Silbitz, Silbitz (Germany)

Hand-moulded and automated machine-moulded castings on steel and iron basis

Key facts at a glance

  • Growth by expanding core business and through acquisitions
  • Further diversification of customer and product portfolio
  • Great market potential in business with wind turbine manufacturers

Revenues in €mn

 

164

 

2019

 

122

 

2020

 

137

 

2021
Investment by
DBAG Fund VI
€32.8mn
DBAG's interest
€6.2mn
Management Buyout
Majority investment of DBAG Fund VI
First invested
August 2015

As of 31 December 2022

 

Profile

Silbitz now includes four foundries, each with their own product focus. At its headquarters in Silbitz (Thuringia, Germany), various materials based on iron and steel are cast in hand-moulded and automated machine-moulded processes. The castings mainly include parts for engine construction and energy technology. In Zeitz (Saxony-Anhalt, Germany), the company hand-moulds products mainly for wind turbines, such as rotor hubs and machine carriers – usually in small quantities but with heavy unit weights of up to 45 tons. The Torgelow iron foundry, acquired in 2021, can supply even higher unit weights - these products are also mainly used for wind turbines on land and increasingly at sea. This allows the company to participate in the energy transition and in the strong trend towards renewable energy generation. At its fourth production site in Košice (Slovakia), the company uses a range of processes to cast various materials, focusing on highly customised products.

In addition to wind energy technology, Silbitz products are also used, among others, in drive technology (e.g. planetary carriers, bearing housings) and non-automotive engine technology (e.g. in pistons and cylinder covers for marine and train engines). Silbitz supplies its products primarily to customers in Germany, Austria and Switzerland as well as in Scandinavia, with most of its customers being market leader in their respective sectors.

We are invested in a foundry group that is helping to ensure that the massive expansion of power generation on the high seas and thus the energy turnaround can succeed. This shows that without traditional industries, a sustainable economy is not possible - the group will make around 80 percent of its turnover from the wind power industry in the future.

Jannick Hunecke
Member of the Board of Management

~80

per cent

of Silbitz Groups’ revenues are generated in the wind energy sector

Potential for development

The Silbitz Group is one of the two foundries in the portfolio, together with the iron foundry Gienanth. Both companies can benefit from DBAG’s experience in this sector. DBAG has been involved in this sector for many years and has already invested in foundries in the past. In addition to acquiring new customers and expanding business with existing customers, continued growth through acquisitions is also being considered, such as most recently in 2021: the acquisition of the site in Torgelow significantly increased casting capacity by around half of the previous capacity. In 2016, the group had acquired the former Achslagerwerke Staßfurt with a sales volume of around 15 million euros.

Contact

Jannick Hunecke
Jannick Hunecke
Jannick Hunecke
Ressorts:
Investment Business and Investment Process, Human Resources

Jannick Hunecke

Member of the Board of Management

Born in 1974, Member of the Board of Management since March 2021; appointed until end of February 2026.

Jannick Hunecke joined Deutsche Beteiligungs AG in 2001 and became a Managing Director in 2008. He has 22 years of experience in the private equity business in Germany’s mid-market sector.

Jannick Hunecke holds a degree in Business Administration from the University of Munster.