At what enterprise value was VULCANIC acquired in 2016?

During the acquisition of VULCANIC by QUALIUM in 2016, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR.

When was VULCANIC acquired by QUALIUM?

VULCANIC was acquired by QUALIUM in 2016.

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

The revenue of VULCANIC at the time of the deal is estimated to be in the range of 50M - 100M EUR.

How is the data for the VULCANIC 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 VULCANIC 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.abenex.com/fr/abenex-cede-le-controle-de-vulcanic/

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Home Database Industry & ManufacturingVULCANIC

10/2016

VULCANIC acquired by QUALIUM

FRANCE Industrial Equipment / Special Machinery / Boilers & Thermal Solutions EV 100M - 350M EUR

Context

The transaction represents the fourth LBO for Vulcanic, following its five-year tenure under Abénex and Cathay Capital. The strategic rationale for this buyout centers on accelerating the group’s international footprint, particularly in high-potential regions such as the Middle East and Southeast Asia. The acquisition provides a structured platform for the group to transition from a dominant European player to a truly global consolidator in the electro-thermal market. This operation allows the group to execute a definitive structural expansion into the North American market through targeted acquisitions, while simultaneously reinforcing its presence in the Middle East through its newly established office in Abu Dhabi. By leveraging Qualium's international network and the institutional backing of Future French Champions, the group is positioned to capture large-scale petrochemical and energy projects globally. The maneuver also included a "flexible" debt package to ensure the management team has the necessary capital for future build-up opportunities.

It is worth noting that the fund Abenex took control of Vulcanic through an LBO in 2011.

VULCANIC, which reported an EBITDA margin of in 2015, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Industry & Manufacturing sector (11.8x).

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Target

Founded in 1973, Vulcanic has established itself as a global leader in the design and manufacture of electrical heating and cooling systems for industrial applications. The company specializes in delivering solutions for critical environments across a highly diversified range of sectors, including energy, transportation, oil & gas, and food processing. With a workforce of approximately 650 employees and a network of nine industrial sites across France, Germany, Spain, and Australia, the group serves over 30,000 customers worldwide.

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Other operations with VULCANIC

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2022	SPIRAX-SARCO ENGINEERING	VULCANIC	FRANCE	Boilers & Thermal Solutions
07/2011	ABENEX	VULCANIC	FRANCE	Boilers & Thermal Solutions

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

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

Acquirer: qualium