technology solutions. MDT provides a specialised platform focused on KNX-based equipment, combining hardware components, sensors and software solutions |
| 07/2026 | ABB | Rotork | UNITED KINGDOM | Industrial Equipment | ABB has announced its intention to acquire Rotork in a transaction unanimously recommended by Rotork’s board. The combination is primarily driven by the strong strategic complementarity between the two businesses. Rotork brings ABB established expertise in flow control and instrumentation, strengthening ABB’s automation offering at the field-device level. The combination would enhance ABB’s “sense-control-act” automation loop by adding intelligent devices and software capable of continuously monitoring and managing industrial processes |
| 06/2026 | HIAB CORPORATION | LABRIE ENVIRONMENTAL GROUP | CANADA | Industrial Equipment | Labrie Environmental Group, a North American specialist in refuse collection vehicles, is being acquired by Hiab Corporation in a strategic transaction aimed at significantly strengthening its exposure to the waste and recycling equipment market in North America. The transaction reflects Hiab’s strategy to expand into resilient end-markets characterised by predictable fleet replacement cycles and structurally supported demand driven by municipal infrastructure and private operators. Hiab, a provider of intelligent on-road load handling solutions, is expanding beyond its traditional segments to build a broader industrial equipment platform |
| 06/2026 | ABB | Høglund | NORWAY | Industrial Equipment | This transaction marks a strategic step in strengthening ABB's marine automation offering. The acquisition of Høglund enables the group to integrate a proven Integrated Automation System (IAS) already deployed on more than 600 vessels, complementing its existing portfolio of control and electrification technologies for the maritime sector. The deal logic rests on several value drivers. First, Høglund already natively uses ABB's 800M and S800 hardware platform, creating immediate technical compatibility and reducing integration risks |
| 06/2026 | GRUPPO CARNOVALI | OFFICINE MINELLI | ITALY | Industrial Equipment | The Carnovali-CBS Group has acquired 100% of Officine Minelli, a leading Italian manufacturer of industrial loaders for recycling activities, as part of an industrial consolidation strategy aimed at strengthening its integrated platform of equipment and solutions for the circular economy. The transaction involves the minority reinvestment of Officine Minelli's historical management and shareholders in the acquiring group, demonstrating their commitment to supporting the next phase of development |
| 06/2026 | PIOVANGROUP | Aasted | DENMARK | Industrial Equipment | Piovan Group announced the definitive agreement to acquire Aasted, a specialist provider of integrated automation solutions for the food‑processing sector. The transaction follows a period of sustained consolidation in the industrial automation market, wherein Piovan has pursued a series of strategic investments to broaden its product portfolio and geographic reach. Aasted, founded in Denmark and recognized for its modular, high‑efficiency control systems, will become a wholly‑owned subsidiary of Piovan, thereby extending the group’s footprint across Northern Europe and enhancing its capability set in sanitary automation |
| 06/2026 | CRH | ARCOSA | UNITED STATES | Industrial Equipment | CRH has entered into a definitive agreement to acquire 100% of the outstanding shares of Arcosa, Inc. in an all-cash transaction. This acquisition represents one of the most significant transactions undertaken by CRH in recent years and aligns with its strategy to enhance its exposure to North American infrastructure. The primary strategic rationale for the acquisition is the substantial strengthening of CRH's aggregates platform in the United States. Arcosa brings a portfolio of 109 quarries and deposits, nine asphalt plants, 19 distribution terminals, and approximately 35 million tons of annual aggregates shipments |
| 06/2026 | ARCLINE INVESTMENT MANAGEMENT | ASTRONOVA INC | UNITED STATES | Industrial Equipment | Arcline Investment Management has signed a definitive agreement to acquire AstroNova in an all-cash deal worth $29 per share, representing a substantial premium to the company's pre-announcement stock price. The transaction has received unanimous approval from AstroNova's Board of Directors and is expected to result in the company transitioning to private ownership under Arcline upon completion. The acquisition is subject to shareholder approval and customary regulatory approvals, with an anticipated completion date in the third quarter of 2026 |
REFERENCES
Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CUTLITE PENTA by TRUMPF 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: cutlite penta
Acquirer: trumpf