May 2026
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Largest Machinery Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Siemens, Siemens Energy, Nordex, Schaeffler and GEA Group.
 | 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. | $313 | +28% | $239B | $276B | 3.0x | 15.0x | ||
| Siemens Energy manufactures a wide range of equipment used to generate and transmit energy. The group is a product of the spinout from Siemens AG in 2020, consisting of the power and gas segment and Siemens Gamesa, although its operations go back over 150 years. Approximately one-sixth of global electricity generation is based on its technology. | $204 | +107% | $174B | $163B | 3.6x | 33.3x | ||
| Nordex SE is a German company that develops, manufactures, services, and markets wind power systems. The company manages its activities via Projects and Service segments. The projects segment includes all activities associated with the development, production, assembly and commissioning of wind turbines and project development business. The services segment encompasses services and projects for existing turbines after their handover to customers. In particular, this includes technical services such as maintenance and remote monitoring of wind farms as well as repair and technical enhancements for existing turbines. The majority of the sales are done through the projects segment. | $50 | +143% | $12B | $10B | 1.1x | 13.4x | ||
| 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. | $11 | +127% | $10B | $17B | 0.8x | 9.7x | ||
| GEA Group is one of the world’s largest suppliers of processing systems and equipment for the food, beverage, and pharmaceutical industries. Across its five divisions, GEA designs and manufactures process engineering equipment and offers turnkey solutions for customers’ processing lines or products. GEA also offers a comprehensive aftermarket offering spanning maintenance services and spare parts, and components. | $63 | -7% | $10B | $10B | 1.5x | 9.4x | ||
| 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. | $759 | -9% | $9B | $8B | 5.9x | 19.3x | ||
| 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. | $51 | +9% | $7B | $12B | 0.9x | 5.0x | ||
| Tkms Ag & Co KGaA is an international maritime industrial group. The company is a system provider in submarine and surface vessel construction, in the field of maritime electronics and security technology and in solutions in the non-military sector. Its portfolio includes the development and manufacture of conventional submarines, specialized submarines such as frigates and corvettes and specialized civilian vessels. The business activities of TKMS comprise the three operating units (i) Submarines, (ii) Surface Vessels and (iii) Atlas Electronics. The majority of the company's revenue is derived from the Submarines segment, which comprises the construction (including design, procurement, and manufacturing) of non-nuclear submarines for use in coastal and offshore areas. | $91 | -- | $6B | $4B | 1.8x | 16.9x | ||
| RENK Group AG provides vehicle mobility solutions. Its propulsion and drivetrain technology ensures the reliable deployment of forces to set vehicles, vessels, and machinery in motion. The company's business is divided into the following segments; Vehicle Mobility Solutions, Marine and Industry, and Slide Bearings. The Vehicle Mobility Solutions segment which generates maximum revenue, provides technology for the deployment of forces to set vehicles, vessels, and machinery in motion, and also offers products like engines, suspensions, electric drives, and power packs for military vehicles and test systems. Geographically, the company generates maximum revenue from Germany and the rest from America, Asia, Africa, other European countries, Other EU countries, and Australia and Oceania. | $57 | -37% | $6B | $6B | 3.9x | 20.4x | ||
| Krones AG offers machinery and systems for filling, packaging, and producing beverages. The product portfolio of the company is information technology and planning associated with logistics and production lines. In addition to packaging, the company has cellar systems to treat and store sensitive beverages. The company's reportable segments are: Filling and Packaging Technology, Process Technology, and Intralogistics. The majority of the company's revenue is generated from its Fillings and Packaging segment which offers machines and lines for filling, labelling, packaging and conveying products. Geographically, the company generates a majority of its revenue from Germany and the rest from China, Middle East and Africa, America and other regions. | $137 | -14% | $4B | $4B | 0.6x | 5.7x | ||
