Valuation Trading Multiples & Precedent Transactions: Industrial Process Equipment Manufacturers
Valuation benchmarks for Industrial Process Equipment Manufacturers. Access public trading comps, EV/EBITDA acquisition multiples, and private market data for pitch books and valuation analysis.
1.1 - Industrial Process Equipment Manufacturers Market Context & Valuation Drivers
Companies in this group manufacture engineered industrial process equipment and systems that move, control, heat, separate, and convert fluids and energy. Business models combine capital equipment sales with aftermarket parts, services, upgrades, and digital monitoring. They are grouped as public trading comparables given common end markets, project-based demand cycles, mission-critical installed bases, and recurring service revenue profiles that underpin valuation benchmarks.
Offerings typically span pumps and valves, heat exchangers and separators, gas and hydro turbines, electrolysis and modular process units, filtration and water treatment systems, and industrial automation, controls, and instrumentation. Many provide lifecycle services, spare parts, brownfield upgrades, predictive analytics, and remote monitoring platforms, plus grid electrification solutions, enabling higher uptime, efficiency, and emissions reductions while expanding the installed base and recurring revenue through long-term maintenance contracts.
Primary customers include energy and utilities, chemicals and industrial process operators, and municipal and industrial water infrastructure. Key valuation metrics include order intake and backlog, book-to-bill, aftermarket revenue mix, pricing and gross margin resilience, EBITDA margins, and free cash flow conversion. Buyers seek reliability, efficiency, decarbonization, and regulatory compliance, supporting long-lived equipment refresh cycles and stable service revenues.
2. Valuation Analysis: Public Trading Comps & Multiples for Industrial Process Equipment Manufacturers companies
2.1 - Public Peer Groups & Median Valuation Multiples for Industrial Process Equipment Manufacturers sector
Comparable group 1: Industrial Process Equipment Manufacturers
Metso
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of sustainable technologies and end-to-end solutions for aggregates, minerals processing, and metals refining industries, focusing on increasing productivity, enhancing energy and water efficiency, and reducing environmental risks.
- Key Products:
- Aggregates production solutions: Mobile and stationary units, plants, and automation solutions for aggregates production
- Metal refining solutions: Smelting solutions and processes for treating raw materials
- Minerals processing equipment: Equipment for minerals processing operations
- Recycling solutions: Technologies for recycling operations
- Automation solutions: Plant design expertise, automation and control systems.
Siemens Energy
- Enterprise value: $●●●m
- Market Cap: $●●●m
- EV/Revenue: ●.●x
- EV/EBITDA: ●●.●x
- Description: Provider of energy technology solutions, specializing in power and heat generation, renewable energy, grid technology, and industrial electrification. The company supports companies and countries in reducing greenhouse gas emissions and creating reliable, affordable, and sustainable energy systems.
- Key Products:
- Gas Turbines: Flexible and efficient technology for power generation
- Electrical Solutions: Comprehensive solutions for electrification and grid stability
- Industrial Heat Pumps: High-temperature heat pumps for industrial applications
- Renewable Energy Systems: Solutions for integration and optimization of renewable energy sources
- Power Plant Services: Maintenance and optimization services for power plants.