M&A M&A
Adani Ports to acquire Dutch liquid storage operator Evos for 2.56 B euros
Source Evos (opens in a new tab)Business Line (opens in a new tab)BSE Announcement (opens in a new tab)
Ahmedabad-based Adani Ports and Special Economic Zone is to acquire a 100% stake in Netherlands-based Evos from Igneo Infrastructure Partners in an all-cash deal at an enterprise value of Euro 2.56 Billion. The acquisition implies an equity value of Euro 1.18 Billion and a valuation multiple of 11.7x CY25 EV/EBITDA. The company plans to fund the transaction through debt.Founded in 2019, Evos is an independent liquid storage operator. During the 2025 calendar year, the firm generated revenue of EUR 392 million and an EBITDA of EUR 219 million, representing an EBITDA margin of 56%.The acquisition is intended to strengthen the presence of Adani Ports and Special Economic Zone across global liquid storage and energy hubs.