mynth
02/2026

UCELIA acquired by NEXTEAM

FRANCE Aerospace, Naval & Defense / Aerostructures EV 20M - 50M EUR

Context

Nexteam acquired Ucelia from Noe Industries in a competitive auction process involving both industrial players and private equity funds. The transaction was closely monitored by the French State due to the target's strategic role in the Rafale fighter jet supply chain. The acquisition allows Nexteam to consolidate the fragmented sand-casting market, creating a dedicated division with €70 million in revenue. For the sellers, the deal marks a successful three-year turnaround cycle, delivering a significant valuation step-up.

UCELIA, which reported an EBITDA margin of in 2024, 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

Ucelia is a Tier 1 and Tier 2 supplier specializing in high-precision aluminum sand casting for the aerospace, defense, and energy sectors. It produces critical structural components for major programs, including the Dassault Rafale, Airbus aircraft, and ArianeGroup rockets. Under Noe Industries' ownership, the company underwent a significant industrial turnaround, with €15 million invested in modernizing production tools and enhancing productivity. The company employs approximately 250 people and has nearly doubled its turnover in three years.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2024
2023

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REFERENCES

Valuation range: EV 20M - 50M EUR

Revenue range: 25M - 50M EUR

EBITDA range: 5M - 25M EUR

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

Press release: view release

Target: ucelia

Acquirer: nexteam