Revoil Petroleum Company S.A. has agreed to acquire a 96.88% stake in Maltezos S.A., a leading Greek manufacturer of solar energy solutions, for a consideration of approximately €2.9 million to €3.3 million, with the deal expected to close by the end of 2025.

Information on the Target

Maltezos S.A., founded in the 1970s, is a prominent Greek manufacturer and distributor of solar water heaters and collectors, as well as various renewable energy solutions. The company has established itself in the renewable energy sector, gaining a strong reputation for its expertise in solar thermal technology and sustainable energy systems.

For the fiscal year 2024, Maltezos is projected to generate revenues of approximately €6.5 million with an EBITDA of about €1.1 million and net debt of approximately €0.26 million. This financial stability underscores the company's potential for growth within the renewable energy market.

Industry Overview in Greece

The renewable energy sector in Greece has been experiencing significant growth, driven by both government initiatives and increasing consumer demand for sustainable energy

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Revoil Petroleum Company S.A.

invested in

Maltezos S.A.

in 2025

in a Buyout deal

Disclosed details

Transaction Size: $4M

Revenue: $7M

EBITDA: $1M

Enterprise Value: $6M

Equity Value: $3M


Multiples

EV/EBITDA: 5.2x

EV/Revenue: 0.9x

P/Revenue: 0.5x

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