| DMG Mori AG is a manufacturer of turning centers, machining centers, mill-turn centers, grinding and drilling machines, and process automation. The company operates three business segments: machine tools, industrial services, and corporate services. The machine tools segment includes turning and milling companies that produce lathes and milling machines, technologies, and software solutions. Industrial solutions include the entire machine life cycle services. The end markets are Germany, the rest of Europe, and Asia. The company earns maximum sales revenue from the machine tools segment. | $55 | +4% | $4B | $4B | 1.6x | 10.5x | ||
| Jungheinrich AG provides material-handling equipment, automation, and matching services. The company is engaged in the development, production, and sale of new material handling equipment and the planning and realization of automation projects, the short-term rental of new and used material handling equipment, the refurbishment and sale of used forklifts as well as after-sales services. The company also supplies stacker cranes and load-handling equipment and creates fully automated intralogistics workflows with a range of automated warehouse systems, mobile robots, and software. The company's reportable segments are Intralogistics, which generates key revenue, and Financial Services. | $29 | -30% | $3B | $3B | 0.5x | 2.8x | ||
| Pfeiffer Vacuum Technology AG is a Germany-based company that develops, manufactures, and markets parts and systems for vacuum generation, measurement, and analysis, and for leak detection. The company has an extensive line of solutions, products, and services, including turbo pumps, backing pumps, custom pumps, measurement and analysis equipment, and others. The company's customers primarily come from applications including semiconductors, coating, industrial purposes, and others. The company markets its products through its proprietary sales network and independent marketing agents. Pfeiffer Vacuum Technology has a global presence, with Europe, the United States, and Asia being the three biggest markets for the company. | $194 | +6% | $2B | $2B | 1.8x | 11.5x | ||
| Duerr AG is engaged in mechanical and plant engineering. The company has five reportable segments; Paint and Final Assembly Systems division plans, builds, and updates paint shops and final assembly lines for the automotive industry; Application Technology includes sales with technologies for the automated spray application of primers, base coats, and clear coats; Woodworking Machinery and Systems, which derives maximum revenue, provides products like panel dividing and through-feed saws, CNC processing centers, drilling machines, sanders, edge banding machines, as well as handling and storage systems; Industrial Automation System provides Production Automation Systems and Measuring and Process Systems for different business areas; and Corporate center. | $25 | -5% | $2B | $2B | 0.3x | 4.0x | ||
| Deutz AG is engaged in the development, production, and sales of drive solutions for off-road applications. The current portfolio of the company ranges from diesel and gas to hybrid and electric to hydrogen-based drives. DEUTZ engines serve construction and agricultural machinery, material handling applications such as forklifts or lifting platforms, commercial and rail vehicles as well as boat applications for private and commercial use. The operating activities of the company are Classic and Green. It generates maximum revenue from the Classic segment. Geographically, it derives a majority of its revenue from the EMEA. | $11 | +33% | $2B | $2B | 1.0x | 12.5x | ||
| KSB SE & Co KGaA is a German-based company. It is a provider of pumps, valves, and related services. Its operations are carried out in three segments namely Pumps, Valves, and KSB SupremeServ Segment comprises the spare parts business for pumps and valves. A majority part of its sales and revenue is comes from the Pumps segment. The Pumps segment includes single and multistage pumps, submersible pumps, and associated control and drives systems. The company's pumps are used in various applications where fluids need to be transported as well as in other applications which belong to industry, building services, water engineering, wastewater engineering, energy supply, and mining. | $975 | +4% | $2B | $1B | 0.4x | 3.3x | ||
| Wacker Neuson SE manufactures light and heavy equipment for construction, landscaping, gardening, agriculture, recycling, municipal, and rail industries. Excavators, dumpers, loaders, concrete technology, generators, and saws make up just a portion of the company's product portfolio. Besides, the company offers attachments and accessories for products to help deliver optimal solutions. Wacker Neuson has three business segments: Compact Equipment which derives key revenue, Light Equipment, and Services. The company offers a range of services, spare parts, and rental equipment through sales and service stations strategically placed around the world. Europe generates the majority of total revenue, but the company also sells to its customers in the Americas and Asia-Pacific. | $21 | -18% | $1B | $2B | 0.6x | 6.2x | ||
