Machinery and Equipment Valuation Multiples and M&A in 2026
The most valuable machinery businesses are the ones that keep earning after the equipment is sold. Makers of laboratory instruments, whose customers keep buying consumables and service for years after installation, trade at a median of 20.2x EBITDA. Construction and mining equipment makers, which depend on new orders that rise and fall with the economy, trade at around 10x. Buyers are paying for the same thing: in July, ABB agreed to pay 19.5x EBITDA for UK actuator maker Rotork, and Parker agreed to pay 19.6x for Filtration Group, which makes around 85% of its sales from replacement parts.
Key takeaways
- Across 48 listed machinery and equipment companies that we have analysed, the median trades at 13.8x EV/EBITDA 2026E; subsector medians run from 10.0x for construction, mining and heavy equipment to 20.2x for analytical and scientific instruments.
- EBITDA margin explains only about a quarter of the spread. The rest reflects the share of revenue from aftermarket parts, service and consumables, and exposure to structural growth in data centres, electrification and energy.
- Flow control and filtration attracted the largest strategic deals: Baker Hughes, Parker and ITT committed around $28bn to Chart Industries, Filtration Group and SPX FLOW in 2025, at up to 19.6x EBITDA before synergies.
- UK engineering businesses are in demand: ABB is paying 19.5x EBITDA for Rotork, KKR paid 19.7x EBITDA for Spectris after a contest with Advent, and Valmet paid around 12x for UK valve maker Severn.
- Atlas Copco, Halma, MPE Partners and Valmet were among the buyers of UK and European engineering businesses in 2025–26, from family-owned service companies to listed groups.
The backdrop: strategic buyers are paying for installed bases
The largest machinery transactions of the past eighteen months share one feature: the target sells parts, consumables and service into a large installed base of its own equipment. Parker agreed to acquire Filtration Group for $9.25bn in November 2025, at 19.6x EBITDA before synergies, for a business that generates around 85% of its sales in the aftermarket. ITT agreed to acquire SPX FLOW for $4.8bn at 14.2x 2026E EBITDA, Baker Hughes agreed to acquire Chart Industries for $13.6bn, and Flowserve paid 14.0x EBITDA for Trillium’s valves business, citing an installed base of more than 200,000 units.
UK engineering has been a consistent source of targets. In July 2026, ABB agreed to acquire Rotork, the UK’s leading flow control actuator maker, at 19.5x 2025 adjusted EBITDA, its largest acquisition to date. KKR acquired precision instrumentation group Spectris in 2025 for an enterprise value of around £4.7bn, or 19.7x EBITDA, after a bidding contest with Advent, close to double the undisturbed share price. Valmet acquired UK-headquartered valve maker Severn from private equity owner Bluewater at around 12x EBITDA, and US private equity firm MPE Partners acquired industrial chain maker Renold. Below these headline deals, overseas strategics continue to buy UK service and distribution businesses that extend their aftermarket reach.
Sources: company announcements and offer documents (ABB, Rotork, Parker, ITT, Baker Hughes, Flowserve, Valmet, KKR, Spectris).
Machinery and equipment trading multiples by subsector
The 48 listed companies trade at a median of 13.8x EV/EBITDA 2026E, with subsector medians from 10.0x to 20.2x. Analytical instruments and industrial technology lead the ranking, followed by agricultural machinery (where the median is inflated by financing arms, discussed below), flow control and process equipment, electrical equipment and cables, and HVAC. Construction, mining and heavy equipment sits at the bottom, though it contains the widest range of any group. Figure 1 sets each subsector’s median and range alongside its EBITDA margin and expected revenue growth.
Margin explains only part of the multiple
Across the 48 companies, EBITDA margin explains only around a quarter of the variation in multiples (R² of 0.24). Companies with almost identical margins trade far apart. Trane and Carrier both earn EBITDA margins of around 20%, but Trane trades at 19.9x and Carrier at 12.1x; Trane’s commercial HVAC business is more exposed to data-centre cooling and recurring service contracts. Epiroc and Sandvik both earn around 25%, but Epiroc, two-thirds of whose revenue comes from aftermarket parts and service, trades at 17.5x against Sandvik’s 12.8x. Caterpillar (22.2x) trades at more than double Komatsu (8.6x), supported by expected revenue growth of 13.5% a year as demand for its power generation equipment from data centres rises.
The market looks past margin to three things: how much of the revenue recurs from the installed base, how exposed the business is to structural growth, and how much of the order book depends on customers’ capital spending cycles.
