Covestro - M&A Summary and Business Overview

ChemicalsCompany

Covestro M&A Summary

Covestro has acquired 4 companies. It has also divested 4 assets.

Covestro’s largest acquisition to date was in 2007, when it acquired Ure-Tech Group of Taiwan for $85M. It’s largest disclosed sale occurred in 2022, when it sold Covestro’s Additive Manufacturing Materials Business to Stratasys for $48M. Covestro has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include chemicals (50%) and plastics (50%).

Covestro Business Overview

Where is Covestro headquartered?

Covestro is headquartered in Leverkusen, Germany.

What is Covestro’s revenue?

Covestro disclosed revenue of 14,377M EUR for 2023 and 17,968M EUR for 2022.

How many employees does Covestro have?

Covestro has 17,543 employees.

What sector is Covestro in?

Covestro is a chemicals company.

When was Covestro founded?

Covestro was founded in 1863.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity4
    • M&A Sell Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 5

Covestro

Covestro AG

Kaiser-Wilhelm-Allee 60,
Leverkusen, 51373
Germany,
+49 214 6009 2000
www.covestro.com

Covestro is a provider of high-value polymers and innovative solutions for key sectors such as transportation, construction, electronics, furniture, sports equipment and textiles. Covestro was founded in 1863 and is based in Leverkusen, Germany.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 4 - - - - - 4
vol $108M $108M
Sell (0.2/yr) # 3 - - 1 - - 4
vol $48M $48M
  8

Most Recent M&A

Company Date Value Type
Covestro’s Additive Manufacturing Materials Business 2022-08-08 48M EUR Divestiture
Leverkusen, Germany
PLIXXENT Holding GmbH 2019-06-17 - Divestiture
Oldenburg, Germany · www.plixxent.com
Covestro LLC - Spray Polyurethane Foam 2017-02-22 - Divestiture
Spring, Texas
Thermoplast Composite GmbH 2015-03-02 - Add-on Acquisition
Langenfeld, Germany · www.thermoplast-composite.de
Arkema - Polycarbonate Sheet Business 2012-04-12 - Divestiture
, United States
Hennecke GmbH 2007-10-30 - Divestiture
Sankt Augustin, Germany · www.hennecke.com
Ure-Tech Group of Taiwan 2007-01-01 85M USD Add-on Acquisition
Changhua, Taiwan
Polythane Systems, Inc. 2005-08-17 23M EUR Add-on Acquisition
Spring, Texas · www.polythane.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Chemicals 2 (50%) 108M (100%) 3 (75%) 48M (100%)
Plastics 2 (50%) - - -
Manufacturing - - 1 (25%) -
Total 4 $108M 4 $48M

By Geo

State/Country Buy Value Sell Value
Germany 1 - 3 48M
United States 2 23M 1 -
  Texas 1 23M 1 -
Taiwan 1 85M - -
Domestic 1 (25%) - 3 (75%) 48M (100%)
Cross-border 3 (75%) 108M (100%) 1 (25%) -
Total 4 $108M 4 $48M

Deal Values

buy # Total
< $100M 2 $108M
TOTAL $108M
Largest Ure-Tech Group of Taiwan
$85M (2007-01-01)
sell # Total
< $100M 1 $48M
TOTAL $48M
Largest Covestro’s Additive Manufacturing Materials Business
$48M (2022-08-08)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Chemicals

Revenue

14,377   20% 2023
17,968   13% 2022
15,903   49% 2021
10,706   14% 2020
12,412   16% 2019
14,616   4% 2018
14,138   19% 2017
11,904   2% 2016
12,082   3% 2015
11,761   4% 2014
11,357   3% 2013
11,610   2012
(millions of EUR) Show More Show Less

Employees

17,543

Established

1863

Public

Frankfurt (FWB): 1COV

Former Name

Bayer MaterialScience LLC

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