April 2026
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Largest Industrial Parts Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Siemens, Knorr-Bremse, MTU Aero Engines, Aurubis and Schaeffler.
 | 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. | $296 | +21% | $226B | $260B | 2.8x | 14.0x | ||
| Knorr-Bremse AG is engaged in the development, production, marketing, and servicing of Automotive parts. It operates its business activities in two divisions: Rail Vehicle Systems and Commercial Vehicle Systems. Its product portfolio comprises Braking, entrance, and HVAC systems; power electric and control technology; digital solutions; couplers; signal systems; pneumatic braking systems; energy supply and distribution systems; wiper and wash systems; and others. Majority of revenue is from Rail Vehicle System. Its geographical segments are Europe/Africa, North America, South America, and Asia-Pacific. | $116 | +13% | $19B | $21B | 2.2x | 13.9x | ||
| MTU Aero Engines specializes in the development and production of commercial and military aircraft engine components and spare parts. It also performs maintenance, repair, and overhaul services for aircraft engines. More than 30% of commercial aircraft have MTU technology on board. The company is also a major assembler of aircraft engines. The commercial and military engine segment develops and manufactures engine components for new engine production and spare parts for the aftermarket. The commercial maintenance business reports MTU’s MRO services. | $342 | -16% | $18B | $18B | 2.1x | 10.5x | ||
| Aurubis AG produces copper, using raw materials which include copper concentrates and recycling materials. The company also produces precious metals such as gold and silver and a range of other products, including sulfuric acid and iron silicate, as byproducts of copper production. Revenue is predominantly generated through the sale of continuous cast wire rods, copper cathodes, precious metals, and continuous cast shapes, used in the manufacture of cables and wires, which are used in electrical applications. It has two segments, Multimetal Recycling and Custom Smelting & Products, which is the key revenue-generating segment. The company is based in Germany and has production sites across Europe and the United States. | $215 | +141% | $9B | $10B | 0.5x | 8.3x | ||
| Schaeffler AG is an automotive and industrial supplier. The company's business is managed based on three divisions: Automotive Technologies, Automotive Aftermarket, and Industrial. The Automotive Technologies division organizes its business in the Engine Systems, Transmission Systems, E-Mobility, and Chassis Systems business divisions. The industrial division distributes components and systems for rotary and linear movements as well as services for a wide range of industrial sectors. The Automotive Aftermarket division is responsible for business with spare vehicle parts. Its Automotive Technologies generates revenue. Its geographical segments are Europe, the Americas, Greater China, and Asia-Pacific. | $10 | +95% | $9B | $15B | 0.7x | 8.8x | ||
| Rational specializes in manufacturing automated multifunctional ovens for professional kitchens that replace conventional cooking appliances such as a stove, grill, and oven. Rational has produced over 1 million combi-steamers since its first combi-steamer in 1976, which are used to prepare 160 million food dishes daily. Approximately 72% of group revenue is generated from the sale of cooking appliances, mostly the iCombi Pro that was launched in May 2020 and its predecessor product. Rational has a presence in over 120 countries. The majority of revenue is earned in Europe, followed by North America and Asia. | $731 | -12% | $8B | $8B | 5.6x | 18.4x | ||
| thyssenkrupp AG is a diversified industrial group with steel operations and capital goods and services businesses. Its segment includes Materials Services, Decarbon Technologies, Automotive Technology, Steel Europe, and Marine Systems. Automotive Technology is one of the German suppliers and engineering partners to the international automotive industry. Decarbon Technologies covers the businesses of Rothe Erde, Uhde, Polysius, and the majority investment in thyssenkrupp Nucera. Material Services includes the distribution of mill-independent materials, distributors, and services. Steel Europe concentrates on the market for high-quality flat carbon steel. Marine Systems is a supplier for submarine and surface vessel construction. it generates the majority of Revenue from Materials Services. | $12 | +19% | $7B | $4B | 0.1x | 1.2x | ||
| Bilfinger SE is an international industrial services provider. It delivers customized engineering services to customers in the chemical, pharmaceutical, energy, oil, and gas markets. Its product portfolio attempts to cover the entire value chain, from consulting and planning to installation and maintenance. Bilfinger has three operating segments: Engineering & Maintenance Europe, Engineering & Maintenance International, and Technologies. A majority of the sales are derived from Europe, with Germany being an important region for the company. | $115 | +28% | $4B | $4B | 0.6x | 7.7x | ||