Analytical and scientific instruments — the razor-and-blades model
Analytical and scientific instrument makers trade at the highest median in machinery, at 20.2x, in a narrow range from Bruker at 14.7x to Waters at 20.9x. Once an instrument is installed in a regulated laboratory, the customer buys consumables, service contracts and software for its working life, and switching supplier means revalidating methods. That recurring stream supports EBITDA margins of around 30% for the leaders. Bruker (14.7x), with a lower margin of 18.2% and more exposure to academic and government research budgets, sits at the bottom of the range. Waters’ expected growth of 40% a year reflects its combination with Becton Dickinson’s biosciences and diagnostics business.
| Company | Country | Mkt cap m, local ccy | EV/EBITDA 2026E | EBITDA mgn 2026E | Rev growth 26–28E |
|---|---|---|---|---|---|
| Waters | US | $40,283 | 20.9x | 32.8% | 40.2% |
| Mettler-Toledo | US | $25,762 | 20.8x | 31.5% | 5.0% |
| Thermo Fisher | US | $226,884 | 20.6x | 26.1% | 6.2% |
| Danaher | US | $142,882 | 19.7x | 31.6% | 7.3% |
| Agilent | US | $41,387 | 19.3x | 29.4% | 7.0% |
| Bruker | US | $8,023 | 14.7x | 18.2% | 4.4% |
| Median | 20.2x | 30.5% | 6.6% |
Ranked by consensus EV/EBITDA 2026E; market cap in millions of local currency. Shaded cells at or above the peer-set median. Source: Deal Ascent analysis, consensus estimates as of 10 November 2026.
Industrial technology and automation — proprietary components, long product lives
Industrial technology and automation companies trade at a median of 15.9x, from Timken at 10.0x to Parker Hannifin at 22.1x. The leaders make engineered components and systems — motion control, compressors, robotics, fasteners — that are specified into customers’ equipment and replaced throughout its life. Parker (22.1x) and Atlas Copco (18.5x), each with significant service and aftermarket revenue and expected growth of 12–13% a year, lead the group, and FANUC (18.4x) benefits from demand for factory automation. Regal Rexnord (10.3x) and Timken (10.0x), whose bearings and power transmission products are more exposed to industrial production cycles, sit at the bottom. Roper (14.5x) earns the highest margin in the group, 39.1%, but lower expected growth than the leaders.
| Company | Country | Mkt cap m, local ccy | EV/EBITDA 2026E | EBITDA mgn 2026E | Rev growth 26–28E |
|---|---|---|---|---|---|
| Parker Hannifin | US | $123,328 | 22.1x | 27.7% | 12.5% |
| Atlas Copco | Sweden | SEK 877,896 | 18.5x | 26.2% | 13.3% |
| FANUC | Japan | ¥4,947,611 | 18.4x | 27.0% | 9.1% |
| Illinois Tool Works | US | $76,623 | 17.2x | 29.3% | 4.1% |
| Roper | US | $39,027 | 14.5x | 39.1% | 7.0% |
| Dover | US | $25,475 | 13.1x | 23.2% | 5.6% |
| Regal Rexnord | US | $10,246 | 10.3x | 22.1% | 8.0% |
| Timken | US | $7,470 | 10.0x | 18.4% | 3.6% |
| Median | 15.9x | 26.6% | 7.5% |
Ranked by consensus EV/EBITDA 2026E; market cap in millions of local currency. Shaded cells at or above the peer-set median. Source: Deal Ascent analysis, consensus estimates as of 10 November 2026.
Agricultural machinery — read the multiples with care
Agricultural machinery has a median of 14.2x, but the figure overstates how the market values farm equipment. Deere (31.8x) and CNH Industrial (18.6x) run large financing arms that lend to dealers and farmers. Their enterprise values include the billions of debt that fund those loans — a lending business rather than equipment manufacturing — which inflates the reported EV/EBITDA multiple. AGCO (9.8x) and Kubota (9.2x) are a better guide to how the equipment businesses are valued, against a farm cycle that has been weak since 2024.
| Company | Country | Mkt cap m, local ccy | EV/EBITDA 2026E | EBITDA mgn 2026E | Rev growth 26–28E |
|---|---|---|---|---|---|
| Deere | US | $186,387 | 31.8x | 18.4% | 8.5% |
| CNH Industrial | Italy/US | $17,019 | 18.6x | 5.6% | 5.0% |
| AGCO | US | $8,565 | 9.8x | 10.2% | 4.4% |
| Kubota | Japan | ¥3,123,486 | 9.2x | 16.4% | 5.5% |
| Median | 14.2x | 13.3% | 5.3% |
Ranked by consensus EV/EBITDA 2026E; market cap in millions of local currency. Shaded cells at or above the peer-set median. Source: Deal Ascent analysis, consensus estimates as of 10 November 2026.
