mynth
11/2023

UPONOR acquired by GEORG FISCHER

FINLAND Industrial Equipment / Components / Valves, Pumps & Taps EV 1b - 4b EUR

Context

Achieving a significant milestone in its industrial consolidation strategy, Georg Fischer has finalized the acquisition of a controlling stake in Uponor. This public tender offer marks a transformative step in creating a global leader in sustainable water and flow solutions, effectively combining two highly complementary technical portfolios. The strategic rationale for this transaction is rooted in the convergence of global megatrends, specifically the increasing demand for safe water delivery and energy-efficient building infrastructure. By integrating the target's expertise in indoor climate and residential water management with the acquirer’s industrial and utility piping leadership, the organization establishes a comprehensive technical platform capable of addressing the full spectrum of fluid handling challenges. The partnership is designed to leverage significant cross-selling opportunities across global markets while optimizing operational and manufacturing efficiencies. Furthermore, the inclusion of the target’s leadership in the acquirer’s governance structure ensures a smooth integration and the alignment of long-term innovation roadmaps. This deal reinforces the group’s position as an essential partner for urban development and resource management, facilitating the expansion of its value proposition into high-growth segments of the global construction and industrial infrastructure landscape.

UPONOR, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN 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.

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Target

Uponor is a global provider of sustainable water management and indoor climate solutions. The organization’s business model focuses on delivering safe drinking water, energy-efficient radiant heating and cooling, and reliable infrastructure solutions. Its value proposition is centered on technical innovation that addresses critical challenges such as water scarcity, energy efficiency, and high-quality construction. The entity’s strategy emphasizes the digitalization of water systems and the development of high-performance polymer piping to replace traditional materials in residential, commercial, and industrial applications. By maintaining a strong focus on sustainability and circularity, the firm supports the transition to more resilient urban environments. The organization operates as a strategic technical partner for architects, installers, and property owners, ensuring the integrity of fluid handling systems throughout the building lifecycle.

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REFERENCES

Valuation range: EV 1b - 4b EUR

Revenue range: 1b - 3b EUR

EBITDA range: 100M - 200M EUR

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

Acquirer: georg fischer