| Salzgitter AG is a German-based steel & technology company. The segments of the company are Steel Production, Steel Processing, Trading, & Technology business. The majority is derived from the Steel Production segment which manufactures high-quality branded steel & special steel. The Steel Processing Business Unit produces a broad spectrum of high-grade plate products. The Trading Business Unit operates a tightly-knit European sales network & trading companies & agencies that ensure that Salzgitter Group’s products & services are marketed efficiently. The Technology Business Unit operates in the filling & packing technology segment, as well as in special machinery engineering for shoe manufacturing & elastomer production. Geographically, the majority is derived from domestic markets. | $56 | +132% | $3B | $4B | 0.3x | 7.0x | ||
| Kloeckner & Co SE is a German-based steel and metal distributor, as well as an operator of steel service centers. It acts as a connecting link between steel producers and consumers. It provides customers with an optimized, end-to-end solution from procurement through logistics to prefabrication, including individual delivery and 24-hour service. It caters to industries like construction, consumer goods, metal transforming, transportation, machinery manufacturing, mechanical engineering, and others. The company has three operating segments: Kloeckner Metals Americas, Kloeckner Metals EU, and Kloeckner Metals Non-EU. | $15 | +103% | $1B | $2B | 0.3x | 11.5x | ||
| JOST Werke SE is a producer and supplier of safety-critical systems to the truck and trailer industry. The company's business segments are Asia, the Pacific and Africa, Europe, and North America. Its products are used in two business lines; Transport includes products and systems for trucks and trailers that provide the interface connecting the truck to the trailer, and it even sells wheel couplings, landing gears, king pins, and ball bearing turntables, and Agriculture includes products like agricultural front loaders for tractors, various implements for front loaders, and subframes, and it even sells towing hitches, drawbars, towing eyes and ladders under the brand name Rockinger. The company generates majority of its sales revenue from the Europe. | $61 | +3% | $996M | $1B | 0.8x | 7.1x | ||
| Centrotec SE is a holding company. Along with its subsidiaries, it operates in the following segments: Industries, Real Estate, and Finance. The majority of the group's revenue is generated from the Industries segment, which develops, produces, and markets flue gas systems for condensing boiler heating systems and air duct systems for residential ventilation with heat recovery. Roofing products and systems for generating renewable energy complement this segment's portfolio. The Real Estate segment holds and develops real estate for the group's own portfolio or for third parties, and the Finance segment manages investments, venture capital investments, and the investment of its financial resources. | -- | -- | $811M | $957M | 2.5x | 18.5x | ||
| NORMA Group SE manufactures a wide range of joining technology solutions. Its products are Quick Connectors, Hose Clamps, Retaining Clamps, and PIPE Couplings. The components and finished solutions are used in various industries and can be found in vehicles, household appliances, engines, plumbing systems, and medical fields. Its products include Carbon Steel, Stainless Steel, and Plastic/Rubber. It supplies single-component, multi-component, and complex systems to meet customer requirements. Its operating business is managed by the three regional segments EMEA, Americas, and Asia-Pacific. | $17 | +20% | $549M | $904M | 0.9x | 14.7x | ||
| Stabilus SE along with its subsidiaries, manufactures and supplies gas springs, dampers, and vibration isolation products to automotive and industrial customers. It is also involved in the production and distribution of automatic, electromechanical opening and closing systems (motion control solutions) that are mainly used for installation in tailgates. The company's products are used in automotive, navy and railways, commercial vehicles, aerospace, marine and rail, energy and construction, mechanical engineering, industrial machinery and automation, health, recreation, leisure, and furniture industries. Its operating segments are EMEA (Europe, Middle East and Africa), also its key revenue-generating segment, the Americas (North and South America), and APAC (Asia-Pacific). | $20 | -32% | $499M | $1B | 0.8x | 5.7x | ||
| LPKF Laser & Electronics SE designs and produces laser systems. Its products are PCB (printed circuit board) prototyping, IC packaging, Stencil laser equipment, PCB processing technology and depaneling technology, laser direct structuring, solar equipment, laser welding equipment, motion control technology, and others. The firm operates through the following segments: Development, Electronics, Welding, and Solar. Its products are used in the electronics industry, automotive parts, solar industry, semiconductor industry, medical technology, research institutions, and universities. | $19 | +108% | $475M | $470M | 3.5x | 622.2x | ||
