Kingspan Group

Kingspan has announced the acquisition of BMC Manufacturing, a developer and manufacturer of critical power systems for data centres, for up to €900 million. The initial payment is €850 million (€600 million in cash, €250 million in new shares), plus up to €50 million in performance-based payments. BMC expects €280 million in revenue and €90 million in EBITDA for the current year, which Kingspan says should double by 2027. The deal is scheduled to close in the fourth quarter of 2026; Kingspan’s share price rose more than 6% on the news. » More on de.investing.com

Kingspan is buying the BMC Manufacturing Group for an initial payment of €850 million on a debt- and cash-free basis, plus possible deferred consideration of up to €50 million if certain profit targets are met. The consideration comprises €600 million in cash, financed from existing credit facilities, and the issuance of new shares worth €250 million. BMC, a maker of low-voltage switchgear for data centres, expects 2026 revenue of around €280 million and EBITDA of about €90 million; an EBITDA of roughly €180 million is forecast for 2027 (under 5x EV/EBITDA for 2027). Kingspan plans to integrate the business with Advnsys, management will remain in place, and completion is expected in Q4 2026 subject to regulatory approval. » More on de.investing.com

For H1 2026 Kingspan reported revenue of €4.86bn (+8%), EBITDA of €626m (+9%) and operating profit of €487.2m (+10%). The company raised its full-year operating profit forecast to €1.125bn and expects revenue to be well above €10bn; the margin is projected at about 11% for the year and around 12% in H2. Advnsys, the data‑centre business, grew significantly faster and is seen as an important long‑term growth driver. The stock rose about 12% and reached a new 52‑week high. » More on de.investing.com