Ricardo - M&A Summary and Business Overview

Business ServicesCompany

Ricardo M&A Summary

Ricardo has acquired 4 companies, including 3 in the last 5 years. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2024, when it sold Ricardo Defense to Gladstone Investment for $85M. Ricardo has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include business services (100%).

Ricardo Business Overview

Where is Ricardo headquartered?

Ricardo is headquartered in Shoreham-by-Sea, United Kingdom.

What is Ricardo’s revenue?

Ricardo disclosed revenue of 445M GBP for 2023 and 380M GBP for 2022.

How many employees does Ricardo have?

Ricardo has 2,978 employees.

What sector is Ricardo in?

Ricardo is a business services company.

When was Ricardo founded?

Ricardo was founded in 1915.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 1

Ricardo

Ricardo Plc

Shoreham Technical Centre,
Shoreham-by-Sea, BN43 5FG
United Kingdom,
+44 12 7345 5611
www.ricardo.com

Ricardo is a strategic engineering and environmental consultancy that specializes in the transport, energy, and scarce resources sectors. Ricardo's work extends across a range of market sectors including passenger cars, commercial vehicles, rail, defense, motorsport, energy, and environment, and are proud to possess a client list that includes transport operators, manufacturers, energy companies, financial institutions, and government agencies. Ricardo was founded in 1915 and is based in Shoreham-by-Sea, England.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.6/yr) # 1 - 1 2 - - 4
Sell (0.2/yr) # - - - - 1 - 1
vol $85M $85M
  5
+3044.24.44.64.853.63.85.25.40

Most Recent M&A

Company Date Value Type
Ricardo Defense, Inc. 2024-12-16 85M USD Divestiture
Troy, Michigan · www.ricardo.com/en/markets/aerospace-and-defence/defense-usa
Aither Pty Ltd. 2023-03-13 - Add-on Acquisition
Melbourne, Australia · www.aither.com.au
E3-Modelling SA 2023-01-25 - Add-on Acquisition
Athens, Greece · www.e3modelling.com
Inside Insights 2022-03-07 - Add-on Acquisition
Adelaide, Australia · www.insideinfrastructure.com.au
Control Point Corp. 2017-08-02 - Add-on Acquisition
Goleta, California · www.control-pt.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 4 (100%) - - -
Defense - - 1 (100%) 85M (100%)
Total 4 - 1 $85M

By Geo

State/Country Buy Value Sell Value
Australia 2 - - -
United States 1 - 1 85M
  California 1 - - -
  Michigan - - 1 85M
Greece 1 - - -
Domestic - - - -
Cross-border 4 (100%) - 1 (100%) 85M (100%)
Total 4 - 1 $85M

Deal Values

sell # Total
< $100M 1 $85M
TOTAL $85M
Largest Ricardo Defense, Inc.
$85M (2024-12-16)

M&A Connections

Deals
Divested to
Investor(s)
100%
1 (100%)

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