| Simona AG is Germany based company that is engaged in developing, manufacturing and marketing semi-finished thermoplastics, pipes, and fittings as well as finished parts and profiles. The company's products include sheets, twin wall sheets, rods, profiles, welding rods, pipes, fittings, flanges, valves, solid rods, hollow rods, U-profiles and square pipes and finished parts and profiles. The company organizes its business into geographic segments namely EMEA, the Americas, and Asia-Pacific. All three segments generate their revenues through the sale of Semi-finished and finished parts and Pipes and fittings. | $70 | -5% | $422M | $434M | 0.6x | 5.8x | ||
| ElringKlinger AG is a supplier of original equipment parts for vehicles and engines. The company produces cylinder heads and specialty gaskets, plastic housing modules, shielding components for engines, transmissions, exhaust systems, exhaust gas purification technology as well as battery and fuel cell components. Erling Klinger also offers its product to customers in the aftermarkets. The segment of the company revenue is the original equipment division, while the majority of sales are generated outside its domestic German market. | $6 | +24% | $409M | $412M | 0.2x | 2.2x | ||
| Schmid Group NV is a global supplier of equipment, software and services for various industries such as printed circuit board (PCB), substrate manufacturing, photovoltaics, and glass and energy storage with a focus on the highest end of this market in terms of technology and performance. It focuses on a modular product portfolio of machinery to use in the manufacturing of high-end PCB equipment and semiconductor packaging devices which includes common flexible circuit fabrication techniques such as subtractive, semi-additive processes (SAP) and modified semi-additive processes (mSAP). | $6 | +131% | $368M | $466M | 6.5x | (5.5x) | ||
| Eisen- und Huettenwerke AG is a Germany-based company. It focuses on the acquisition, management and sale of investments in third companies that produce and process iron, steel and other metals and materials. | $16 | -26% | $279M | $279M | 1650.0x | 2.5x | ||
| Bertrandt AG is an international engineering services provider mainly serving the automotive industry, as well as the aerospace, defence, rail, and industrial sectors. The company provides development services, including design, simulation, software and electronics development, testing, validation, and production-related services. Its activities are organized mainly into the Digital Engineering segment, which bundles vehicle and system development services, and the Physical Engineering segment, which focuses on testing, validation, and technical services. The majority of its revenue is generated from the Digital Engineering segment. The company operates in Germany and Europe, with additional operations in North America, Africa, and Asia. | $13 | -45% | $129M | $366M | 0.3x | 10.6x | ||
| Novem Group SA operates as a developer, supplier, and system supplier for trim parts and decorative functional elements in vehicle interiors. The products of the company are central consoles, dashboards, beltlines, and others. The company operates in three reportable geographical segments namely Europe, Americas, and Asia. The business activities of these segments include the production, processing, and sale of high-quality trims and decorative functional elements in vehicle interiors. The three reportable operating segments of the Group are Europe, Americas, and Asia. | $3 | -40% | $128M | $242M | 0.4x | 2.6x | ||
| EDAG Engineering Group AG is an independent engineering partner in the international automotive industry. It is engaged in developing vehicles, derivatives, modules, and production facilities. It has divided its business into three segments namely Vehicle Engineering, Production Solutions, and Electrics/Electronics. It earns the majority of its revenue from Vehicle Engineering, followed by Electrics/Electronics and Production Solutions. Geographic is present in Germany, the Rest of Europe, North America, South America, and Asia, and the majority of its revenue comes from the German market. | $4 | -36% | $108M | $362M | 0.4x | 203.4x | ||
| R Stahl AG provides explosion protection products and system solutions. The company's products are Luminaires, Junction and terminal boxes, Control boxes, Control systems, and distribution boards, Operating and monitoring systems, Automation interfaces and solutions, Cable glands, components and enclosures, Cameras and CCTV equipment, Signalling devices, Plugs, and sockets. Its system solutions include Automation, Container systems, Power distribution, Lighting, and Machine control. The products are used in the oil and gas industries, chemical industries, marine and shipbuilding, Pharma industry, machine building, foods and beverages industry, and other industries. | $16 | -28% | $100M | $170M | 0.4x | 4.3x | ||
