At what enterprise value was VULCANIC acquired in 2022?

During the acquisition of VULCANIC by SPIRAX-SARCO ENGINEERING in 2022, the transaction's Enterprise Value is estimated to be in the range of 100M - 350M GBP.

What was the EV/EBITDA of VULCANIC when it was acquired by SPIRAX-SARCO ENGINEERING?

The estimated EV/EBITDA multiple for VULCANIC is in the range of 10x - 18x.

When was VULCANIC acquired by SPIRAX-SARCO ENGINEERING?

VULCANIC was acquired by SPIRAX-SARCO ENGINEERING in 2022.

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 GBP.

What was the EBITDA of VULCANIC during the acquisition?

VULCANIC's EBITDA is estimated to be in the range of 5M - 25M GBP.

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://qualium-investissement.com/wp-content/uploads/2024/06/Vulcanic-Press-Release-2022-09-01-FR-vDEF.pdf

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Home Database Industry & ManufacturingVULCANIC

07/2022

VULCANIC acquired by SPIRAX-SARCO ENGINEERING

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

Context

The acquisition of Vulcanic by Spirax-Sarco Engineering plc represents a transformational expansion for the group’s Electric Thermal Solutions (ETS) business, specifically targeting the European market. The strategic rationale for this transaction centers on a "technology-decarbonization" play, merging Vulcanic’s industry-leading technical operational depth in bespoke electric heating with Spirax-Sarco’s established global scale and fluid control infrastructure. This structural alignment provides the organization with the scientific talent and logistical hardware required to address the increasing demand for industrial electrification among European customers. This operation allows Spirax-Sarco to execute a definitive structural expansion of its regional footprint, complementing its existing Americas-centric business and providing a fantastic platform for its newly launched TargetZero product lines.

In the past, the company had already been the subject of several LBOs, notably led by Abenex in 2011 and Qualium in 2016. These multiple LBO cycles illustrate the strong appeal for this type of asset.

VULCANIC, which reported an EBITDA margin of in 2021, 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).

-> Deep-dive in Industry & Manufacturing market trends

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
10/2016	QUALIUM	VULCANIC	FRANCE	Boilers & Thermal Solutions
07/2011	ABENEX	VULCANIC	FRANCE	Boilers & Thermal Solutions

REFERENCES

Valuation range: EV 100M - 350M GBP

Revenue range: 50M - 100M GBP

EBITDA range: 5M - 25M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of VULCANIC by SPIRAX-SARCO ENGINEERING 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: spirax-sarco engineering