Kingspan agrees to buy BMC Manufacturing Group for EUR 850 million plus earnout
Reuters2026/08/11 16:16- Kingspan agreed to buy power management systems maker BMC Manufacturing Group for EUR 850 million on a debt-free, cash-free basis.
- Consideration: EUR 600 million cash funded from existing credit facilities; EUR 250 million in new Kingspan shares; up to EUR 50 million deferred.
- BMC targets 2026 revenue of about EUR 280 million; forecast EBITDA about EUR 90 million, rising to about EUR 180 million in 2027.
- Deal expected to close in Q4 2026, subject to regulatory clearance; BMC management to remain, operating under the Tate brand.
- Kingspan expects net debt/EBITDA of about 1.9x at year-end 2026, easing to 1.1x by end-2027.
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