October 2026
Largest DeepTech Public Companies in Netherlands
Benchmark revenue and EBITDA valuation multiples for public comps like
NXP Semiconductors, ASM International, Besi, TKH Group and Fastned.
 | NXP Semiconductors is a Netherlands-based semiconductor company supplying chips and related technology for electronic systems. Its products include microcontrollers, processors, analog devices, connectivity components and secure identification technology. Automotive customers use its products in vehicle control, connectivity, infotainment and sensing applications. The company also supplies industrial and connected-device markets, mobile equipment and communications infrastructure. Its technology combines processing, mixed-signal electronics and security functions within embedded systems designed by equipment manufacturers. Revenue comes from the sale of semiconductor products to business customers, supported by software and development tools that help customers incorporate those chips into finished systems. NXP expanded its product range through the acquisition of Freescale Semiconductor in 2015. Its headquarters are in Eindhoven, and it operates as a publicly listed global supplier. | $225 | +8% | $57B | $65B | 5.3x | 17.1x | ||
| ASM International is a Dutch company that supplies deposition equipment for chip fabrication. It is the leader in atomic layer deposition, or ALD, a precise deposition technique that is required in the most advanced semiconductors. ASM’s main clients are logic foundries TSMC, Samsung, and Intel, as well as memory foundries SK Hynix and Micron Technology. Foundries and wafer fab equipment providers like ASM work closely, which gives the firm insight into the customer’s innovation and product road maps. Once a machine is established in a fab, it can generate service revenue for decades. | $982 | +51% | $48B | $47B | 13.1x | 37.4x | ||
| BE Semiconductor Industries supplies advanced packaging equipment for the semiconductor industry. Besi has a highly focused product portfolio coupled with a flexible business model, which allows it to maintain high gross and operating margins. Besi’s main clients include the world’s largest logic and memory foundries (TSMC, Samsung, Intel, and Micron) as well as integrated device manufacturers and outsourced assembly and test companies. | $197 | +15% | $16B | $16B | 23.5x | 70.0x | ||
| TKH Group NV is a provider of vertical-specific communications and connectivity solutions. Its operations are organized into three segments, which include Smart Vision systems, Smart Connectivity systems, and Smart Manufacturing systems. The firm derives revenue from the Netherlands, Europe (other), Asia, North America, and other. The Smart Vision systems segment operates through a coherent, vertically integrated business model combining hardware, software, and service focused on delivering end-to-end 2D/3D vision and security solutions. Smart Manufacturing systems segment focuses on delivering automated, software-driven production systems for specialized industrial markets. Smart Connectivity systems segment operates as a technology-driven provider of specialized connectivity solutions. | $60 | +35% | $2.4B | $3.1B | 1.6x | 10.5x | ||
| Fastned BV specializes in the construction and operation of fast charging stations for fully electric vehicles. Its fast charging stations are capable of providing services to all types of electric vehicles, such as Tesla Model 3/S/X, Nissan Leaf, BMW i3, and Hyundai Ioniq, among others. The company generates revenue from the sale of electricity to EV drivers, plus other revenues from sales of renewable energy units and maintenance fees. It has six operating segments: the Netherlands, Germany, the United Kingdom, Belgium, France, and Other Europe. Other Europe consists of Switzerland, Italy, Spain, and Denmark. Maximum revenue is generated from the Netherlands. | $49 | +91% | $1.9B | $2.3B | 14.7x | 141.3x | ||
| Alfen NV is engaged in the business of developing, producing, and selling various products, systems, and services related to the electricity grid. The company's business segments are Smart Grid Solutions, Energy Storage Systems, and EV Charging Equipment. Geographically, the company derives maximum revenue from the Netherlands, followed by Belgium and Finland. | $12 | +11% | $270M | $263M | 0.5x | 11.2x | ||
| NX Filtration NV is a provider of direct nanofiltration membrane technology for producing pure and affordable water to improve quality of life. . NX Filtration sells its filtration membranes in the form of modules in its two business lines: Clean Municipal Water and Sustainable Industrial Water Geographically, it derives a majority of revenue from Europe (excluding the Netherlands) and also has a presence in North America; Asia, and Rest of World. | $4 | +12% | $211M | $220M | 15.5x | (11.9x) | ||
| Zepp Health Corp is engaged in the business of manufacturing smart health wearable products. The company operates in one segment which is Amazfit-branded products. The product portfolio includes smartwatches and fitness bands. | $4 | -91% | $53M | $229M | 0.9x | (8.6x) | ||
| Median | $54 | +14% | $2.1B | $2.7B | 9.2x | 14.1x |
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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