May 2026
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Largest DeepTech Public Companies in France
Benchmark revenue and EBITDA valuation multiples for public comps like
Air Liquide, Thales, Soitec, Eutelsat and Exosens.
 | Founded in 1902, Air Liquide is one of the leading industrial gas companies in the world, serving over 3.8 million customers in 78 countries. The company generated approximately EUR 27.9 billion of revenue in 2025, serving a wide range of industries, including chemicals, energy, healthcare, food and beverage, and electronics. Air Liquide employs approximately 65,000 people. | $214 | +2% | $124B | $135B | 4.3x | 14.2x | ||
| Thales is a French aerospace and defense industrial and one of Europe's largest defense contractors. The company has three segments: defense and security provides sensors, mission systems, communications, and control systems to European and export defense customers; aerospace sells avionics and satellites to the civil, defense, and governmental markets; and digital identity and security provides biometric, data, and identity security solutions, payments services, and the manufacturing of SIM cards. | $270 | -12% | $56B | $57B | 2.2x | 14.5x | ||
| Soitec is a French company that manufactures and sells engineered semconductor wafers. Soitec supplies silicon-on-insulator, or SOI, wafers worldwide and also provides other engineered substrates like gallium nitride or silicon carbide. Soitec sells wafers to fabrication plants that use the them to produce chips. Soitec has facilities in France, Singapore, and China. | $205 | +310% | $7B | $8B | 7.6x | 23.3x | ||
| Eutelsat Communications is a French commercial satellite provider with coverage spanning the European continent, the Middle East, Africa, India, and the Americas. It operates a fleet of over 36 satellites serving broadcasters, telecommunications operators, Internet service providers, and government agencies. These satellites are used for video broadcasting, news gathering, broadband services, and data connectivity solutions. The company generates revenue in Europe, the Americas, the Middle East, North Africa, and Asia. | $5 | +58% | $5B | $7B | 4.8x | 8.9x | ||
| Exosens SA is a high-tech company specializing in electro-optical technologies for amplification, detection, and imaging. It offers products such as night vision tubes, ultraviolet cameras, travelling wave tubes, and various detectors for defense, life sciences, nuclear, and industrial sectors. With multiple production sites in Europe and North America. The company’s activities are organized into two main segments: Amplification, which focuses on electron or electromagnetic wave amplification systems mainly used in defense night vision equipment and generates the majority of its revenue, and Detection & Imaging, which provides high value-added components for commercial markets such as nuclear power, research, and industrial applications. | $75 | +50% | $4B | $4B | 6.7x | 20.8x | ||
| Societe Industrielle et Financiere de l'Artois SA is a France-based holding company specializing in manufacturing and marketing of terminals and computer peripheral equipment. | $10,653 | +3% | $3B | $2B | 13.3x | 222.0x | ||
| Vusion is a company that offers Vuision Retail IOT technology platform to help retailers transform their physical stores into high-value digital assets that are more automated, data-driven, and connected in real-time to suppliers and consumers. It connects shelves to the cloud, providing real-time accurate information on product availability and location, allowing for reduced inventory, out-of-stock, and waste, as well as improved on-shelf availability and merchandizing compliance. | IoT+1 | $157 | -- | $3B | $2B | 1.2x | 5.5x | |
| Nanobiotix SA is a clinical-stage biotechnology company that has one operating segment, which focuses on developing product candidates that use its proprietary nanotechnology to transform cancer treatment by increasing the efficacy of radiotherapy. The company develops NanoXray products to help patients receiving radiotherapy by magnifying the effect of radiotherapy within tumor cells without increasing the dose to surrounding healthy tissues. Its product candidate is NBTXR3, a preclinical research program for cancer immunotherapies. | $43 | +907% | $2B | $2B | 55.9x | (150.8x) | ||
| 2CRSI SA is engaged in researching, designing and manufacturing servers and IT solutions. The company offers expertise in storage solutions, intensive computing, dedicated servers, converged systems and appliances. | $58 | +710% | $1B | $1B | 5.1x | 166.5x | ||
| Mersen SA produces and sells electrical power products and materials across France, North America, Europe, and the Asia-Pacific, as well as globally. The group's operations are divided into two segments: Advanced Materials and Electrical Power. The Advanced Materials segment focuses on carbon-related products, including graphite specialties for high-temperature uses and anti-corrosion equipment mainly for chemical and power transmission applications. Meanwhile, the Electrical Power segment encompasses the electrical market, offering Power Management solutions and electrical protection and control products, such as fuses, industrial fuse holders, and surge protection systems. | $47 | +98% | $1B | $2B | 1.1x | 7.4x | ||
