Viridien - comment

If Viridien sells its Sensory equipment business, we estimate a valuation of around $170m - $200m (5.5x – 6.5x LTM EBITDA). We would expect some deleveraging, but also investment in the Data Library. Viridien’s sensory business is a market leader, so a strategic buyer could pay a higher multiple. The business is highly cyclical, and with Brent oil prices expected to remain below $55 per barrel (EIA estimates) in 2026, a strategic buyer may be the best bet.

Bloomberg has reported that Viridien may sell its Sensory Equipment business.