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Largest Industry 4.0 Public Companies in the UK
Benchmark revenue and EBITDA valuation multiples for public comps like
QinetiQ, Greencoat UK Wind, Cohort, Avon Technologies and Judges Scientific.
 | QinetiQ Group PLC is a company operating in the aerospace, defense, and security sectors. The services and products offered are air (air engineering services, air traffic management, safety, and environmental management); C4ISR (communication, reconnaissance, intelligence and surveillance, space security, fast jet sensor fusion training, sensors, cyber and data science among many others); Cyber (accreditation support, security health check, data classification, insider threat management among others); Maritime ( Maritime Autonomy Centre, Naval Mission Systems, Maritime Stealth among many others). | $6 | -8% | $3B | $3B | 1.3x | 98.1x | ||
| Greencoat UK Wind PLC is a renewable infrastructure fund, solely and fully invested in operating UK wind farms. The company aims to provide investors with an annual dividend that increases in line with RPI inflation. It also tries to preserve the capital value of its investment portfolio in the long-term on a real basis through reinvestment of excess cash flow and the prudent use of portfolio leverage. The company invests in both onshore and offshore wind farms. All of the group's income is generated within the UK. | $1 | -14% | $3B | $5B | (86.6x) | - | ||
| Cohort PLC is a holding company. It is engaged in providing services to customers in defense, security, and related markets. The company operates through two divisions: Communications and Intelligence, and Sensors and Effectors It generates maximum revenue from the Communications and Intelligence segment. Geographically, it derives its revenue from the UK and has a presence in Portugal, other EC countries, Germany, Asia Pacific and Africa, and North and South America. | $17 | -17% | $785M | $841M | 2.3x | 17.6x | ||
| Avon Technologies PLC is engaged in the design and manufacture of protective equipment. Its product portfolio falls into four categories: CBRN respiratory, Non-CBRN respiratory, Integrated CBRN, and underwater respiratory. The company operates through two segments, Avon Protection and Team Wendy, which supply respiratory and head protection products from manufacturing sites in the UK and North America. The majority of revenue is generated from the Avon Protection segment. Geographically, the company operates in Europe and the United States, with the majority of revenue coming from the United States. | $22 | -14% | $656M | $730M | 2.7x | 23.6x | ||
| Judges Scientific PLC is engaged in the designing, manufacturing, and sale of scientific instruments. The company operates in two main segments namely Materials Sciences and Vacuum. The firm specializes in the acquisition and development of a portfolio of scientific instrument businesses. The company has operational footprints across the United Kingdom, the Rest of Europe, North America, and the Rest of the world. | $57 | -52% | $380M | $442M | 2.3x | 10.1x | ||
| Vertical Aerospace Ltd is engaged in making air travel personal, on-demand, and carbon-free. The company is a world-wide aerospace and technology company that is pioneering electric aviation, focused on designing, manufacturing, and selling a zero operating emission eVTOL aircraft for use in the AAM market, using the technology from the aerospace, automotive, and energy industries. The VX4, Vertical's flagship aircraft, is a piloted electric vertical take-off and landing (eVTOL) vehicle capable of carrying four passengers. The Group operates as a single operating segment and one reporting segment, being the development and commercialization of eVTOL technology. | $2 | -68% | $275M | $298M | - | 1.1x | ||
| AFC Energy PLC is a provider of hydrogen fuel cell power systems to generate clean energy in support of the energy transition. The company’s scalable systems provide off-grid, zero-emission power that is already being deployed for rapid electric vehicle charging and the replacement of diesel generators for temporary power applications. it is also working with its partners in the deployment of products for the Maritime, Ports, Data Centers, and Rail industries, emphasizing the central role of its technology in the decarbonization of industry. | $0 | +2% | $234M | $200M | - | - | ||
| Tracsis PLC is engaged in the business of software development and consultancy for the rail industry. It is organized into two main business segments: Rail Technology and Services and Data, Analytics, Consultancy & Events. The Rail Technology and Services division includes software, consultancy, and remote condition monitoring technology, and also includes Ontrac. The Data, Analytics, Consultancy & Events division which derives majority revenue, focuses on data capture and analytics, geographic information systems, earth observation, consultancy and event traffic management within a range of transport and pedestrian rich environments. The company currently operates in three geographical markets: the United Kingdom, Ireland, Rest of Europe, North America, and Rest of the world. | $5 | -24% | $136M | $107M | 1.0x | 6.5x | ||
| Oxford Metrics PLC is a smart sensing and software company that enables organisations to capture, analyse, and act on motion and measurement data to improve performance, efficiency, and decision-making. The Group operates through two divisions, Motion Capture and Smart Manufacturing, serving life sciences, entertainment, engineering, and smart manufacturing markets. Motion Capture involves the development, production, and sale of computer software and equipment, and contributes the majority of revenue, while Smart Manufacturing focuses on vision inspection systems. The Group operates in the UK, Europe, North America, Asia Pacific, and other regions, with the majority of revenue generated from North America. | $1 | -8% | $69M | $24M | 0.4x | 2.9x | ||
| learnd SE is engaged in the design, installation, service and maintenance of Building Management Systems (BMS) and Building Energy Management Systems, and the provision of associated bureau services. | $3 | -- | $39M | $36M | - | 39.6x | ||
| Median | $4 | -14% | $328M | $370M | 1.3x | 13.9x |
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