| thyssenkrupp nucera AG & Co is a high-tech company providing electrolysis solutions that support industrial decarbonization and sustainable production. It offers green hydrogen solutions through large-scale water electrolysis, as well as chlor-alkali and hydrochloric acid solutions for the chemical industry and technologies for emerging industrial ecosystems. The business operates through two main segments: Green Hydrogen, which delivers technologies for producing chlorine, caustic soda, and renewable hydrogen at an industrial scale. Both segments are supported by services including engineering, commissioning, maintenance, modernization, spare parts supply, and digital solutions to ensure reliable plant operation throughout the lifecycle. | $10 | -6% | $1B | $511M | 0.5x | 13.6x | ||
| 2G Energy AG is a manufacturer and provider of decentralized energy supply systems. The group through development, production, and technical installation, as well as digital grid integration, combined heat and power systems (CHP), offers comprehensive solutions for combined heat and power generation. The product range of the company includes CHP modules for operation deploying natural gas, biogas, other lean gases, and hydrogen. The company's products have applications in sectors like Chemical and pharmaceutical industries, Horticultural, shopping centers, landfills, hotels, heating networks, swimming pools, and others. The group has business operations in Germany and internationally, of which the majority of the revenue is derived from the operations in Germany. | $64 | +80% | $1B | $1B | 2.6x | 23.5x | ||
| PVA TePla AG is a Germany-based company that provides vacuum solutions for high-temperature and plasma treatment processes, as well as plant engineering solutions. The company operates through two segments: Industrial Systems and Semiconductor Systems. The Industrials Systems segment specializes in the development, construction, and marketing of vacuum heat treatment furnaces for processing materials at high temperatures. The Semiconductor Systems segment generates large revenue and provides systems for the semiconductor and solar industry, ranging from systems for the production of silicon crystals for the semiconductor, solar, and optoelectronic industry to systems for plasma treatment in the semiconductor assembly. Its revenue is derived from the Asian market. | $50 | +153% | $1B | $1B | 3.7x | 36.0x | ||
| Maschinenfabrik Berthold Hermle AG is a Germany-based company that produces universal milling machines and machining centers, offering its customers complete automation solutions under one roof. The company's customers include domestic and international companies in various high-tech sectors, encompassing mechanical and plant engineering with applications for packing technology, mining or the special vehicles segment, the aerospace industry, medical technology, the electronics and chip industry, the optical industry, energy technology, toolmaking and mould construction as well as the automotive industry, including their subcontractors. The group's operating segments include Domestic companies, which derive maximum revenue, and Foreign sales companies. | $194 | -7% | $972M | $860M | 1.5x | 8.5x | ||
| 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. | $29 | +209% | $707M | $702M | 5.2x | 936.0x | ||
| WashTec AG is a German holding company, which through its subsidiary provides industrial products. The core activity is that of developing car wash products and equipment and is performed by WashTec Cleaning Technology GmbH, which is one of its subsidiaries. The key products of WashTec are manufactured which include portal washing systems, water recovery, washing lines, and consumables such as washing chemicals, wash brushes, moreover spare parts. | $46 | +0% | $619M | $679M | 1.2x | 8.9x | ||
| 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). | $21 | -30% | $511M | $1B | 0.9x | 5.8x | ||
| Heidelberger Druckmaschinen AG is a company that develops and manufactures offset printing presses, parts, printing software, and accessories for its customers in packaging and label printing and advertising printing (commercial printing) areas. It organizes its business into three segments namely Print Solutions, Packaging Solutions, and Technology Solutions. The company generates maximum revenue from the Packaging Solutions segment. Geographically, the company generates revenue from EMEA, Asia Pacific, and the Americas regions. | $2 | -6% | $479M | $521M | 0.2x | 3.2x | ||
| SFC Energy AG is a provider of hydrogen and direct methanol fuel cells for stationary, portable, and mobile hybrid power solutions. The company's reportable segments are Clean Energy and Clean Power Management. The Clean Energy segment, which generates maximum revenue, comprises the development, production, including complete system assembly, marketing and supply of mobile and off-grid energy solutions based on fuel cells (PEMFC and DMFC). The Clean Power Management segment focuses on the development, production, and marketing of standardised and semi-standardised power management solutions such as voltage converters. It also includes business in frequency converters for the upstream oil and gas, and other industries. Geographically, it derives maximum revenue from North America. | $27 | +9% | $476M | $447M | 2.7x | 18.1x | ||
