July 2026
Largest Networking Hardware Public Companies in Germany
Benchmark revenue and EBITDA valuation multiples for public comps like
Adtran Networks, SMAG Mobile Antenna Masts, CeoTronics, aconnic and Arzneiwerk VIDA.
 | Adtran Networks SE develops, manufactures, and sells optical and Ethernet-based networking solutions to telecommunications carriers and enterprises to deliver data, storage, voice, and video services. Company segment includes: Network Solutions; and Services and Support,These systems are used by telecommunications service providers, private companies, universities, and government agencies. Some of its product categories are Open optical transport, Packet edge and aggregation, Disaggregated networking, Network virtualization, Network infrastructure assurance, and Automated network management. ADVA's geographical segments are Germany; the Rest of Europe, the Middle East and Africa; the Americas; and Asia-Pacific. | $26 | +11% | $1.4B | $1.4B | 2.5x | 18.8x | ||
| Smag Mobile Antenna Masts AG develops and manufactures mobile antenna mast systems for military and defense applications. Its product portfolio includes self-supporting, guy-wire-free mobile antenna mast systems supplied to defense contractors, original equipment manufacturers (OEMs), and government agencies. The company generated all of its revenue from the sales of mobile antenna masts systems for military applications. | $30 | -- | $169M | $160M | 4.8x | 48.3x | ||
| CeoTronics AG is a provider of short-range mobile digital wireless radio networks and communication headsets and systems for professional use. | $12 | -17% | $96M | $93M | 1.5x | 8.6x | ||
| aconnic AG is engaged in systems, telecommunication systems for broadband, wired networks, manufacturing of electronic products, providers of services for development, production, logistics of electronic modules and systems. Geographically it operates through the region of Germany and internationally. Majority of its revenue comes from the systems and electronic products business. | $1 | -38% | $10M | $10M | 0.2x | (2.7x) | ||
| Arzneiwerk AG VIDA is active in the pharmaceutical industry. The Pharma segment combines pharmaceutical supply with a focus on digitalization and process optimization along the pharmaceutical value chains and the management of large data volumes in the pharmaceutical industry. The company focuses on the growth area of specialty pharma in Germany and Europe. | $0 | +20302% | $1M | $1M | 18.0x | (3.4x) | ||
| Median | $12 | -3% | $96M | $93M | 2.5x | 8.6x |
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