mynth
04/2014

VIGNAL GROUP

takes majority stake in

ABL LIGHTS

FRANCE Automotive / Auto Parts & Suppliers / Auto Parts & Systems EV 10M - 30M EUR

Context

The acquisition of ABL Lights by Vignal Systems is a strategic move to consolidate the European market for work lights and signalling lights for industrial vehicles. By combining their complementary product lines and customer portfolios, the two companies aim to step up their development in Europe, the United States, and Asia. The acquisition will also enable Vignal Systems to extend its geographical coverage into the strategic US market, leveraging ABL Lights' operations in the United States. The deal is expected to boost the group's growth, both in France and abroad, and open up significant cross-selling opportunities with leading manufacturers of utility, industrial, and commercial vehicles. The combination of the two companies will also facilitate the technological switch to LED lighting, which is expected to drive growth over the next five years. With the support of Eurazeo PME, Vignal Systems' majority shareholder, the company has reinjected significant funds into the deal, demonstrating its commitment to driving growth and expansion in the sector.

ABL LIGHTS, which reported an EBITDA margin of LOGIN in 2013, 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 (10.9x).

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

ABL Lights is a leading manufacturer of work lights and driving lights for industrial vehicles, with a rich history dating back to 1875. The company was formed through the merger of three entities - a French, an American, and a Swedish company. ABL Lights boasts a diverse customer base, including major heavy-duty utility vehicle makers and railway manufacturers. With 109 employees and operations in Caen, France, Mosinee, USA, and China, the company has established a strong presence in the global market. ABL Lights' product portfolio is highly complementary to Vignal Systems', allowing for significant cross-selling opportunities. The company's revenue is diversified across France, Europe, the United States, and Asia, with a significant portion of its sales generated outside of its home market. As a specialist in lighting solutions, ABL Lights has initiated its technological switch to LED lighting, which is expected to drive growth over the next five years.

Ent. Value

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Equity Value

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Multiples

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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2013
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2012
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Other operations with ABL LIGHTS

REFERENCES

Valuation range: EV 10M - 30M EUR

Revenue range: 10M - 30M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ABL LIGHTS by VIGNAL GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: 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

Acquirer: vignal group