Va-Q-tec
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Va-Q-tec - overview
Established
2000
Location
Wurzburg, Bayern, Germany
Primary Industry
Packaging
About
Based in Germany, Va-Q-tec specializes in advanced thermal energy efficiency solutions, providing innovative temperature-controlled supply chain systems and high-performance insulation products essential for the food and pharmaceutical industries. Founded in 2000 in Würzburg, Germany, Va-Q-tec develops thermal energy efficiency technologies. The company underwent a significant transformation in December 2022, when a consortium led by EQT acquired a majority stake for EUR 384 million. Joachim Kuhn, who has a history in thermal technology, serves as both the CEO and founder.
The firm has completed a total of 3 deals to date. Va-Q-tec focuses on creating advanced thermal solutions, including vacuum insulation panels (VIPs) and phase change materials (PCMs). These products are utilized to maintain consistent temperatures for food and pharmaceuticals during transport, particularly in thermal packaging systems and energy-efficient construction. The company's offerings cater to diverse sectors such as food retail, pharmaceuticals, and construction, primarily in Europe, North America, and Asia.
In the most recent fiscal year of 2023, Va-Q-tec reported revenue of EUR 114,868,061. 10, alongside an EBITDA of EUR -1,860,636. 60. The company operates on a B2B model, generating income through direct sales of thermal packaging and insulation products, as well as consulting services in thermal engineering.
Following the recent acquisition in December 2022, Va-Q-tec aims to leverage the EUR 384 million investment to enhance its long-term development and growth. The company plans to introduce new products focused on improving thermal efficiency and expand into markets beyond its current reach, specifically targeting regions in Asia and North America by 2025. This strategic move aims to enhance their market presence and solidify their position within the thermal energy efficiency sector.
Current Investors
Cinven, EQT, Mubadala Investment Company
Primary Industry
Packaging
Sub Industries
Packaging
Website
www.va-q-tec.de/
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Va-Q-tec - timeline of key events
Va-Q-tec - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Jun 30, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Jun 30, 2020 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 20,319,000 | 22,296,000 | 15,620,219 | 46,926,000 | 50,708,000 | 64,667,000 | 35,651,000 | 72,106,000 | 104,063,000 | - | - | - |
| % Revenue Growth (YoY) | - | 9.7% | - | - | - | 27.5% | - | - | - | - | - | - |
| EBITDA (USD) | 2,634,879.4 | 3,718,585.7 | 2,161,359 | 7,210,000 | 3,027,000 | 9,673,000 | 6,291,000 | 11,525,000 | 18,762,000 | - | - | - |
| Operating Income (USD) | 1,393,827.1 | 2,302,660.7 | (429,268) | (318,000) | (6,837,000) | (2,559,000) | 202,000 | (900,000) | 5,044,000 | - | - | - |
| Operating Margin | 6.9% | 10.3% | (2.7%) | (0.7%) | (13.5%) | (4.0%) | 0.6% | (1.2%) | 4.8% | - | - | - |
| % EBITDA Margin | 13.0% | 16.7% | 13.8% | 15.4% | 6.0% | 15.0% | 17.6% | 16.0% | 18.0% | - | - | - |
| NET Income (USD) | 782,204.5 | 1,333,849.6 | (1,142,243) | (858,000) | (7,728,000) | (2,566,000) | (350,000) | (1,435,000) | 2,162,000 | - | - | - |
| % Net Margin | 3.8% | 6.0% | (7.3%) | (1.8%) | (15.2%) | (4.0%) | (1.0%) | (2.0%) | 2.1% | - | - | - |
Va-Q-tec - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Public to Private | Completed | Va-Q-tec | - | ||||||||
| IPO | Completed | Va-Q-tec | - | ||||||||
| Growth | Completed | Va-Q-tec | - |
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Va-Q-tec - employee data
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