Wendel enters talks to acquire Scalian Group

Scalian Group is an engineering consulting firm based in Toulouse, France.

  • Scalian Group will be acquired  by Wendel for an enterprise value of €965m
  • Wendel will invest up to around €550m in equity alongside the management team as part of the transaction
  • Wendel is a listed investment firm based in Paris, France

Wendel has entered talks to acquire Scalian Group, an engineering consulting firm, for an enterprise value of €965 million.

Scalian Group is headquartered in Toulouse, France. The company expects to reach around €510 million in revenue, an adjusted EBITDA around €74 million as of June 2023 LTM, according to a release.

Scalian has reported average annual growth of around more than 30 percent of its revenues, including over 12 percent of organic growth since 2015, the release added.

Wendel will invest up to around €550 million in equity alongside the management team and will hold a large majority stake of the company’s capital, according to a release.

The transaction is expected to be completed in the second half of 2023, subject to relevant regulatory approval.

“This majority investment by Wendel in an unlisted company will be fully in line with the strategic roadmap we announced a few weeks ago, including the ambition to invest two billion euros over the next twenty-four months,” said Laurent Mignon, Wendel Group CEO.

Wendel is one of Europe’s listed investment firms. The firm invests in companies in Europe and North America.  The firm is based in Paris, France.