Industrie De Nora S.p.A.
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Industrie De Nora S.p.A. - overview
Established
1923
Location
Milan, -, Italy
Primary Industry
Chemicals
About
Industrie De Nora S. p. A. is an Italian company specializing in advanced technology solutions for water treatment, energy transition, and electronics manufacturing, providing innovative products like electrolysis systems and plating anodes to a global clientele.
Industrie De Nora S. p. A. , founded in 1923 and headquartered in Milan, Italy, operates within water treatment and energy sectors.
The company underwent a significant transaction in November 2020, when Snam S. p. A. acquired a 33% minority stake for EUR 391.
20 million. René Leyva currently serves as the CEO, leading the firm through strategic advancements. Industrie De Nora S. p.
A. specializes in innovative technological solutions primarily focused on water treatment, energy transition, and electronics manufacturing industries. The company's core products include advanced electrolysis systems like the Dragonfly® decentralized electrolyzer, which utilizes evolved alkaline water electrolysis technology for green hydrogen production. In addition, De Nora produces DENORA DT® plating anodes, the preferred choice for copper-via-filling and mSAP electrodeposition in HDI printed circuit boards and semiconductor substrates.
The SORB systems are designed for effective removal of PFAS from water, optimized through over 25 years of expertise in contaminant management. Serving a diverse customer base across geographical markets, including industrial, municipal, and electronics sectors globally, the company provides tailored solutions that address critical environmental and operational challenges. Industrie De Nora S. p.
A. generated EUR 728,579,801. 60 in revenue for the year 2021, with an EBITDA of EUR 31,183,460. 60 in 2023.
The company focuses on B2B transactions, selling products directly and through partnerships, ensuring clients benefit from long-term service and maintenance agreements. Industrie De Nora S. p. A.
aims to expand its product offerings, including upcoming innovations in water treatment technologies and energy-efficient solutions. The company plans to penetrate new geographic markets, particularly in Europe and North America, by 2025. The recent acquisition by Snam S. p.
A. will support these initiatives, as the company reinvests the EUR 391. 20 million raised in November 2020 to enhance its operational capabilities and develop new technologies.
Primary Industry
Chemicals
Sub Industries
Molecular Chemicals, Paints & Coatings
Website
www.denora.com
Verticals
Manufacturing
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Industrie De Nora S.p.A. - timeline of key events
Industrie De Nora S.p.A. - financials
| Fiscal Year Ended | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 36,771,000 | 52,949,000 | 56,140,000 | 46,455,000 | 44,028,000 | 44,519,000 | 44,110,000 | 53,105,000 | 462,115,000 | 505,364,000 | 499,454,000 | 615,878,000 | - | - | - |
| % Revenue Growth (YoY) | - | 44.0% | 6.0% | (17.3%) | (5.2%) | 1.1% | (0.9%) | 20.4% | 770.2% | 9.4% | (1.2%) | 23.3% | - | - | - |
| EBITDA (USD) | 3,418,000 | 5,184,000 | (194,000) | (2,051,000) | 213,000 | (420,000) | (2,697,000) | (2,812,000) | 70,831,000 | 74,841,000 | 81,998,000 | 113,827,000 | - | - | - |
| Operating Income (USD) | 364,000 | 2,102,000 | (3,371,000) | (5,026,000) | (2,990,000) | (3,629,000) | (6,171,000) | (6,716,000) | 46,998,000 | 47,791,000 | 55,523,000 | 87,593,000 | - | - | - |
| Operating Margin | 1.0% | 4.0% | (6.0%) | (10.8%) | (6.8%) | (8.2%) | (14.0%) | (12.6%) | 10.2% | 9.5% | 11.1% | 14.2% | - | - | - |
| % EBITDA Margin | 9.3% | 9.8% | (0.3%) | (4.4%) | 0.5% | (0.9%) | (6.1%) | (5.3%) | 15.3% | 14.8% | 16.4% | 18.5% | - | - | - |
| NET Income (USD) | 20,176,000 | 9,075,000 | 14,096,000 | 15,058,000 | 16,824,000 | 90,245,000 | 27,487,000 | 12,621,000 | 26,078,000 | 28,953,000 | 32,763,000 | 66,445,000 | - | - | - |
| % Net Margin | 54.9% | 17.1% | 25.1% | 32.4% | 38.2% | 202.7% | 62.3% | 23.8% | 5.6% | 5.7% | 6.6% | 10.8% | - | - | - |
Industrie De Nora S.p.A. - 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 | Industrie De Nora S.p.A. | - | ||||||||
| Add-on | Completed | MIOX Corporation | - | ||||||||
| Buyout | Completed | Industrie De Nora S.p.A. | - |
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Industrie De Nora S.p.A. - employee data
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