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This report is accessible on EMAT, the reference database for private company acquisition multiples



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Transaction Multiples for the Valuation of Private Companies

Panasonic / Air-Conditioning Business of Systemair

No EMAT : 111303
Announced Date : 17/11/2022
Type : Acquisition of Majority Stake
Deal Value : Yes
Acquirer : Panasonic

Target : Air-Conditioning Business of Systemair
Country : Germany
Sector of activity :
  • Construction Finishings > Construction & Building Materials > Heating, Ventilation and Air-Conditioning (HVAC)
Business Description :
Systemair air-conditionning business manufactures hydronic systems. > Solutions produce hot and chilled water by collecting heat in the ambient air in buildings and factories and circulate them in...

Transaction multiples available
Gross Profit
P/E Price
to Book
Rating : *
Multiple available
n.s.   Multiple calculated, but not significant

Source: Epsilon Research / EMAT

Comparable Transactions

  • Number of EMAT Reports / sub-sector « Heating, Ventilation and Air-Conditioning (HVAC) » = 34
Example of comparable transactions on EMAT (same sub-sector):
Date Acquirer Target Country Multiples See details
22/02/2022 Airbus, Safran and Tikehau ACE Capital AD Aubert & Duval France ** 111718
30/09/2004 NWD Group Plc Clinic Group Ltd United Kingdom ** 10235

Source: Epsilon Research / EMAT

About Epsilon Research

Epsilon Research is an independent research and financial analysis bureau, and the reference source of transaction multiples for the valuation of private companies through its EMAT database.

EMAT Report

► Each EMAT Report includes the detailed analysis of the transaction: deal rationale and structure, target business lines and financials (restated), valuation multiples (calculation and analysis).


► Example of EMAT Report