Flow control and process equipment — where the deals are
Flow control and process equipment trades at a median of 13.6x, from GEA at 9.7x to IDEX at 17.5x, and is the most active area of machinery M&A. Pumps, valves, actuators, filters and separators are installed for decades, and the aftermarket for spare parts, repairs and upgrades often exceeds the value of the original sale. IDEX (17.5x) and Alfa Laval (15.3x) combine high margins with niche positions. UK-listed IMI trades at 13.2x. GEA (9.7x) and JBT Marel (10.3x), which sell food and beverage processing lines, carry more project and capital-spending exposure. Hexagon Composites (16.4x), a maker of composite gas cylinders, is priced on expected revenue growth of 32% a year.
| Company | Country | Mkt cap m, local ccy | EV/EBITDA 2026E | EBITDA mgn 2026E | Rev growth 26–28E |
|---|---|---|---|---|---|
| IDEX | US | $16,376 | 17.5x | 27.2% | 6.0% |
| Hexagon Composites | Norway | NOK 4,275 | 16.4x | 10.2% | 32.1% |
| Alfa Laval | Sweden | SEK 220,799 | 15.3x | 20.5% | 8.1% |
| Xylem | US | $27,944 | 13.7x | 23.2% | 3.9% |
| Flowserve | US | $10,884 | 13.5x | 18.5% | 5.8% |
| IMI | UK | £7,030 | 13.2x | 24.1% | 3.9% |
| JBT Marel | US | $5,777 | 10.3x | 17.1% | 5.5% |
| GEA | Germany | €10,346 | 9.7x | 17.1% | 5.5% |
| Median | 13.6x | 19.5% | 5.7% |
Ranked by consensus EV/EBITDA 2026E; market cap in millions of local currency. Shaded cells at or above the peer-set median. Source: Deal Ascent analysis, consensus estimates as of 10 November 2026.
Electrical equipment and cables — priced on electrification
Electrical equipment and cables trade at a median of 13.5x, with the highest expected revenue growth in machinery, at 10.3% a year. Grid investment, interconnectors and data-centre construction support demand for high-voltage cable: NKT (13.9x) and Prysmian (13.0x) trade well above Nexans (8.0x). Legrand (14.8x) and TE Connectivity (13.0x) earn margins of 24–26% on electrical and connectivity components. Mitsubishi Electric trades at 14.8x on a margin of 11.3%.
| Company | Country | Mkt cap m, local ccy | EV/EBITDA 2026E | EBITDA mgn 2026E | Rev growth 26–28E |
|---|---|---|---|---|---|
| Legrand | France | €35,107 | 14.8x | 23.7% | 10.8% |
| Mitsubishi Electric | Japan | ¥10,207,186 | 14.8x | 11.3% | 6.1% |
| NKT | Denmark | €6,292 | 13.9x | 11.1% | 12.1% |
| Prysmian | Italy | €34,558 | 13.0x | 12.7% | 10.9% |
| TE Connectivity | Ireland | $62,715 | 13.0x | 26.0% | 9.8% |
| Nexans | France | €5,745 | 8.0x | 12.0% | 7.8% |
| Median | 13.5x | 12.4% | 10.3% |
Ranked by consensus EV/EBITDA 2026E; market cap in millions of local currency. Shaded cells at or above the peer-set median. Source: Deal Ascent analysis, consensus estimates as of 10 November 2026.
HVAC and building climate — two tiers
HVAC companies trade at a median of 12.1x, but split into two tiers. Trane (19.9x) and Johnson Controls (19.4x) focus on commercial buildings, where data-centre cooling, energy-efficiency retrofits and long-term service agreements support growth of 8–10% a year. Carrier (12.1x), Systemair (9.6x) and Daikin (8.8x) carry more exposure to residential and light commercial equipment, where demand is more cyclical. Bosch paid $4.6bn, or 16.7x fiscal 2023 EBITDA, for Johnson Controls’ North American ducted HVAC business in 2024, against 7.5x for its stake in the Hitachi air-conditioning joint venture.
