Electrolux Professional Group has acquired Adventys, a French manufacturer of induction cooking solutions, to enhance its sustainable product offerings in the commercial kitchen sector.
Target Information
Electrolux Professional Group has announced its acquisition of Adventys, a prominent French manufacturer specializing in induction cooking solutions. Established in 1999, Adventys is dedicated to designing and producing advanced induction cooking equipment. The company operates out of Seurre, France, and employs around 40 staff members, several of whom are engaged in research and development. In 2023, Adventys reported global sales of approximately SEK 70 million, along with an EBITA margin that aligns favorably with Electrolux Professional Group’s target margin of 15%.
By integrating Adventys into its operations, Electrolux Professional Group aims to enhance its technological capabilities in the induction cooking sector and reinforce its established leadership in horizontal cooking solutions. The acquisition signifies a strategic move to build a more sustainable future in cooking technology.
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Industry Overview
The induction cooking industry in France has experienced significant growth, driven by increasing awareness of sustainable cooking methods and energy-efficient technologies. Induction cooking stands out for its ability to de
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Electrolux Professional Group
invested in
Adventys
in 2023
in a Buyout deal
Disclosed details
Transaction Size: $22M
Revenue: $6M
Enterprise Value: $22M
Equity Value: $22M
Multiples
EV/Revenue: 3.4x
P/Revenue: 3.4x