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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-11-24 Automation Engineering
Machinery
Essen, Germany
www.thyssenkrupp-automation-engineering.com

Automation Engineering is a specialist in customised mechanical engineering for product-specific automation solutions. Automation Engineering is based in Essen, Germany.

Divestiture

Agile Robots
Company
Machinery
Munich, Germany
www.agile-robots.com

thyssenkrupp
Company
Diversified
Essen, Germany
www.thyssenkrupp.com

Deal Article Deal Link  
2025-11-06 Merck - OLED Patent Assets
Semiconductors
Darmstadt, Germany

Merck's OLED Patent Assets include more than 300 issued and pending patents worldwide, covering more than 110 unique patent families in the field of advanced OLED emissive device structures and related material components and are based in Darmstadt, Germany.

Divestiture

Universal Display
Company
Semiconductors
Ewing, New Jersey
www.oled.com

Merck
Company
Diversified
Darmstadt, Germany
www.merckgroup.com

Deal Article Deal Link  
2025-10-31 TechniSat - Manufacturing Plant
Electronics
Schoneck, Germany

TechniSat's Manufacturing Plant is engaged in the manufacturing of consumer electronics, including digital receivers. TechniSat's Manufacturing Plant is based in Schoneck, Germany.

Divestiture

OHB
Company
Aerospace
Bremen, Germany
www.ohb.de

TechniSat
Company
Electronics
Daun, Germany
www.technisat.de

Deal Article Deal Link  
2025-10-28 Laboperator
Internet Software and Services
Berlin, Germany

Laboperator offers laboratory automation solutions that enable researchers and GxP production teams to manage instruments, workflows, and data efficiently.

Divestiture

Xavo
Company
Internet Software and Services
Boston, Massachusetts
www.xavo.com

Labforward
Company
Information Technology
Berlin, Germany
www.labforward.io

Deal Article Deal Link  
2025-10-13 Buhler Motor Aviation
Manufacturing
Nuremberg, Germany

Buhler Motor Aviation is a manufacturer of aircraft seat actuation systems with a broad product portfolio that includes actuators, electronics, control panels, pneumatic systems, and lighting. Buhler Motor Aviation is based in Nuremberg, Germany.

Divestiture

Astronics
Company
Aerospace
East Aurora, New York
www.astronics.com

Bühler Motor
Company
Electrical Equipment
Nuremberg, Germany
www.buehlermotor.com

Deal Article Deal Link  
2025-10-10 Graphit Kropfmühl
Metals/Mining
Hauzenberg, Germany
www.gk-graphite.com

Graphit Kropfmühl mines and refines natural graphite, processes and refines synthetic graphite, and produces dispersions, pastes, and lubricant premixes in powder form and is based in Hauzenberg, Germany.

Divestiture
Value

$65

Asbury Carbons
Company
Metals/Mining
Asbury, New Jersey
www.asbury.com

AMG Critical Materials
Company
Metals/Mining
Amsterdam, Netherlands
www.amg-nv.com

2025-10-02 Xylem's Metering Assets
Machinery
Germany

Xylem's Metering Assets include mechanical and static water/heat meters, and smart communication modules. Xylem's Metering Assets are based in Germany.

Divestiture

AURELIUS Equity Opportunities
Investor
Asset Manager
Grünwald, Germany
www.aureliusinvest.com

Xylem
Company
Machinery
Washington, District of Columbia
www.xylem.com

Deal Article Deal Link  
2025-09-24 Merlin Entertainments - LEGO & LEGOLAND Discovery Centres
Leisure
Berlin, Germany

Merlin Entertainments' LEGO & LEGOLAND Discovery Centres provide a variety of entertainment activities.

Divestiture

LEGO Group
Company
Consumer Products
Billund, Denmark
www.lego.com

Merlin Entertainments
Company
Leisure
Poole, United Kingdom
www.merlinentertainments.biz

Deal Article Deal Link  
2025-09-23 DB Cargo's 6,000 Freight Railcars
Transportation
Mainz, Germany

DB Cargo's 6,000 Freight Railcars comprise a diverse mix of wagon types used in European rail freight operations. DB Cargo's 6,000 Freight Railcars is based in Mainz, Germany.

