Spherea Test & Services SAS
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Spherea Test & Services SAS - overview
Established
1965
Location
Toulouse, -, France
Primary Industry
Software
About
Spherea Test & Services SAS specializes in advanced testing solutions, enhancing the reliability and operability of critical systems across diverse sectors like aeronautics, defense, transportation, energy, automotive, and medical industries. Spherea Test & Services SAS, founded in 1965, operates from its headquarters in Toulouse, France. The company focuses on providing tailored testing solutions and services. In May 2019, a consortium led by Andera Partners and Omnes Capital, along with the management team, acquired a majority stake in Spherea, reinforcing its strategic direction.
The founder's previous entrepreneurial history is not detailed. Spherea offers a comprehensive suite of advanced testing solutions designed for various sectors. Key products include the U-TEST® SIL Test Platform for all development phases, the PLUTON power emulator with regenerative power capabilities, and the ATEC® Series 7 and ATMOS® Test Benches for avionics manufacturing. Spherea serves a global clientele, providing enhanced testability and validation for complex systems, maintaining support throughout product lifecycles.
In 2024, Spherea generated a revenue of USD 104. 10 mn, with an EBITDA of USD 18. 71 mn. Their business model is primarily B2B, involving project-based contracts or service agreements tailored to client needs, particularly in industries such as aerospace, where specialized validation testing is required.
Spherea plans to broaden its technological offerings and strengthen its market position in Asia and the US. The acquisition in May 2019 will support strategic expansions and acquisitions in France and Europe. Recent funding will be pivotal in developing new products and expanding into targeted markets, ensuring comprehensive support for their clients' evolving needs.
Current Investors
Andera Partners, Omnes Capital, Ace Capital
Primary Industry
Software
Sub Industries
Analytics & Performance Software, Engineering Software
Website
www.spherea.com
Total Amount Raised
Subscriber access only
Spherea Test & Services SAS - timeline of key events
Spherea Test & Services SAS - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 94,837,352 | 99,529,675 | 101,802,127 | 104,049,878 | 79,006,874 | 74,090,685 | 77,453,086 | - | - | - |
| % Revenue Growth (YoY) | - | 4.9% | 2.3% | 2.2% | (24.1%) | (6.2%) | 4.5% | - | - | - |
| EBITDA (USD) | 10,492,275 | 11,566,224 | 8,091,433 | 5,878,861 | 2,386,997 | 7,663,436 | 8,230,058 | - | - | - |
| Operating Income (USD) | 9,339,507 | 10,483,681 | 6,643,273 | 4,352,746 | 943,272 | 5,119,640 | 6,428,778 | - | - | - |
| Operating Margin | 9.8% | 10.5% | 6.5% | 4.2% | 1.2% | 6.9% | 8.3% | - | - | - |
| % EBITDA Margin | 11.1% | 11.6% | 7.9% | 5.7% | 3.0% | 10.3% | 10.6% | - | - | - |
| NET Income (USD) | 5,916,604 | 8,205,392 | 4,970,218 | 2,170,828 | (13,577,488) | 4,936,741 | 7,206,795 | - | - | - |
| % Net Margin | 6.2% | 8.2% | 4.9% | 2.1% | (17.2%) | 6.7% | 9.3% | - | - | - |
Spherea Test & Services SAS - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Averna Technologies Inc. | - | ||||||||
| Secondary Buyout | Completed | Spherea Test & Services SAS | - | ||||||||
| Secondary Buyout | Completed | Spherea Test & Services SAS | - | ||||||||
| Buyout | Completed | Spherea Test & Services SAS | - |
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Spherea Test & Services SAS - employee data
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