| Company | Country | Mkt cap m, local ccy | EV/EBITDA 2026E | EBITDA mgn 2026E | Rev growth 26–28E |
|---|---|---|---|---|---|
| Trane | Ireland | $93,732 | 19.9x | 20.4% | 9.8% |
| Johnson Controls | Ireland | $83,447 | 19.4x | 18.6% | 8.0% |
| Carrier | US | $47,201 | 12.1x | 20.5% | 5.7% |
| Systemair | Sweden | SEK 14,734 | 9.6x | 13.0% | 5.0% |
| Daikin | Japan | ¥5,471,632 | 8.8x | 12.8% | 6.2% |
| Median | 12.1x | 18.6% | 6.2% |
Ranked by consensus EV/EBITDA 2026E; market cap in millions of local currency. Shaded cells at or above the peer-set median. Source: Deal Ascent analysis, consensus estimates as of 10 November 2026.
Construction, mining and heavy equipment — aftermarket against the cycle
Construction, mining and heavy equipment has the lowest median in machinery, at 10.0x, and the widest range, from Manitowoc at 5.2x to Caterpillar at 22.2x. Within the group, the multiple follows the aftermarket. Epiroc (17.5x), Metso (14.3x), Sandvik (12.8x) and UK-listed Weir (11.9x) earn most of their revenue from parts, wear components and service for equipment already operating in mines; at Weir, around 80% of revenue is aftermarket. Makers of new cranes, trucks and construction machines — Volvo (8.1x), Komatsu (8.6x), Palfinger (5.9x) and Manitowoc (5.2x) — are valued on orders that rise and fall with construction and freight cycles. Caterpillar stands apart, supported by its power generation business and dealer-led service network.
| Company | Country | Mkt cap m, local ccy | EV/EBITDA 2026E | EBITDA mgn 2026E | Rev growth 26–28E |
|---|---|---|---|---|---|
| Caterpillar | US | $360,385 | 22.2x | 22.6% | 13.5% |
| Epiroc | Sweden | SEK 282,564 | 17.5x | 25.0% | 9.4% |
| Metso | Finland | €13,987 | 14.3x | 18.6% | 8.0% |
| Sandvik | Sweden | SEK 455,217 | 12.8x | 25.8% | 9.0% |
| Weir Group | UK | £6,707 | 11.9x | 23.8% | 6.7% |
| Greenbrier | US | $1,333 | 10.0x | 11.4% | -5.1% |
| Terex | US | $6,525 | 8.8x | 11.8% | 6.4% |
| Komatsu | Japan | ¥5,335,508 | 8.6x | 17.6% | 3.2% |
| Volvo | Sweden | SEK 681,844 | 8.1x | 15.6% | 6.0% |
| Palfinger | Austria | €1,135 | 5.9x | 11.2% | 4.9% |
| Manitowoc | US | $880 | 5.2x | 7.0% | 4.4% |
| Median | 10.0x | 17.6% | 6.4% |
Ranked by consensus EV/EBITDA 2026E; market cap in millions of local currency. Shaded cells at or above the peer-set median. Source: Deal Ascent analysis, consensus estimates as of 10 November 2026.
Recent machinery and equipment transactions and the multiples paid
Recent transactions follow the same pattern as the listed market: the highest multiples are paid for aftermarket-rich businesses in flow control, filtration and automation. The table below sets out selected deals since 2024, including UK acquisitions, with EBITDA margin and EV/EBITDA where disclosed.
