How We Built IDUN Industrier: 20 Acquisitions and 60x+ P/E Ratio

In this episode, we break down IDUN Industrier, a Swedish serial acquirer that has completed 20 acquisitions to date and now trades at roughly a 65x P/E multiple — an extraordinary valuation for an industrial holding company.What makes IDUN so interesting is that it is not simply buying businesses for scale. It is building a portfolio of niche leaders: small, often overlooked companies with high market share, strong customer dependence, and positions that are difficult to replicate.We explore how IDUN creates value through disciplined acquisitions, decentralized operations, co-ownership, and long-term capital allocation — and why investors may be willing to pay such a premium for that model.Timestamps:0:00 Why IDUN Industrier deserves attention1:19 The power of dominating tiny niche markets3:13 Why the market gives IDUN a premium valuation4:32 Buy relevance, not scale5:54 Meet the niche leaders inside IDUN’s portfolio7:44 How IDUN actually creates value9:42 Why portfolio design matters10:40 M&A discipline over deal volume12:20 Why IDUN resembles the best serial acquirers13:44 Lessons for investors, buyers, and operators15:32 The biggest risks in the model17:45 Final takeaway: a blueprint for durable compoundingSponsor:https://capitalpad.com/ - A deal-by-deal private equity investing platformThis podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.#IDUNIndustrier #SerialAcquirer #HoldCo #PrivateEquity #CapitalAllocation #EntrepreneurshipThroughAcquisition #LongTermInvesting #BusinessAcquisition #MandA #Compounders