Messer Group Revenue, Valuation, Funding & Investors

Messer Group is valued at $11B as of May 2023, a 2.4x revenue multiple. Messer Group revenue was $4.5B and Messer Group EBITDA was $1.3B, as disclosed with its latest round.

Last Messer Group valuation

$11B

Strategic investment · May 2023

Last Messer Group funding round

Strategic investment

Amount undisclosed · May 2023

Messer Group revenue

$4.5B

Strategic investment · May 2023

Key investors in Messer Group

  • GIC

Messer Group Overview

About Messer Group

Messer Group is a Bad Soden-headquartered industrial gases producer founded in 1898, ranking among Europe's largest privately held suppliers. It manufactures oxygen, nitrogen, argon, hydrogen, helium, CO2, and specialty mixtures for metallurgy, chemicals, food processing, and healthcare from 30 production sites across Germany, UK, France, and Eastern Europe. Messer supplies medical gases compliant with EMA standards and welding mixtures to automotive giants like Volkswagen.


HQ

GermanyFrankfurt

Status

Privately held

Customer focus

B2B

Revenue model

Product sales

Revenue

$4.5B (May 2023)

Valuation

$11B (May 2023)

Messer Group Valuation

Messer Group is currently valued at $11B, based on its strategic investment round in May 2023. Read the announcement ↗

The round included GIC.

Messer Group valuation by funding round

Messer Group valuation by funding round
DateStageValuationRevenue Multiple
May 2023Strategic investment$11B2.4x

Messer Group Revenue

Messer Group's latest recorded revenue is $4.5B, as of its strategic investment round in May 2023. At a $11B valuation, that implies a 2.4x revenue multiple.

Messer Group revenue by funding round

Messer Group revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
May 2023$4.5B$11B2.4xStrategic investment

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Messer Group Funding History

Messer Group has raised 1 funding round.

Messer Group funding rounds
DateStageInvestorsValuationDeal Summary
May 2023Strategic investmentGIC$11BMesser Group, the world's largest privately held specialist for industrial, medical, and specialty gases with operations in Asia, Europe, and the Americas, partnered with GIC, a Singapore-based global institutional investor, in May 2023. GIC acquired a minority stake valued at €2 billion, reported as approximately 20%, providing financing for Messer's full acquisition of its joint venture Messer Industries from CVC Capital Partners. The transaction, completed after regulatory approvals by late 2023, integrated Messer's North and South American and Western European operations under single ownership. The strategic rationale focused on sustainable, profitable growth, enabling Messer to leverage its 11,000 employees and €4.2 billion in 2022 sales to challenge industry leaders through organic expansion and acquisitions. GIC's long-term investment approach aligns with family-owned businesses, supporting Messer's global positioning amid opportunities in green energy and the Asia Pacific region. CEO Bernd Eulitz highlighted the partnership as opening a new chapter, strengthening the company as a dynamic challenger.

Who has invested in Messer Group?

1 investor has backed Messer Group across its funding rounds, including GIC.


Messer Group Investors

Investors in Messer Group by funding rounds participated
InvestorHQRoundsRoleFirst check

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Acquisitions by Messer Group

Messer Group has acquired 1 company to date.

Last acquisition by Messer Group was on October 5th 2020. Messer Group acquired Hans Mueller HMP Medical Technology for undisclosed valuation.


Latest Acquisitions by Messer Group

Hans Mueller HMP Medical Technology
Description
Hans Mueller HMP Medical Technology is a Germany-based supplier of specialized medical equipment to healthcare providers. The company distributes diagnostic and therapeutic devices, including systems for patient monitoring and treatment, from its operations in the Rhine-Main area. It serves hospitals and clinics with reliable medical technology solutions tailored to clinical needs.
HQ CountryGermany
HQ City
Nuremberg
Deal Date5 Oct 2020
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Investments by Messer Group

Messer Group has invested in 1 company to date.

Latest investment by Messer Group was on January 28th 2026. Messer Group invested in ZhiChun Precision in their Series A round.


Latest Investments by Messer Group

ZhiChun Precision
Description
ZhiChun Precision is a supplier of high-purity industrial gases, specializing in research, development, manufacturing, and sales for semiconductor, medical, and scientific research applications.
HQ CountryChina
HQ City
-
Deal Date28 Jan 2026
RoundSeries A
Raisedundisclosed
InvestorsQingdao Xifa; MAGS Capital; Zhejiang State-owned Asset Management; Yellow River Delta Industrial Investment Fund
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Messer Group Competitors

Messer Group competitors include listed companies like Guangxi Guiguan Electric, HD Hyundai, Antero Resources and AES, and private ones like Eni Plenitude and VoltaGrid.

Public and private companies comparable to Messer Group
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Guangxi Guiguan ElectricChinaChinaPublicly listed$1.6B$1.1B$11B9.5x
HD HyundaiSouth KoreaSouth KoreaPublicly listed$52B$5.4B$11B0.5x
Antero ResourcesUnited StatesUnited StatesPublicly listed$5B$1.7B$11B2.5x
AESUnited StatesUnited StatesPublicly listed$12B$2.6B$11B3.8x
Eni PlenitudeItalyMilanPrivate$7.7B$1.2B$12B1.5x
VoltaGridUnited StatesHouston, TXPrivate--$10B-

Messer Group Public Comps

Messer Group is still privately-owned, but its public comps include Guangxi Guiguan Electric, HD Hyundai, Antero Resources, AES, Eneva, Enlight Renewable Energy, Zheneng Electric, Antero Midstream, OQ and JSW Energy.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Guangxi Guiguan Electric$1.6B$1.1B9.8x9.5x14.2x14.1x
HD Hyundai$52B$5.4B0.5x0.5x5.1x3.1x
Antero Resources$5B$1.7B3.1x2.5x9.0x6.3x
AES$12B$2.6B4.0x3.8x18.6x16.2x
Eneva$3.6B$1.3B4.3x5.4x12.1x13.5x
Enlight Renewable Energy$582M$461M27.0x-34.1x-
Zheneng Electric$12B$2.6B1.4x1.5x6.6x7.8x
Antero Midstream$1.3B$960M10.9x10.6x14.3x11.6x

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Common questions about Messer Group

Where is Messer Group headquartered?Messer Group is headquartered in Frankfurt, Germany.
Is Messer Group publicly listed?No, Messer Group is a private, VC-backed company.
What is Messer Group's valuation?Messer Group was last valued at $11B in its strategic investment round in May 2023.
What was Messer Group's last funding round?Messer Group's last funding round was a strategic investment round in May 2023.
Who are Messer Group's investors?Messer Group's investors include GIC.
What is Messer Group's revenue?Messer Group's latest recorded revenue is $4.5B (May 2023).
What is Messer Group's revenue multiple?Messer Group's latest valuation implies a 2.4x revenue multiple ($11B valuation on $4.5B of revenue).
Which companies are comparable to Messer Group?Companies comparable to Messer Group include Guangxi Guiguan Electric, HD Hyundai, Antero Resources, AES, Eni Plenitude and VoltaGrid.
How many companies has Messer Group acquired?Messer Group has acquired 1 company, including Hans Mueller HMP Medical Technology.
How many companies has Messer Group invested in?Messer Group has invested in 1 company, including ZhiChun Precision.
What was Messer Group's last investment?In January 2026, Messer Group invested in ZhiChun Precision's Series A alongside Qingdao Xifa, MAGS Capital, Zhejiang State-owned Asset Management and 1 other investor.

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