June 2026
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Largest Automation & Robotics Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Siemens, KION Group, Muehlbauer Holding, Stemmer Imaging and Circus.
 | Siemens is a multi-industry company focused on the areas of automation, electrification, mobility, and healthcare. Its top three geographic regions—the United States, Germany, and China—contribute over half of group revenue. Siemens has a 71% investment in separately listed Siemens Healthineers. Recent portfolio activity included the listing of Siemens Energy, spinning out its power and gas and Siemens Gamesa business divisions in 2020. | $319 | +27% | $244B | $281B | 3.1x | 15.3x | ||
| Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets. | $47 | -13% | $6B | $12B | 0.9x | 4.8x | ||
| Muehlbauer Holding AG is a German-based technology solutions provider with operations spread across multiple continents. Its business is segregated into three divisions; Precision Parts, Production Equipment and Government Solutions. The Precision Parts segment is associated with precision engineering and surface engineering. The Productions Equipment segment offers die sorting, smart cards, flexible solar technology and RFID/Smart Label technologies and the Government Solutions segment focuses on Identity document (ID) card solutions, document verification solutions, productions facility solutions, border management solutions and e-government solutions. | $47 | -5% | $672M | $589M | 1.0x | 6.5x | ||
| Stemmer Imaging AG is a provider of image processing technology for use in industry and science in Europe. The company's product consists of image processing systems and intelligent cameras, light-emitting diodes, lenses including telecentric, and macro and system, cameras, tested analog and digital cables, image processing connectors, calculators, and equipment. It provides services, such as the option to hire, feasibility studies, and customized cabling. In addition, the company serves automotive, electronics, semiconductor and solar, medical imaging, pharmaceutical, traffic, and rail and transport markets, as well as sports, entertainment, and broadcast industries. | $71 | +13% | $460M | $445M | 3.7x | 39.2x | ||
| Circus SE is a technology company based in Germany that develops autonomous solutions for the food service industry, using robotics and artificial intelligence. The Circus group's core products consist of three components: CA-1 Food-Robots, which includes the CA-1 Series 4, a patented autonomous kitchen robot system with AI integration, designed for autonomous use in commercial environments, from retail to cafeteria replacement; CA-M Food Robots, an autonomous field kitchen specifically designed for military operations, disaster relief, and remote, high-risk environments; and the Circus Operating System, the group's central, Al-native operating system for managing, monitoring, and maintaining CA-1 and CA-M robots. | $8 | -53% | $182M | $187M | 641.3x | (13.7x) | ||
| Softing AG is engaged in developing software, hardware, and system solutions. The business operates in segments namely, Industrial, Automotive, and IT Networks. The Industrial segment which derives the majority of revenue engages in the provision of industrial communications solutions and products for the manufacturing and process industry. The Automotive segment stands for key technologies in automotive electronics as well as such closely related areas in electronics as the commercial vehicle or agricultural machinery industry. The IT Networks segment is engaged in testing, qualifying, and certifying cabling in IT systems. Geographically, it derives the majority of its revenue from the USA. | $3 | -20% | $35M | $42M | 0.4x | 3.9x | ||
| Median | $47 | -9% | $566M | $517M | 2.0x | 5.6x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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