| Homag Group AG is a German-based company that manufactures machines and equipment for the woodworking industry. The company operates its business in four segments namely Industry segment, Cabinet shops, Sales & Service segment, and others. Maximum revenue comes from an industry segment which includes solutions for industrial companies based on plants, machines, information, control technology, and woodworking processes. The company carries its operations in the European region including Central, Western and Eastern Europe, American region including North and South America, Asia Pacific and Central Europe. The majority of the company's revenue comes from Central Europe. | $29 | -11% | $457M | $457M | 78.5x | 12.5x | ||
| 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). | $7 | +171% | $432M | $502M | 6.4x | (6.9x) | ||
| Gabler Group AG Inh ON develops and manufactures subsea solutions in the areas of submarine systems, subsea communications and data, and subsea power. The majority of the company's revenue is derived from the sale of its submarine systems. Geographically, it generates the maximum revenue from Germany, followed by the European Union, Asia, America and Other regions. | $51 | -- | $310M | $304M | 4.2x | 14.9x | ||
| technotrans SE is a technology and services group with worldwide operations. The company operates through two segments: Technology and Services. The Technology segment develops and markets system solutions and machinery in the area of cooling and temperature control, which comprise the Temperature Control business unit; filtering and separating, which comprise the Fluid Conditioning business unit, and spraying and pumping of liquids, which comprise the Ink & Fluid Technology business unit. The Services segment provides related services, such as worldwide installation, repair and maintenance, supply of spare parts and consulting, as well as software and documentation. It generates the majority of its revenue from the Technology segment. | $35 | +60% | $242M | $238M | 0.8x | 8.4x | ||
| Aumann AG is a manufacturer of machinery and production lines for components of electrified drive trains and an equipment supplier. It operates through two segments E-Mobility and Classic. E-mobility segment which derives the majority of its revenue develops, produces, and sells special-purpose machinery and automated production lines for the electrification of vehicles, Classic segment develops, produces, and sells special-purpose machinery and automated production lines for the automotive, consumer goods, agricultural, and general industry sectors. It also offers winding machinery, welding systems, assembly solutions, inline measuring machines, general automation solutions and supplementary services, and others. | $16 | +8% | $203M | $35M | 0.1x | 1.0x | ||
| MAX Automation SE operates internationally as a high-tech mechanical engineering company and a full-service provider of integrated and complex system and component solutions. The business operations are divided into the segments BDTRONIC Group, Vecoplan Group, AIM Micro, NSM + Jucker, and ELWEMA. It derives the majority of the revenue from the Vecoplan Group segment that develops, manufactures and installs machines and plants for the shredding, conveying and processing of primary and secondary raw materials, mainly for customers in the wood and recycling industry, the waste disposal industry and the paper and plastics industry. | $5 | -26% | $186M | $232M | 0.5x | 6.5x | ||
| Koenig & Bauer AG is engaged in the manufacturing and distribution of sheetfed offset, digital, web offset, and special printing presses. It operates sheetfed offset for packaging, commercial, book, as well as workflow solutions. It also provides digital and offset web presses for newspaper, commercial, and industrial printing. In addition, the company provides special presses for banknote and security printing, systems for industrial coding technology, and special machines for printing packaging made of metal, film, and other plastic, as well as glass. The firm has three business segments, namely Sheetfed, Digital & Webfed, and Special, while generating the majority of its revenue from the Sheetfed segment. Geographically, it derives maximum revenue from North America. | $11 | -29% | $177M | $376M | 0.2x | 4.1x | ||
