Nilfisk Holding Acquisition, Valuation & Financials

Nilfisk Holding was acquired by Freudenberg for $598M in December 2025.

Nilfisk Holding acquisition price

$598M

Acquired by Freudenberg · Dec 2025

Nilfisk Holding revenue as a public company

$1.2B

Last twelve months · Apr 2026 · 13% EBITDA margin

Nilfisk Holding revenue multiple before the deal

0.8x

EV/Revenue · last month listed · Apr 2026

Nilfisk Holding EBITDA multiple before the deal

6.3x

EV/EBITDA · last month listed · Apr 2026

Nilfisk Holding Overview

About Nilfisk Holding

Nilfisk Holding AS, through its subsidiaries, manufactures and produces cleaning equipment. The product offered by the group includes floor-cleaning machines, high-pressure cleaners, industrial vacuum cleaners, and outdoor cleaning equipment. In addition, the firm also provides after-sales service for the professional cleaning industry. The business segments consist of Professional, Service, Specialty, and Consumer. The majority of its revenue is generated from the Professional segment, which includes all revenue from sales of professional machines, including Private Label. Geographically, the activities are carried out throughout the region of Denmark.


Founded

2017

HQ

DenmarkDenmark

Status

Acquired

Customer focus

B2B & B2C

Revenue model

Product sales, Services

Revenue

$1.2B (Apr 2026)

Valuation

$598M (acquired Dec 2025)

Sectors

Nilfisk Holding Acquisition

Nilfisk Holding was acquired by Freudenberg for $598M on 11 December 2025.

Freudenberg announced a recommended all-cash voluntary public takeover offer for Nilfisk at DKK 140 per share, valuing the Danish cleaning equipment maker's share capital at about DKK 3.8 billion, a 35.9% premium to the previous close. KIRKBI, which held roughly 20% of Nilfisk, was among the shareholders representing 50.9% of the company that pre-committed to accept, following a competitive strategic review triggered by Nilfisk's weak growth since its 2017 demerger from NKT. The offer completed on 15 April 2026 with Freudenberg holding 94.5% of the shares and proceeding to compulsory acquisition of the remainder, ending KIRKBI's shareholding.

Nilfisk Holding acquisition details
AcquirerDateTypePrice
  • Freudenberg
11 Dec 2025Strategic M&A$598M

Sources: globenewswire.com, nilfisk.com, globenewswire.com

Nilfisk Holding as a Public Company

Nilfisk Holding traded as CHIX: NLFSKc before it was taken private. Its acquisition was announced in December 2025. April 2026 is its last month on record as a listed company, with a market cap of $590M and an enterprise value of $970M.

Last-twelve-month revenue was $1.2B, with EBITDA of $155M (13% margin), and the shares traded at 0.8x EV/Revenue and 6.3x EV/EBITDA.

Over the 4 years before that, its market cap fell from $838M in April 2022 to $590M, while revenue grew from $1.1B to $1.2B.

Nilfisk Holding market cap while listed

Nilfisk Holding EV/Revenue (LTM) while listed

Nilfisk Holding financials and trading multiples by year while listed
As ofMarket capRevenue (LTM)EBITDA (LTM)EBITDA marginEV/RevenueEV/EBITDA
Apr 2026$590M$1.2B$155M13%0.8x6.3x
Apr 2025$364M$1.1B$145M13%0.6x4.7x
Apr 2024$616M$1.1B$147M13%0.8x6.2x
Apr 2023$580M$1.1B$150M13%0.8x6.4x
Apr 2022$838M$1.1B$160M14%1.1x7.7x

Market cap, enterprise value and last-twelve-month figures are month-end values, up to the last month Nilfisk Holding traded.

Nilfisk Holding Competitors

Nilfisk Holding competitors include listed companies like Yuil Robotics, Hyster Yale, Matthews International and Miller Industries, and private ones like Jiangsu KATOP Automation and Huandong Technology.

Public and private companies comparable to Nilfisk Holding
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Yuil RoboticsSouth KoreaSouth KoreaPublicly listed$27M($16M)$597M-
Hyster YaleUnited StatesUnited StatesPublicly listed$3.8B$34M$597M0.3x
Jiangsu KATOP AutomationChinaLiyangPrivate--$573M-
Matthews InternationalUnited StatesUnited StatesPublicly listed$1.5B$151M$629M1.2x
Miller IndustriesUnited StatesUnited StatesPublicly listed$790M$47M$630M0.7x
Huandong TechnologyChinaHangzhouPrivate--$480M-

Nilfisk Holding Public Comps

Nilfisk Holding is no longer listed, but its public comps include Yuil Robotics, Hyster Yale, WashTec, Matthews International, Miller Industries, Titan Machinery, Robostar, AKVA Group, SFA Engineering and Shenzhen Jasic Technology.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Yuil Robotics$27M($16M)21.9x-(35.8x)-
Hyster Yale$3.8B$34M0.3x0.3x30.6x24.8x
WashTec$574M$75M1.1x1.1x8.8x8.9x
Matthews International$1.5B$151M0.8x1.2x8.1x7.6x
Miller Industries$790M$47M0.7x0.7x12.4x11.9x
Titan Machinery$2.4B$31M0.6x0.6x46.0x72.7x
Robostar$55M($3M)9.7x-(160.9x)-
AKVA Group$466M$54M1.5x1.5x13.3x11.6x

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Common questions about Nilfisk Holding

When was Nilfisk Holding founded?Nilfisk Holding was founded in 2017.
Where is Nilfisk Holding headquartered?Nilfisk Holding is headquartered in Denmark.
Is Nilfisk Holding publicly listed?No, Nilfisk Holding was acquired by Freudenberg in December 2025.
Who acquired Nilfisk Holding?Nilfisk Holding was acquired by Freudenberg in December 2025.
How much was Nilfisk Holding acquired for?Nilfisk Holding was acquired for $598M in December 2025.
Which companies are comparable to Nilfisk Holding?Companies comparable to Nilfisk Holding include Yuil Robotics, Hyster Yale, Jiangsu KATOP Automation, Matthews International, Miller Industries and Huandong Technology.
What was Nilfisk Holding's market cap before the acquisition?Nilfisk Holding had a market cap of $590M in April 2026, its last month on record as a listed company, trading at 0.8x EV/Revenue.
What was Nilfisk Holding's revenue as a public company?Nilfisk Holding's last reported twelve-month revenue was $1.2B (April 2026), with EBITDA of $155M.

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