ACEA S.p.A. (BIT:ACE) signed an agreement to acquire Serplast Srl Di Marcon Giovanni & C. and Meg - Manifattura Emiliana Guarnizioni S.R.L. on July 27, 2021. As a part of the transaction, ACEA will acquire 70% stake in Serplast Srl Di Marcon Giovanni and 60% stake in Meg - Manifattura Emiliana Guarnizioni. The acquisition value, based on 100% of the target companies' enterprise value, amounts to €12m, with EBITDA expected to total approximately €3m in 2021.

The transaction implies an average EV/EBITDA valuation of 4x.