Gates Industrial Corporation plc
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Gates Industrial Corporation plc - overview
Established
1911
Location
Denver, CO, US
Primary Industry
Industrial Machinery
About
Gates Industrial Corporation, based in the US, specializes in the development and manufacturing of power transmission and fluid power products that enhance efficiency across various industries. Gates Industrial Corporation is a pioneer in power transmission and fluid power solutions. Founded in 1911, the company is headquartered in Denver, US. María Aramendía is the founder, and Ivo Jurek serves as the CEO.
Gates has raised a total of USD 75. 70 mn through its most recent funding round, a Private Placement/Follow on, completed on March 28, 2022. Gates offers an extensive range of engineered products, including belts, hoses, couplings, and hydraulic systems. Designed for high performance and reliability, these products cater to diverse industries such as automotive, aerospace, agriculture, construction, and manufacturing, effectively addressing needs for energy efficiency and fluid management.
For the year 2024, Gates reported revenue of USD 3. 41 bn and an EBITDA of USD 695. 60 mn. The company generates income through both B2B and direct-to-consumer channels, leveraging its partnerships with distributors and OEMs for a comprehensive product line.
Gates plans to enhance its product offerings by launching new technologies focused on material science advancements. The company aims to expand into markets in Asia Pacific and South America by the end of 2025. The recent funding round will support these initiatives and help in refining operations for continued growth.
Current Investors
Ardian, Blackstone Group
Primary Industry
Industrial Machinery
Sub Industries
Industrial Machinery, Steel & Metals, Rubber & Plastics
Website
www.gates.com
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
Gates Industrial Corporation plc - timeline of key events
Gates Industrial Corporation plc - financials
| Fiscal Year Ended | Dec 31, 2013 | Jul 02, 2014 | Jan 03, 2015 | Dec 30, 2016 | Dec 30, 2017 | Dec 29, 2018 | Dec 28, 2019 | Dec 28, 2020 | Jan 02, 2021 | Jan 01, 2022 | Dec 31, 2022 | Dec 30, 2023 | Dec 28, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,947,300,000 | 1,597,100,000 | 1,445,100,000 | 2,747,000,000 | 3,041,700,000 | 3,347,600,000 | 3,087,100,000 | - | 2,793,000,000 | 3,474,400,000 | 3,554,200,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | 10.1% | (7.8%) | - | - | - | 2.3% | - | - | - |
| EBITDA (USD) | - | 215,600,000 | 32,500,000 | 539,700,000 | 612,600,000 | 715,300,000 | 569,000,000 | - | 429,700,000 | 706,700,000 | 601,200,000 | - | - | - |
| Operating Income (USD) | - | 104,200,000 | (104,600,000) | 298,900,000 | 400,400,000 | 496,800,000 | 346,800,000 | - | 211,100,000 | 484,100,000 | 384,000,000 | - | - | - |
| Operating Margin | - | 6.5% | (7.2%) | 10.9% | 13.2% | 14.8% | 11.2% | - | 7.6% | 13.9% | 10.8% | - | - | - |
| % EBITDA Margin | - | 13.5% | 2.2% | 19.6% | 20.1% | 21.4% | 18.4% | - | 15.4% | 20.3% | 16.9% | - | - | - |
| NET Income (USD) | 114,900,000 | (33,700,000) | (89,200,000) | 84,300,000 | 182,700,000 | 271,100,000 | 694,100,000 | - | 90,000,000 | 331,300,000 | 242,500,000 | - | - | - |
| % Net Margin | 3.9% | (2.1%) | (6.2%) | 3.1% | 6.0% | 8.1% | 22.5% | - | 3.2% | 9.5% | 6.8% | - | - | - |
Gates Industrial Corporation plc - 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 | Announced | The Timken Company's belts business | - | ||||||||
| Private Placement/Follow on | Completed | Gates Industrial Corporation plc | - | ||||||||
| Private Placement/Follow on | Completed | Gates Industrial Corporation plc | - | ||||||||
| Private Placement/Follow on | Completed | Gates Industrial Corporation plc | - | ||||||||
| IPO | Completed | Gates Industrial Corporation plc | - |
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Gates Industrial Corporation plc - employee data
Gates Industrial Corporation plc - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Member - Board of Directors | BM |
BM Board Member
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