| Lumibird, formerly Quantel SA is an enterprise engaged in the designing, manufacturing, and sale of scientific laser solutions. Scientific and industrial applications lasers used by research laboratories in the study of material, cleaning lasers, marking, measurement, and others. whereas, Medical applications include specialized lasers for ophthalmology, dermatology, and esthetics. The company generates a majority of its revenue from the scientific and industrial applications. | $30 | +76% | $659M | $757M | 2.8x | 14.6x | ||
| Parrot SA creates, develops, and markets consumer technology products for smartphones and tablets worldwide. It offers consumer drones, including mini, AR, and bebop drones; commercial drones; handsfree kits, plug and plays, and infotainment products; Bluetooth, digital music, and infotainment solutions; and audio products and connected devices. | $13 | +40% | $407M | $389M | 4.2x | (43.0x) | ||
| Riber is a France based company engaged in providing solutions for semiconductor industry. The company, along with its subsidiaries, is engaged in designing, producing, selling and maintaining molecular beam epitaxy (MBE) systems, and evaporation sources and cells for the semiconductor industry. It is used for manufacturing of compound semiconductor materials and new materials which are used in consumer applications, from information technologies to organic light emitting diode flat screens and new generation thin layer solar cells. The products include MBE components and sources, CVD SEMI systems, and VTE and Linear sources. In addition, it also offers installation, maintenance, engineering, upgrading and process training services for its products. | $19 | +487% | $398M | $392M | 8.3x | 41.0x | ||
| Cellectis SA is a clinical stage biotechnological company, employing the core proprietary technologies to develop products based on gene-editing, with a portfolio of allogeneic Chimeric Antigen Receptor T-cells, or UCART, product candidates in the field of immuno-oncology and gene-edited hematopoietic stem and progenitor cells, or HSPC product candidates in other therapeutic indications. | $4 | +146% | $380M | $281M | 3.6x | (8.3x) | ||
| Sophia Genetics SA is a healthcare technology company dedicated to establishing the practice of data-driven medicine as the standard of care and for life sciences research. It has built a cloud-based SaaS platform capable of analyzing data and generating insights from complex multimodal data sets and different diagnostic modalities. The Company had a physical presence in three countries outside of its headquarters in Switzerland: France, the United States, and Brazil. | $5 | +63% | $352M | $349M | 4.5x | (8.4x) | ||
| Median Technologies is engaged in providing medical imaging products and services for diagnosing and monitoring cancer patients in both routine clinical practice and clinical drug development. The company focuses on the oncology clinical trials market and the cancer patient care market. The company has two platforms, iSee for imaging services in clinical trials and eyonis for non-invasive diagnostic tests based on imaging for the treatment of patients suffering from cancer. Its revenue is generated from contracts for providing imaging services for oncology clinical trials using dedicated software. Geographically, the company generates revenue from EMEA, the USA/Canada, and China. | $7 | +168% | $260M | $264M | 9.6x | (14.2x) | ||
| Eurobio Scientific is one of the leading providers of specialty in vitro diagnostics and life-science solutions. The product portfolio includes Tetanos Quick Stick, BJI InoPlex, AlloMap, and TEDAC Consortium. | $25 | -12% | $256M | $250M | 1.3x | 7.7x | ||
| Kalray SA is engaged in developing large-scale core processor solutions that offer high performance, low power consumption and real-time processing. Its MPPA processor family, based on its patented supercomputing on a chip many-core technology, delivers differentiated solutions for server acceleration and data center optimization, as well as for critical embedded applications in aerospace, defense and automotive. | $15 | +2764% | $237M | $237M | 12.3x | 52.5x | ||
| Carvolix SA specializes in the development of AI-based mini-robots and biomimetic implants designed to autonomously replace heart valves and treat strokes. | $4 | +117% | $214M | $234M | 48.8x | (16.8x) | ||
| NSE SA is engaged in developing, designing, and selling integrated systems and support services in the defense, aerospace and electronics sectors. It offers onboard electronic and electromechanical navigation systems and equipment, Flight data monitoring and tracking, Intelligent geolocation systems. | $57 | +22% | $189M | $198M | 1.5x | 12.7x | ||
| Entech SA specializes in the design and manufacture of renewable energy such as solar and wind conversion and storage systems. In addition, the company builds and commissions ground-level and rooftop photovoltaic power stations. | $12 | +42% | $180M | $190M | 2.1x | 35.2x | ||
| MGI Digital Graphic Technology SA is a France-based company engaged in designing, manufacturing, and selling digital printing and finishing equipment for the graphics industry. The company offers digital printing and finishing equipment in the areas of inkjet technology, digital printing, spot UV coating, embossed hot foiling, adhesive labels, digital finishing, plastic card production, envelope solutions, and turnkey paper solutions. | $16 | +9% | $98M | $78M | 1.1x | 5.5x | ||
