FLEX-Elektrowerkzeuge GmbH
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FLEX-Elektrowerkzeuge GmbH - overview
Established
1922
Location
Steinheim, -, Germany
Primary Industry
Consumer Products
About
FLEX-Elektrowerkzeuge GmbH develops high-performance power tools, catering specifically to professional craftsmen and tradesmen across various industries, ensuring efficiency and precision in workmanship. Founded in 1922 in Steinheim, Germany, FLEX-Elektrowerkzeuge GmbH specializes in manufacturing power tools aimed at professional users. The company has undergone strategic developments but has not indicated a change in its ownership structure. The current CEO is Christian Neuner, who leads the company in advancing its product offerings.
FLEX has successfully completed three deals, with the most recent deal occurring on September 30, 2013, when Chervon Holdings Ltd. acquired FLEX from Ardian for undisclosed financial terms. FLEX specializes in high-performance power tools designed for professional craftsmen and tradesmen. Their main products include the GE 6 X-EC for precision surface finishing and the VAC 800-EC, which creates a dust-free environment during construction.
The company serves sectors like construction, woodworking, and renovation, distributing products through professional trade dealers worldwide, including markets in Europe, North America, and parts of Asia. FLEX operates a B2B model, primarily selling through trade dealers to ensure access for clients to high-quality tools and services. In 2022, the company reported a revenue of USD 104. 30 mn, with an EBITDA of USD 5.
39 mn, driven by flagship products catering to the professional trades sector. FLEX plans to introduce new products designed to enhance its existing range, focusing on innovations that address the specific needs of its user base. The company is also targeting expansion into new geographic markets, particularly in Asia, with plans to establish a stronger presence there by 2025. The recent acquisition by Chervon Holdings Ltd.
is expected to provide the necessary capital to support these growth initiatives, enhancing product development and market reach.
Primary Industry
Consumer Products
Sub Industries
Industrial Machinery
Website
www.flex-tools.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
FLEX-Elektrowerkzeuge GmbH - timeline of key events
FLEX-Elektrowerkzeuge GmbH - 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 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 70,467,000 | 74,694,000 | 78,904,000 | 81,588,000 | - | - | - |
| % Revenue Growth (YoY) | - | 6.0% | 5.6% | 3.4% | - | - | - |
| EBITDA (USD) | 2,530,000 | 2,987,000 | 1,125,000 | 1,355,000 | - | - | - |
| Operating Income (USD) | 474,000 | 908,000 | (936,000) | (721,000) | - | - | - |
| Operating Margin | 0.7% | 1.2% | (1.2%) | (0.9%) | - | - | - |
| % EBITDA Margin | 3.6% | 4.0% | 1.4% | 1.7% | - | - | - |
| NET Income (USD) | (595,000) | (149,000) | (1,641,000) | (1,812,000) | - | - | - |
| % Net Margin | (0.8%) | (0.2%) | (2.1%) | (2.2%) | - | - | - |
FLEX-Elektrowerkzeuge GmbH - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | FLEX-Elektrowerkzeuge GmbH | - | ||||||||
| Secondary Buyout | Completed | FLEX-Elektrowerkzeuge GmbH | - | ||||||||
| Buyout | Completed | FLEX-Elektrowerkzeuge GmbH | - |
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FLEX-Elektrowerkzeuge GmbH - employee data
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