WALOR PRECISION TURNING acquired by REED CAPITAL
Context
The transaction involves the divestment of Walor Precision Turning, a business unit of Walor International, which is owned by the private equity firm Mutares, as part of a strategic refocusing on its core business of producing forged parts for the automotive industry. This deal represents an industrial carve-out, aimed at isolating a non-core activity to optimize the seller's portfolio structure. The buyer, Reed Capital, a specialized investment vehicle focused on deal-by-deal transactions and industrial carve-outs, has made a binding offer to acquire the entire division. The transaction is structured as a primary leveraged buyout (LBO) backed by complementary bank financing, which will support the acquisition and future development of the asset. The scope of the divestment includes all precision turning and manufacturing activities for passive safety components in the automotive sector, as well as associated industrial assets spread across three production sites in Europe and Latin America. The seller will retain its forged parts business, confirming its strategy of industrial specialization and portfolio simplification. The transaction is driven by a value creation logic through portfolio optimization, with a clear strategic refocusing for the seller and targeted growth for the buyer. The acquirer intends to capitalize on the industrial expertise of the acquired business and its existing customer base, while pursuing diversification into new, high-growth industrial markets beyond the automotive sector. The completion of the transaction is expected in summer 2026, subject to customary closing conditions and regulatory and social consultations.
WALOR PRECISION TURNING, which reported an EBITDA margin of in 2025, 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 (11.6x).
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Target
Walor Precision Turning is a specialized industrial operation that manufactures high-precision metal components primarily for the automotive industry, with a particular focus on passive safety systems. As a dedicated division of Walor International, a leading automotive parts manufacturer acquired by Mutares in late 2023, Walor Precision Turning leverages its expertise in precision turning and machining to deliver complex components. The company's core activity involves producing high-tech turned parts that are integrated into critical systems, such as seatbelt pretensioners, airbags, and other embedded safety devices in vehicles. To meet the stringent requirements of the automotive industry, Walor Precision Turning prioritizes quality, dimensional precision, and compliance with the industrial standards of top-tier automotive manufacturers and suppliers. With a global industrial footprint spanning three production sites in France, Romania, and Mexico, Walor Precision Turning is well-positioned to serve its clients across multiple geographic regions while benefiting from an optimized cost base. The organization employs approximately 420 people and draws on a rich industrial heritage of expertise in turning, machining, and precision engineering of complex metal parts.
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REFERENCES
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Acquirer: reed capital