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05/2023

WAIKATO MILKING SYSTEMS acquired by INTERPUMP GROUP

NEW ZEALAND Industrial Equipment / Special Machinery EV 50M - 150M NZD

Context

Interpump Group has finalized the acquisition of 100% of the capital of Waikato Milking Systems, including its general partner entities. This strategic transaction represents a significant milestone in the group’s international expansion strategy, specifically targeting the high-growth Oceanic agricultural market. The strategic rationale for the move centers on the group's objective to further diversify its portfolio into the food and dairy technology sectors, leveraging the target's market leadership in New Zealand and Australia. By incorporating this technical specialist, the organization reinforces its global leadership in fluid handling while gaining access to specialized automated milking technologies. The partnership is designed to capitalize on the accelerating digital transformation of the global dairy industry, combining the group’s industrial scale with the target’s innovation-led automated systems. This integration facilitates the cross-pollination of technical expertise across the group’s multidisciplinary platforms, providing the strategic depth required to address increasing global demand for efficient food production systems. This move solidifies the group’s standing as a primary enabler of technological advancement in the agricultural supply chain.

WAIKATO MILKING SYSTEMS, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , a level than the average currently observed in the Industry & Manufacturing sector (11.6x).

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Target

Waikato Milking Systems is a premier technology organization specializing in the development and supply of sophisticated mechanized milking solutions. The entity’s business model has evolved from the design and production of individual components to the delivery of fully integrated and automated dairy management systems. Its value proposition is centered on enhancing operational efficiency and animal welfare through technological innovation, providing farmers with high-precision fluid handling and monitoring tools. Strategically, the firm focuses on the digital transformation of the dairy industry, utilizing advanced sensor technology and automated workflows to optimize milk production. By maintaining a dominant position in the Oceanic market, the organization facilitates the modernization of agricultural practices for professional dairy producers. The entity prioritizes technical durability and precision engineering to maintain its status as an innovation leader in the global food supply chain.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (NZD)

Year
Rev
EBITDA
EBIT
2022
2021

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REFERENCES

Valuation range: EV 50M - 150M NZD

Revenue range: 50M - 100M NZD

EBITDA range: 5M - 25M NZD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of WAIKATO MILKING SYSTEMS by INTERPUMP GROUP 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: interpump group