Eltronic Group
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Eltronic Group - overview
Established
2000
Location
-, -, Denmark
Primary Industry
Software
About
Eltronic Group, based in Denmark, specializes in advanced engineering and technology solutions for the renewable energy sector, primarily focusing on offshore wind energy, optimizing project performance and efficiency through innovative services. Eltronic Group provides engineering and technology solutions specifically for the renewable energy industry. Founded in 2000 in Denmark, the company has evolved to address critical challenges in offshore wind energy. Louise Andreasen and Morten Svendsen serve as the CEOs.
Most recently, in December 2024, the company was fully acquired from Blue Equity, supporting its organic growth strategy, following a history of two deals. Eltronic Group is headquartered in Denmark. Eltronic Group specializes in providing advanced engineering and technology solutions tailored to the renewable energy sector, with a strong emphasis on offshore wind energy. Their core offerings include comprehensive engineering services, innovative control systems, and high-quality project management solutions designed to enhance performance and efficiency.
The company's technologies address challenges in energy generation, focusing on operational reliability and predictive maintenance. Their clientele includes major energy producers and utility companies involved in offshore wind projects across Europe and North America, catering to those seeking sustainable energy solutions. In the most recent fiscal year 2023, Eltronic Group achieved a revenue of USD 50. 97 mn, with an EBITDA of USD 4.
05 mn. The company primarily generates revenue through B2B transactions, establishing contracts focused on specific engineering services or technology implementations across various phases of offshore wind projects, ensuring a consistent cash flow aligned with project milestones. Eltronic Group's future growth strategy includes enhancing its product offerings and expanding its market presence. The company's management anticipates launching new engineering technologies aimed at optimizing renewable energy projects, with specific release dates to be determined in upcoming quarters.
They also plan to expand into new geographic markets, targeting regions with significant offshore wind potential by the end of 2025. The recent acquisition of Eltronic Group in December 2024 will further support their organic growth initiatives, leveraging the existing expertise and resources to enhance their market position.
Current Investors
Blue Equity
Primary Industry
Software
Sub Industries
Accounting/Finance Software, Analytics & Performance Software, HR & Workforce Software
Website
www.eltronic-group.com/
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Eltronic Group - timeline of key events
Eltronic Group - financials
| Fiscal Year Ended | Oct 31, 2011 | Oct 31, 2012 | Oct 31, 2013 | Oct 31, 2014 | Oct 31, 2015 | Oct 31, 2016 | Oct 31, 2017 | Oct 31, 2018 | Oct 31, 2019 | Oct 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Oct 31, 2024 | Oct 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | - | 211,488,114 | 219,995,991 | 325,112,267 | 369,397,086 | 361,940,152 | 342,296,905 | 134,342,654 | 157,388,523 | 238,708,311 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | 4.0% | 47.8% | 13.6% | (2.0%) | (5.4%) | (60.8%) | - | - | - | - | - |
| EBITDA (USD) | 13,185,533 | 15,884,317 | 1,309,767 | 15,512,831 | 16,085,443 | 22,014,689 | 14,945,927 | 18,732,004 | 18,991,738 | 7,893,485 | 10,936,480 | 15,431,024 | - | - | - |
| Operating Income (USD) | 12,060,948 | 14,999,927 | 5,985 | 14,174,408 | 14,957,955 | 20,990,202 | 14,138,159 | 8,599,135 | 11,714,164 | 5,588,823 | 10,885,194 | 15,186,773 | - | - | - |
| Operating Margin | - | - | - | 6.7% | 6.8% | 6.5% | 3.8% | 2.4% | 3.4% | 4.2% | 6.9% | 6.4% | - | - | - |
| % EBITDA Margin | - | - | - | 7.3% | 7.3% | 6.8% | 4.0% | 5.2% | 5.5% | 5.9% | 6.9% | 6.5% | - | - | - |
| NET Income (USD) | 8,411,629 | 9,963,907 | (1,389,361) | 10,850,280 | 11,633,418 | 17,159,895 | 10,950,448 | 6,671,949 | 12,196,568 | 4,941,021 | 8,577,988 | 12,509,521 | - | - | - |
| % Net Margin | - | - | - | 5.1% | 5.3% | 5.3% | 3.0% | 1.8% | 3.6% | 3.7% | 5.5% | 5.2% | - | - | - |
Eltronic Group - 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, Corporate Carve Out | Completed | Eltronic FuelTech A/S | - | ||||||||
| Sale to Management | Completed | Eltronic Group | - | ||||||||
| Add-on | Completed | TS Tech | - | ||||||||
| Buyout | Completed | Eltronic Group | - |
Displaying 1 - 4 of 4
Eltronic Group - employee data
Eltronic Group - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Bestyrelsesformand | BM | ||||||
| Bestyrelsesformand | BM |
BM Board Member
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