Bearaco

Strategic review.

European aftermarket business

Situation.

National operation with approximately EUR 130m revenue, acquired into a European group and running approximately five percentage points below group EBIT margin.

Challenge.

The owner needed to choose between reinvestment, restructuring and exit without a defensible view of standalone potential in a market with three larger local players.

What we did.

Diagnosed market position and profitability, developed a standalone value case for each option and recommended a direction with decision criteria.

The outcome.

The decision was to retain and restructure, with approximately 6% EBIT margin within 24 months set as the condition for continued investment.

Anonymised engagement. Figures are approximate. Targets, assessed potential, approved programmes and realised results are described separately in the outcome. Converted amounts use ECB reference rates dated 18 September 2026, rounded to two significant figures.

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