PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

EQT PE to exit factory automation specialist BBS Automation

EQT Mid Market Europe and EQT Mid Market Asia III funds, together with co-shareholders, have agreed to sell BBS Automation (BBS), a specialist in factory automation solutions to MDAX-listed Dürr Group.

EQT Mid Market Europe and EQT Mid Market Asia III funds, together with co-shareholders, have agreed to sell BBS Automation (BBS), a specialist in factory automation solutions to MDAX-listed Dürr Group.

Headquartered in Munich, Germany, BBS Automation helps companies automate their production processes and reduce energy consumption, waste and downtime. The Company’s tailor-made assembly and testing applications are used by customers in a wide range of industries, including (e)Mobility, Life Sciences, and Consumer Electronics, among others.

EQT Private Equity partnered with founder Josef Wildgruber in May 2018 to acquire a majority stake in BBS. During EQT’s ownership, BBS has more than doubled its sales to over EUR300 million today (2023 estimate). At the same time, BBS has doubled its network of sites from seven to 14 and grown its headcount from around 550 to around 1,200.

As part of Dürr Group, BBS will continue to be led by Wildgruber. 

The transaction, which is subject to regulatory approval, is expected to close in the autumn of 2023.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured