Europe
United States
Cobepa completes the sale of Scalian to Wendel
Brussels/Paris, July 27th 2023 -- Cobepa completes the sale of Scalian to Wendel (Euronext: MF.FP) for an Enterprise Value of €965m. Wendel invested €557 million of equity, holding a 82% interest in Scalian, alongside management of the company.
Founded in 1989, Scalian is ranked among France's Top 10 engineering consulting firms, is also active internationally, providing industrial project management services for issues pertaining to supply chain (costs, quality, deadlines, performance), digital engineering from architecture to embedded digital systems development and system applications, big data and AI. Scalian also addresses optimization and performance of projects and organizations, as well as providing digital transformation support for industry and service sector leaders.
The group expects to reach c. €515 million in revenue, an adjusted EBITDA[1] margin of c. 14% as of June 2023 LTM, and totaled c. 5,500 employees at this date.
Since 2015, the company has delivered average annual growth of around +30% of its revenues, including +12% of organic growth despite Covid, amplified by a selective external growth strategy, in France and internationally, with nine acquisitions completed over the same period.
Scalian has implemented a ESG policy having resulted in several certifications (ISO 9100, 9001,14001, 27001). The Group has obtained an Ecovadis silver medal in 2022 and has the ambition to further develop its ESG approach by 2025.
[1] Adjusted EBITDA after IFRS 16 calculated according to Wendel's usual methodology.