Divestiture

GATX
Company
Transportation
Chicago, Illinois
www.gatx.com

DB Cargo
Company
Transportation
Mainz, Germany
www.dbcargo.com

Deal Article Deal Link  
2025-09-10 HONICO
Software
Hamburg, Germany
www.honico.com

HONICO is a producer of intelligent system management solutions in the areas of IT controlling, data and authorization management, process automation, integration, and professional file management. HONICO was formed in 1999 and is headquartered in Hamburg, Germany.

Divestiture

Stonebranch
Company
Software
Alpharetta, Georgia
www.stonebranch.com

Flexera
Company
Software
Itasca, Illinois
www.flexera.com

Deal Article Deal Link  
2025-08-18 Ecobat - Battery Recycling and Specialty Lead Operations
Electrical Equipment
Freiberg, Germany

Ecobat's Battery Recycling and Specialty Lead Operations includes Ecobat's facilities in Freiberg and Braubach, Germany, as well as the Arnoldstein operation in Austria.

Divestiture

Clarios
Company
Electrical Equipment
Milwaukee, Wisconsin
www.clarios.com

Ecobat
Company
Environmental
Irving, Texas
www.ecobat.com

Advisors: White & Case , Rothschild Global Advisory

Deal Article Deal Link  
2025-08-01 C + P Mobelsysteme
Furniture
Breidenbach, Germany
www.cp.de

C + P Mobelsysteme owns steel construction facilities that offers steel cabinets. C + P Mobelsysteme is based in Breidenbach, Germany.

Divestiture

Nimbus
Investor
Private Equity Firm
Zeist, Netherlands
www.nimbus.com

Christmann + Pfeifer Group
Company
Construction
Angelburg, Germany
www.cpbau.eu

Deal Article Deal Link  
2025-07-28 Tremonia Mobility
Automotive
Dortmund, Germany
www.tremonia.com

Tremonia Mobility is a minibus manufacturer for public transport, shuttle, and tourist transport. The company also develops emission-free vehicle fleets for urban mobility – environmentally friendly, efficient, and customizable. Customers include municipalities, private bus and taxi companies, energy suppliers and or airports and airlines. Tremonia Mobility is based in Dortmund, Germany.

Divestiture

Resvion
Investor
Distressed Investor
Frankfurt, Germany
www.resvion.de

AEQUITA SE & Co. KGaA
Company
Business Services
Munich, Germany
www.aequita.com

Deal Article Deal Link  
2025-07-25 Opti Group
Manufacturing
Rhauderfehn, Germany
www.opti.group

Opti Group is a manufacturer of high-quality zippers for various industries, e.g., luxury goods, automotive, home textiles. Opti Group was founded in 1936 and is based in Rhauderfehn, Germany.

Divestiture

Accursia Capital
Investor
Private Equity Firm
Munchen, Germany
www.accursia-capital.com

AEQUITA SE & Co. KGaA
Company
Business Services
Munich, Germany
www.aequita.com

Deal Article Deal Link  
2025-07-17 Wärtsilä SAM Electronics
Electronics
Hamburg, Germany

Wärtsilä SAM Electronics is a renowned systems company and partner with worldwide shipping companies, navies, and shipyards. Wärtsilä SAM Electronics was founded in 1906 and is based in Hamburg, Germany.

Divestiture

VINCI Energies SA
Company
Engineering
Cedex, France
www.vinci-energies.com

Wartsila
Company
Marine
Helsinki, Finland
www.wartsila.com

2025-07-08 Whow Games
Leisure
Hamburg, Germany
www.whow.net

Whow Games is a social casino developer that specializes in both proprietary and branded social casino experiences. The company’s flagship proprietary brand, MyJackpot, has attracted a significant and loyal user base in Germany, while its strategic partnerships with internationally renowned brick-and-mortar casino brands have resulted in successful external brands like Merkur24. Whow Games is based in Hamburg, Germany.

Revenue (mlns) 42 EUR
Divestiture
Value

$62

1.3x Revenue

DoubleDown Interactive
Company
Digital Media
Seattle, Washington
www.doubledowninteractive.com

Azerion
Company
Marketing
Amsterdam, Netherlands
www.azerion.com

Deal Article Deal Link  
Avg $810
8.6x EBITDA
2.5x REVENUE

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