Saltex
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Saltex - overview
Established
1991
Location
-, -, Finland
Primary Industry
Consumer Products
About
Saltex provides specialized turnkey solutions for outdoor sports, focusing on high-quality artificial pitches and ice hockey rinks, enhancing the athletic experience for both participants and spectators. Founded in 1991, Saltex is based in Finland and specializes in creating sports facilities. The company was acquired by Vaaka Partners in December 2015, although specific financial terms of the deal were not disclosed. Abhas Goswami is recognized as the founder of the firm.
Saltex specializes in providing comprehensive turnkey solutions tailored for outdoor sports, focusing on both athlete and spectator experience. The company's core product offerings include a range of high-quality artificial turf pitches, ice hockey rinks, and service agreements that ensure ongoing maintenance and support for these installations. Saltex products cater to various clients, including local authorities, sports clubs, construction companies, and architects, aiming to meet the growing demand for sustainable sports infrastructure in the Nordic region and beyond. In the most recent fiscal year of 2023, Saltex reported a revenue of USD 36.
71 mn and an EBITDA of USD 4. 04 mn. The company generates income through direct sales, service agreements, and partnerships within the sporting industry, focusing on providing quality products and maintenance services for sports facilities. While specific new products and release dates are not detailed, Saltex aims to expand its market presence, particularly in the Nordic region, to cater to the increasing demand for sustainable sports facilities.
The recent acquisition by Vaaka Partners in December 2015 is expected to provide the necessary resources for these growth initiatives.
Current Investors
Vaaka Partners
Primary Industry
Consumer Products
Sub Industries
Recreational Hobbies & Sporting Goods
Website
www.saltex.fi
Verticals
Manufacturing
Company Stage
Buyout
Total Amount Raised
Subscriber access only
Saltex - financials
| Fiscal Year Ended | Dec 31, 2009 | 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) | 11,893,158.2 | 12,023,861.2 | 11,141,899.1 | 11,722,733.5 | 16,199,587.3 | 16,342,665 | 16,492,534 | 23,841,233.1 | 29,946,671.3 | 24,777,929.9 | 28,560,754 | 26,046,334.8 | 28,519,363.5 | - | - | - |
| % Revenue Growth (YoY) | - | 1.1% | (7.3%) | 5.2% | 38.2% | 0.9% | 0.9% | 44.6% | 25.6% | (17.3%) | 15.3% | (8.8%) | 9.5% | - | - | - |
| EBITDA (USD) | 1,982,773.3 | 1,292,259.8 | 1,413,526.6 | 1,485,799.5 | 1,532,845.9 | 1,906,415.5 | 1,985,324.6 | 5,460,718.8 | 4,582,814.6 | 17,575.3 | 2,417,694.7 | 826,593.9 | 3,931,553.5 | - | - | - |
| Operating Income (USD) | 1,814,511.8 | 1,086,109 | 1,184,954.7 | 1,245,078.3 | 1,307,894.7 | 1,679,656.4 | 1,757,270.2 | 5,161,028.2 | 4,248,530.3 | (353,749.5) | 2,032,655.7 | 493,961.2 | 3,554,308.5 | - | - | - |
| Operating Margin | 15.3% | 9.0% | 10.6% | 10.6% | 8.1% | 10.3% | 10.7% | 21.6% | 14.2% | (1.4%) | 7.1% | 1.9% | 12.5% | - | - | - |
| % EBITDA Margin | 16.7% | 10.7% | 12.7% | 12.7% | 9.5% | 11.7% | 12.0% | 22.9% | 15.3% | 0.1% | 8.5% | 3.2% | 13.8% | - | - | - |
| NET Income (USD) | 628,736.3 | 429,335.1 | 469,265.4 | 462,501.5 | 818,542.7 | 531,039.8 | 1,194,761.9 | 1,830,504.5 | (318,164.8) | (27,847.3) | 884,815 | 71,520.7 | 32,317.1 | - | - | - |
| % Net Margin | 5.3% | 3.6% | 4.2% | 3.9% | 5.1% | 3.2% | 7.2% | 7.7% | (1.1%) | (0.1%) | 3.1% | 0.3% | 0.1% | - | - | - |
Saltex - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Saltex | - |
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