| PWO AG is a supplier to the automotive industry. It develops and manufactures advanced metal components and systems in lightweight construction for automobile safety and comfort. The company produces mechanical components for electrical and electronic applications, including electric motor housings, components for electric drives, housings for electronic control units, and various other circular components. Geographically, it derives a majority of its revenue from Germany and also has a presence in the Rest of Europe; North America, and Othe countries. | $31 | -11% | $98M | $200M | 0.3x | 3.1x | ||
| Planoptik AG is a German based manufacturer of structured wafers. Its products are Glass wafers, Carriers and tools, Packaging wafers and Interposer. Its products used in consumer electronics, automotive, aerospace, chemistry and pharmaceuticals industry. | $9 | +150% | $42M | $40M | 2.9x | 18.4x | ||
| MS Industrie AG is a business consulting and investment holding company. Its segments include Powertrain technology, Ultrasonic technology, Services, and others. The company focuses its investment in automotive and motor engineering (Diesel and electrical engines), and welding engineering sectors (mechanical engineering and packaging systems). | $1 | -23% | $41M | $62M | 0.3x | 7.6x | ||
| Hans-Werner Aufrecht AG develops, constructs and produces high-performance technological products and motor racing and vehicles/vehicle components. | $4 | +13% | $38M | $66M | 0.8x | (5.3x) | ||
| STS Group AG is engaged in the manufacturing of auto parts. The company's reportable segments are the Plastics segment, which includes manufacturing hard trim applications for STS Group customers. Materials segment which involves the production of semi-finished goods, namely sheet molding compound mats, bulk molding compound, and molding compound, and the China segment which is involved in the production of plastic parts, mainly for commercial vehicles, on the regional market in China. It generates a majority of its revenue from the plastics segment. | $3 | -- | $22M | $40M | 0.1x | 1.5x | ||
| Schulte-Schlagbaum AG specializes in offering locking and access control systems. It focuses on areas involving access control, entry, and guest management: for specialist retailers and the door and furniture industries, for system integrators of modern commercial buildings, for the catering and hotel sectors, and for businesses in the sports and leisure industry. The group offers lock and strike plate systems, electronic cabinet locks, Safe-O-Tronic access door locking systems, Safe-O-Tronic access furniture locking systems, Safe-O-Mat deposit and coin collecting locks, and software solutions for access management, among other related solutions. | -- | -- | $16M | $7M | 0.1x | 15.7x | ||
| HGears AG is a manufacturer of high-precision gears and components. The company divides its business into three areas: the e-mobility focuses on products for e-bike drive systems and drive train units for electric and hybrid vehicles; the e-Tools focus on components utilized in the powering mechanism of battery-driven (e-drive), the Conventional automotive and industrial applications focus on gear units for various applications, such as rolling shutters and systems for heating, ventilation and air conditioning, motorbikes and non-combustion part precision components for premium and luxury vehicles. The company consists of one operating segment, the production of high-precision gears and components. | $1 | -41% | $12M | $34M | 0.3x | 18.4x | ||
| InTiCa Systems SE focuses on the development, manufacturing, and marketing of inductive components, passive analog switching technology, and mechatronic assemblies. The company operates through two segments: Mobility and Industrial and Infrastructure segment. The company generates maximum revenue from the Mobility segment. The Automobile Technology segment develops, designs, and produces systems and solutions for sensor technology, electronic controls, and network topologies. The company derives the majority of its revenue from the German region. | $2 | -11% | $10M | $38M | 0.5x | 5.4x | ||
| Paragon GmbH & Co KGaA develops and manufactures electronic components and sensors for the automotive industry. The business activity of the firm is operated in two segments namely Electronics and Mechanics. The Electronics segment that derives the majority of revenue sells air-quality sensors, high-end acoustic systems, and display instruments. The Mechanics segment focuses on adjustable body components such as adaptively extendable spoilers. Geographically all the activity of the firm functions through Germany, however, it also holds a presence at the international level. | $2 | -18% | $9M | $79M | 0.5x | 3.8x | ||
| Median | $15 | +3% | $416M | $450M | 0.6x | 7.7x |
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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