October 2026
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 German industrial technology group headquartered in Munich that supplies automation, electrification, rail and healthcare equipment, software and services. It was founded in Berlin on October 1, 1847 by Werner von Siemens and Johann Georg Halske as Telegraphen-Bauanstalt von Siemens & Halske. The group reports through Digital Industries (factory automation and industrial software), Smart Infrastructure (buildings and electrical distribution), Siemens Mobility (rolling stock, signalling and rail systems) and Siemens Financial Services, and holds about 75% of separately listed Siemens Healthineers. It sells mainly to manufacturers, utilities, infrastructure owners, transit operators and hospitals, and in fiscal 2025 generated revenue of €78.9 billion and net income of €10.4 billion with about 327,000 employees. In 2020 it spun off Siemens Energy, keeping a 17.1% stake, and bought Varian Medical Systems for US$16.4 billion; in 2025 it added Altair Engineering for about US$10 billion, its largest acquisition, and Dotmatics for US$5.1 billion. Roland Busch has been chief executive since February 2021, and the shares trade on the Frankfurt Stock Exchange as a DAX member. | $304 | +7% | $232B | $271B | 3.1x | 18.4x | ||
| KION Group is a German industrial technology company supplying material handling equipment and warehouse automation systems. Its Industrial Trucks and Services business develops, manufactures and sells forklift trucks and warehouse equipment under brands including Linde, STILL and Baoli. That business also provides maintenance, fleet management, rental, used equipment and financing-related services. The Supply Chain Solutions business operates primarily through Dematic and designs integrated warehouse and distribution systems. Its projects combine equipment such as conveyors, storage systems and picking technology with software that manages material flow. Customers include manufacturers, logistics operators, grocery retailers and e-commerce businesses. KION generates revenue from equipment sales, automation projects and continuing services throughout the equipment lifecycle. The group serves customers internationally through manufacturing operations, sales organizations and service networks. | $38 | -46% | $5B | $10B | 0.8x | 5.6x | ||
| 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. | $49 | +8% | $695M | $604M | 1.1x | 7.1x | ||
| 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. | $69 | +0% | $449M | $449M | 3.9x | 41.4x | ||
| 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. | $2 | -92% | $47M | $34M | 19.2x | (1.6x) | ||
| 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 | -26% | $30M | $36M | 0.4x | 8.1x | ||
| Median | $44 | -13% | $572M | $526M | 2.1x | 7.6x |
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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