| Gesco SE is an industrial group in Germany. The company acquires industrial small and medium-sized enterprises that supply products and services from tool steel to stainless steel containers, from paper sticks to support arms, among others to end customer markets. It functions through three segments; Process Technology segment comprises subsidiaries that support series manufacturers in their production processes with their products and services; Resource Technology, companies provide customized processing of primary materials. It also produces systems for loading raw materials and energy sources. and Healthcare and Infrastructure Technology segment companies supply components, assemblies, or preliminary products to the medical, hygiene, food and sanatory sectors. | $16 | -21% | $170M | $140M | 0.2x | 3.3x | ||
| LEWAG Holding AG through its subsidiaries is engaged in producing machines and system equipment for cutting and order of flat glass, warehousing and logistics systems and vehicle bodies for the flat glass manufacturing. | $34 | -6% | $163M | $187M | 1.4x | 22.8x | ||
| KHD Humboldt Wedag International AG provides cement plant technology, equipment, and services operating globally. It offers various products and services, principally related to the grinding and processing areas of cement plants, such as pyroprocessing technology, flash calciners, roller presses, separators, burner management systems, etc. In addition, it also provides process engineering and project management services. The group operates in two business segments, Capex and Plant Services. Maximum revenue is generated from the Capex segment, which reports all revenues resulting from the supervision of the erection and commissioning of cement plants, supplying equipment for cement plants, and the provision of related services. Geographically, it generates maximum revenue from India. | $2 | +3% | $100M | $3M | 0.0x | 0.2x | ||
| 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. | $15 | -33% | $94M | $155M | 0.4x | 3.9x | ||
| Alexanderwerk AG is concentrating on the development and manufacture of special machines and equipment for the chemical, pharmaceutical and allied industries,as well as food machines in engineering business. | $15 | -10% | $56M | $54M | 1.3x | 5.3x | ||
| XCHG Ltd is engaged in designing, manufacturing and selling Electric Vehicle (EV) chargers and EV charging solutions, which include the DC fast chargers named the C6 series and the C7 series, the battery-integrated DC fast chargers which is Net Zero Series (NZS), as well as accompanying services. Its integrated solution, combining proprietary charging technology, energy storage technology, and accompanying services significantly improves EV charging efficiency and unlocks the value of energy storage and management. Its NZS solution enables fast charging at low power locations or vis-a-vis aged grid infrastructures (which typically are not compatible with fast charging equipment) with no site improvements or grid upgrades needed. | $1 | -53% | $53M | $50M | 2.0x | (1.6x) | ||
| Singulus Technologies AG is a high-tech engineering company. It develops and builds machines and systems for efficient production processes in thin-film technology and surface treatments, which are used in different industries, including photovoltaic, semiconductor, medical technology, packaging, glass & automotive, as well as battery & hydrogen markets. The company operates through three segments: Life Science, Solar, and Semiconductor. Maximum revenue is generated from the Solar segment, which focuses on processes and systems for the production of solar cells. In addition, it offers production lines for the manufacture of solar cells and modules. Geographically, it generates maximum revenue from Asia, followed by Europe, North and South America, Germany, Africa, and Australia. | $5 | +118% | $47M | $83M | 1.5x | (7.7x) | ||
| Datron AG group specializes in the development, production, and sale of high-speed CNC milling machines, dental milling machines, high-performance dosing machines, milling tools as well as device-specific software and after-sales services specialized. DATRON high-speed CNC milling machines are particularly suitable for processing future-oriented materials such as aluminum and composite materials. The dental milling machines ensure efficient processing of all common denture materials in dental laboratories. The high-performance metering machines are ideal for industrial sealing and adhesive applications. | $11 | -- | $45M | $75M | 10.6x | (1.3x) | ||
| Pittler Maschinenfabrik AG is an international manufacturer, developer and seller of machines, processing equipment and machine tools. | $2 | -10% | $5M | $7M | 0.7x | 4.3x | ||
| Greiffenberger AG manufactures electrical equipment. The company divides its business activities into three segments; Drive Technology segment, Metal Band Saw Blades and Precision Strip Steel segment and the segment Pipeline Renovation Technology. | $0 | -93% | $273K | $8M | 0.1x | (5.0x) | ||
| Median | $29 | -5% | $707M | $702M | 1.2x | 8.4x |
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