| Announced | Target | Country | Acquirer | Deal value | EBITDA mgn | EV/EBITDA |
|---|---|---|---|---|---|---|
| Flow control and process equipment | ||||||
| Jul 2026 | Rotork (actuators) | UK | ABB | £4.1bn | 24.6% | 19.5x1 |
| Feb 2026 | Trillium Flow Technologies valves division | US | Flowserve | $490m | 17.5% | 14.0x2 |
| Dec 2025 | Severn Group (valves) | UK | Valmet | $480m | 16.0% | c.12x3 |
| Dec 2025 | SPX FLOW | US | ITT | $4.8bn | 22.3% | 14.2x4 |
| Nov 2025 | Filtration Group | US | Parker Hannifin | $9.25bn | 23.5% | 19.6x5 |
| Jul 2025 | Chart Industries | US | Baker Hughes | $13.6bn | 23.8% | 13.6x6 |
| Instruments and safety technology | ||||||
| Jan 2026 | Safetec (gas detection) | Italy | Halma | €72.5m | 28.8% | 12.3x |
| Jul 2025 | Spectris (precision instruments) | UK | KKR | £4.7bn | 18.4% | 19.7x |
| Jul 2025 | BD Biosciences & Diagnostic Solutions | US | Waters | $17.5bn | 27.2% | 18.9x |
| Feb 2025 | Solventum purification and filtration | US | Thermo Fisher | $4.1bn | n/d | n/d |
| Components, compressors and power transmission | ||||||
| Nov 2025 | Anglian Compressors & Equipment (compressed air service) | UK | Atlas Copco | n/d | n/d | n/d |
| Jun 2025 | Renold (industrial chain) | UK | MPE Partners | £232m | 18.0% | 5.2x |
| Mar 2025 | MSS Group (gas generation systems) | UK | Atlas Copco | n/d | n/d | n/d |
| Electrical equipment | ||||||
| Mar 2025 | Channell (enclosures) | US | Prysmian | $950m | n/d | <8x7 |
| HVAC | ||||||
| Jul 2024 | North American ducted HVAC business (Johnson Controls) | US | Bosch | $4.6bn | n/d | 16.7x8 |
| Construction and heavy equipment | ||||||
| Jul 2024 | Environmental Solutions Group (Dover) (waste-handling equipment) | US | Terex | $2.0bn | 20.8% | 11.1x9 |
Source: company announcements, offer documents and press reports; Deal Ascent analysis. Dates are announcement dates; country is the target’s home market. Deal value is enterprise value. n/d = not disclosed. Multiples are before synergies unless stated. 12025 adjusted EBITDA; ABB expects the multiple to fall to the mid-teens including synergies; margin is the 2025 adjusted operating margin; service 24% of revenue. 22025 EBITDA; installed base of more than 200,000 valves. 3Around 2025E EBITDA; sold by private equity owner Bluewater. 4Forecast 2026 adjusted EBITDA; 11.5x including expected cost synergies; aftermarket 43% of sales; margin on trailing twelve months to September 2025. 52025E adjusted EBITDA; 13.4x including c.$220m of expected cost synergies; aftermarket around 85% of sales. 62024 adjusted EBITDA; around 9x consensus 2025 EBITDA including synergies. 7Below 8x 2024 EBITDA. 8Fiscal 2023 EBITDA; part of Bosch’s $8.1bn acquisition of Johnson Controls’ residential and light commercial HVAC business, which also included a stake in the Hitachi air-conditioning joint venture at 7.5x. 9$2.0bn gross; 9.6x net of c.$275m of expected tax benefits and 8.4x including synergies; 2024E EBITDA. Illustrative — does not constitute advice.
Where multiples are disclosed, businesses with recurring revenue from an installed base command the highest prices: 19.7x for Spectris, 19.6x for Filtration Group, 19.5x for Rotork and 18.9x for BD’s biosciences and diagnostics business. Flow control businesses with large aftermarkets cleared at 12–14x before synergies, including Severn, Trillium, SPX FLOW and Chart Industries, and Halma paid 12.3x for Italian gas detection specialist Safetec. Equipment businesses with more exposure to new-build and industrial cycles sold lower: 11.1x for Dover’s waste-handling equipment business, below 8x for Channell and 5.2x for UK industrial chain maker Renold. Smaller UK service and distribution businesses, such as Anglian Compressors and MSS Group, are being absorbed by global groups to extend their aftermarket reach.
Who is buying UK machinery and equipment businesses
The buyer universe for UK machinery and equipment businesses is international, and it is paying for technology, installed bases and access to service revenue. Four groups are active.
Global industrial strategics
Buying technology, installed bases and aftermarket revenue, from listed UK groups to family-owned service companies.
ABB, Atlas Copco, Valmet, Parker Hannifin, Flowserve, ITT
Private equity
Taking UK-listed engineering groups private and backing buy-and-build platforms in flow control, instrumentation and components.
KKR, Advent, MPE Partners, Bluewater
UK-listed acquirers
Acquiring niche technology businesses in safety, instrumentation and flow control, in the UK and abroad.
Halma, IMI, Spirax Group, Weir Group, Judges Scientific
Serial acquirers
Buying profitable, founder-owned engineering and technical businesses and keeping their management teams in place.
Indutrade, Lagercrantz, Addtech, Lifco — see our wholesale and distribution note
What moves a machinery business within the range
The subsector sets the reference band. Six characteristics then determine where a privately owned machinery or equipment business is priced within it, or outside it.
Aftermarket and service
Revenue from spare parts, consumables, repairs and service contracts on an installed base is the strongest driver of value, and the first thing buyers measure.
