Dürr Group completes acquisition of BBS Automation

The Dürr Group had already acquired the automation experts Teamtechnik and Hekuma in 2021. "With the acquisition of BBS Automation, we are continuing our growth course in industrial automation and forming a new powerhouse with leading technologies and global reach," explained Dr. Jochen Weyrauch, CEO of Dürr AG. "The product and software spectrums of BBS Automation, Teamtechnik and Hekuma complement each other perfectly. This will enable us to provide customers around the world with an even better range of services. The acquisition is part of our strategy to expand our business activities in high-growth and high-margin industrial areas." For 2024, the Dürr Group expects sales of around € 500 million in the Automation segment.

BBS Automation will be consolidated in the Dürr Group as of August 31, 2023. The purchase agreement was signed with the previous owners, a consortium led by financial investor EQT, on June 12, 2023. Founded in 2013 and headquartered in Garching near Munich, the company has around 1,500 employees and 16 locations in Europe, Asia and North America. BBS Automation offers automated systems for the production of components for various industries such as e-mobility/automotive, pharmaceuticals and consumer goods. The systems are used to produce electronic components, batteries, and elements for brakes and lighting, among other things, as well as medical products such as syringes, inhalers, and pharmaceuticals, or hearing aids and electric toothbrushes. Sales of between €400 million and €450 million and an EBITDA margin of 13% to 15% are expected in 2026. The acquisition is thus in line with the Dürr Group's growth and earnings targets. The enterprise value of BBS Automation is between € 440 and 480 million and depends on the earnings development in 2023.