| Ekinops SA is engaged in providing optical transport solutions for service providers and private networks worldwide. It provides EKINOPS 360, a carrier-class optical transport platform designed for metro, regional, and long-haul applications. The company also offers 10G, 100G, and 200G carrier-grade solutions that facilitate the transmission, aggregation, and forward error correction capabilities. | $4 | -18% | $97M | $103M | 0.8x | 8.5x | ||
| SMAIO SA is engaged in offering spine surgeons a complete solution, consisting of software, implantable devices, and associated services, to treat spinal pathologies requiring surgery. | $10 | +127% | $62M | $61M | 5.7x | (59.1x) | ||
| Memscap SA is a France-based company. It is engaged in the provision of solutions based on micro-electromechanical systems (MEMS) technology. The company operates in four market segments: Aerospace, Medical / Biomedical, Mass Market / Other Applications, and Optical Communications / Adaptive Optics. | $7 | +63% | $50M | $50M | 3.5x | 23.4x | ||
| Drone Volt SA is engaged in the design, assembly and marketing of remote-controlled terrestrial and aerial drones for TV channels broadcasting, security and surveillance, transportation, agriculture and topography. | $1 | -5% | $41M | $41M | 3.9x | (6.2x) | ||
| Tonner Drones SA is engaged in the developing and marketing of security and surveillance solutions intended for the military field as well as private and public security: the ISS SPOTTER Wired captive surveillance drone, the automatic drone for surveillance of sensitive sites ISS SPOTTER Automatic or even trailers SPOTTER BOT mobile video security systems. | $0 | +74% | $28M | $33M | 268.4x | 22.9x | ||
| Biosynex SA is engaged in the research, development, and manufacturing of fast diagnosis tests on membrane support for health professionals. It manufactures and markets medical devices for screening, diagnosis. | $1 | -9% | $25M | $87M | 0.8x | 62.5x | ||
| Egide SA designs manufacture and sells hermetic packages for the protection and interconnection of types of electronic or photonic chips. Its products include aluminum hermetic packages, butterfly packages, modulators, multi-chip modules, and power packages. The company products are used in radars, infrared detectors, satellites, and optoelectronics modules. | $1 | +107% | $25M | $23M | 0.7x | (90.6x) | ||
| Arcure SA specializes in AI-driven image processing solutions. Its products have applications in the autonomous industrial vehicle industry. The company designs and sells a smart solution, Blaxtair, to prevent collisions between pedestrians and vehicles operating in demanding industrial environments. The Blaxtair solution equips off-road industrial vehicles, construction vehicles, and handling equipment operating in an industrial environment with intelligence that reliably detects pedestrians and issues warnings to the driver or automatically stops the vehicle when it identifies a risk of collision with a pedestrian. Geographically, the company generates maximum revenue from Europe (excluding France), followed by North America, France, Asia Pacific, and the Rest of the world. | $3 | -36% | $21M | $26M | 1.8x | — | ||
| Cibox Inter@ctive specializes in the development of computer peripherals, connected terminals and Internet objects. The company manufactures smartphones, tablets and PC, and connected objects. The product portfolio includes - Myfone 5, Myfone 5c, Myfone 5e, Myfone 5s, My game 7, Oberon, Smoke detector, Motion detector, Door detector, and Plug. | $0 | -48% | $11M | $13M | 0.7x | (4.5x) | ||
| Carmat is a France-based company dedicated to designing, manufacturing, and marketing Aeson, the artificial heart. The company's mission is to establish Aeson as the primary alternative to heart transplantation, offering a life-saving therapeutic option for patients with end-stage biventricular heart failure who face a severe shortage of donor hearts. | $0 | -88% | $7M | $72M | — | — | ||
| Altheora is engaged in the transformation of composite materials and plastics. It is involved in the production of plastic and composite material parts for the automotive industry. Further, also involved in the manufacturing of products for electrical networks, for telephone networks and for water and gas networks. | $1 | +29% | $7M | $20M | 0.5x | 13.0x | ||
| AMA Corp PLC specializes in the development of remote assistance, inspection, and training solutions involving connected glasses, a dedicated smartphone, and external video sources such as webcams, thermographic cameras, endoscopes, microscopes, and others. Geographically the company operates in Europe, which includes subsidiaries in France, Germany, the UK, Romania, Italy and Spain and which invoice customers in Europe; North America, which includes subsidiaries in the United States and Canada and which invoice customers in the North American area; and lastly Asia, which includes subsidiaries in Hong Kong, Shanghai and Japan and which invoice customers in the Asia area. | $0 | -51% | $7M | $8M | 3.4x | (1.4x) | ||
| Adeunis RF SA is engaged in the manufacture of connected devices and the development of ready-to-use wireless solutions. | $1 | +0% | $4M | $5M | 1.1x | (2.5x) | ||
| Median | $10 | +46% | $237M | $237M | 3.5x | 8.5x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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