Proprietary technology
Patented designs, specified-in products and certifications that customers must requalify to replace protect margin and pricing.
End-market exposure
Exposure to data centres, grid and electrification, water, defence and life sciences attracts a premium over construction, automotive and general industrial demand.
Order book and cyclicality
A visible order book, framework agreements and resilient earnings through the last downturn reduce the discount for cyclicality.
Customer concentration
A broad customer base across sectors and regions is valued more highly than dependence on a few OEMs or a single large contract.
Capital intensity
Low maintenance capital spending, efficient working capital and outsourced manufacturing where appropriate improve cash conversion and the multiple.
What this means for owners considering a sale
The listed screen sets the reference point, but a privately owned machinery or equipment business is valued on its own mix of revenue. The most useful preparation is to make that mix visible: revenue split between original equipment and aftermarket, the size and age of the installed base, service contract coverage and renewal rates, gross margin by product line, order book and backlog, and normalised EBITDA on a stated lease basis.
The buyer universe is broad and international. Global strategics are paying premium multiples for installed bases and aftermarket revenue, private equity continues to take UK engineering groups private and build platforms, and listed and serial acquirers buy smaller niche businesses steadily. Each values a business differently, and a process that tests each group gives the clearest evidence of value.
Frequently asked questions
What EV/EBITDA multiple do machinery and equipment companies trade at in 2026?
Across 48 listed machinery and equipment companies analysed by Deal Ascent, the median is 13.8x EV/EBITDA 2026E. Subsector medians range from 10.0x for construction, mining and heavy equipment and 12.1x for HVAC to 13.6x for flow control and process equipment, 15.9x for industrial technology and 20.2x for analytical and scientific instruments.
Why do aftermarket-heavy equipment businesses trade at higher multiples?
Revenue from spare parts, consumables and service on an installed base recurs for the life of the equipment and is less exposed to customers’ capital spending cycles. Epiroc, with two-thirds of revenue from the aftermarket, trades at 17.5x EV/EBITDA 2026E, while new-equipment makers such as Volvo and Komatsu trade at around 8x.
What multiples have recent machinery acquisitions achieved?
Parker paid 19.6x EBITDA before synergies for Filtration Group and ABB is paying 19.5x for UK actuator maker Rotork. KKR paid 19.7x for Spectris and Waters 18.9x for BD’s biosciences and diagnostics business. ITT paid 14.2x 2026E EBITDA for SPX FLOW, Flowserve 14.0x for Trillium’s valves division and Valmet around 12x for UK valve maker Severn, while Prysmian paid below 8x for Channell.
How are UK engineering companies valued by acquirers?
Recent UK transactions range from 5.2x to 19.7x EBITDA: KKR paid 19.7x for Spectris after a bidding contest with Advent, ABB is paying 19.5x for Rotork, Valmet paid around 12x for valve maker Severn, and MPE Partners paid 5.2x for industrial chain maker Renold. UK-listed Weir Group and IMI trade at 11.9x and 13.2x EV/EBITDA 2026E.
Why do Deere and CNH trade at such high EV/EBITDA multiples?
Deere and CNH Industrial run large financing arms that lend to dealers and farmers. Their enterprise values include the debt that funds those loans — a lending business rather than equipment manufacturing — which inflates the reported EV/EBITDA multiple. AGCO (9.8x) and Kubota (9.2x) are a better guide to how agricultural equipment businesses are valued.
Who is buying UK machinery and equipment businesses?
Four groups are active: global industrial strategics such as ABB, Atlas Copco and Valmet; private equity investors such as KKR and MPE Partners; UK-listed acquirers such as Halma and IMI; and serial acquirers such as Indutrade and Lagercrantz buying founder-owned engineering businesses.
Where does a machinery business sit in the range?
Deal Ascent advises owners of UK machinery, equipment and engineering businesses on sale processes, from valuation and preparation to completion. For owners weighing a sale, an approach or succession, we can benchmark where a business sits and how buyers are likely to value it.
Get in touch for a confidential benchmark.
This note is intended for information purposes only and does not constitute financial, investment, tax or legal advice. Valuation multiples are based on consensus estimates for listed peer groups as of November 2026 and are provided for directional context only. Precedent multiples are based on public disclosures and are not strictly comparable across bases and deal structures. Private-company outcomes will differ. Deal Ascent is an appointed representative and is authorised and regulated in the conduct of relevant activities. Specific professional advice should be sought before making any business or financial decision.