M&A Transaction Multiples - Navigon - Epsilon Research Report

Epsilon Research is an independent research and financial analysis bureau, and the reference source of transaction multiples for the valuation of private companies through its EMAT database.

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This report is accessible on EMAT, the reference database for private company acquisition multiples

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EPSILON M&A DEAL REPORT

Transaction Multiples for the Valuation of Private Companies

Garmin / Navigon

No EMAT : 22977

Announced Date : 03/06/2011

Type : Exit,Acquisition of Majority Stake

Deal Value : Yes

Acquirer : Garmin

Target : Navigon

Country : Germany

Sector of activity :

Software > Integrated software
Software > Telecom software > Mobile Software
Internet > Internet Professional Services (B2B) > Geographic Information System

Business Description :

Founded in 1991, Navigon AG (formerly known as CIS GmbH) develops and produces software for navigation and driving assistance solutions . > Products include: MN|Classic, which offers a platform for...

Transaction multiples available

	EV/ Sales	EV/ Gross Profit	EV/ EBITDA	EV/ EBIT	Eq/ PBT	P/E	Price to Book	Specific multiple(s)
Historic		-	n.s.	n.s.	n.s.	n.s.	n.s.	-
Current	-	-	-	-	-	-

Rating :

	Multiple available
n.s.	Multiple calculated, but not significant

Source: Epsilon Research / EMAT

Comparable Transactions

Number of EMAT Reports / sub-sector « Integrated software » = 33
Number of EMAT Reports / sub-sector « Mobile Software » = 35
Number of EMAT Reports / sub-sector « Geographic Information System » = 10

Example of comparable transactions on EMAT (same sub-sector):

20/05/2011

EPF Partners

Rayonnance Technologies

France

23524

29/07/2011

Arbitron

Zokem Oy (newly Arbitron Mobile Ltd)

Finland

24606

Source: Epsilon Research / EMAT