SCHMID Group

What SCHMID Group does

SCHMID Group N.V. is a Freudenstadt, Germany-headquartered (legally incorporated in the Netherlands, NASDAQ: SHMD) producer of capital equipment and process solutions for the manufacture of printed circuit boards, IC substrates, advanced packaging, photovoltaic cells and modules, and stationary energy storage. Founded in 1864, the group operates three reporting segments — Electronics, Photovoltaics & Glass, and Customer Service — and sells into global PCB, IC substrate, advanced packaging, and solar cell manufacturers across Asia, Europe, and the Americas.

Its technology stack is centered on the InfinityLine modular platform, comprising the InfinityLine A+ automation system (with FOUP/OHT, AGV, and MES web-HMI integration), the H+ horizontal and V+ vertical wet process lines for HDI, SAP/mSAP, and panel-level packaging, the C+ vertical touchless wet process cluster for advanced packaging (with 2 μm line/space, Cu/Ti flash etch, and DMSO-based stripping), the L+ OSCAR-based Chemical Mechanical Polishing (CMP) system for substrates up to 24.5"x24.5", and the P+ panel-level plating system. These are complemented by the proprietary Any Layer ET (Embedded Trace) damascene process and InfinityBoard glass-core packaging platform, an acid-based Through-Glass-Via (TGV) etching system co-developed with TRUMPF (6–8x productivity vs. alkaline), the Hyper Loop System (HLS) precision etcher, the ET-Board substrate process, and the photovoltaic portfolio (AGTex glass surface finishing, Alkaline Texturing, APCVD Series 5500, Edge Isolation + PSG Etching, Poly-Si/BSG Etching, Alkaline Polishing for PERC/TOPCon). EverFlow® vanadium redox flow batteries are sold via the SCHMID Energy Systems JV with PEKINTAŞ. The company holds 1,000+ patents and process solutions and employs more than 800 staff globally, including ~250 at its Zhongshan, China facility.

SCHMID makes money primarily through quote-based, multi-million-EUR capital equipment sales (Q1 2026 revenue of €18.2 million, FY 2024 revenue of approximately €61 million, FY 2026 target above €100 million), supplemented by recurring aftermarket revenue from spare parts (~60,000 stocked items), maintenance contracts, modernization/upgrade services, and technical training delivered through 7 service locations and 60+ technicians. Equipment is sold via direct enterprise field sales (regional sales directors in China, Taiwan, Korea, and the Americas under CSO Roland Rettenmeier), supplemented by a global channel partner network, and is showcased at major industry events (productronica Munich, ECTC, TPCA Taiwan, Semicon Japan). The customer base is dominated by Asian PCB, IC substrate, and advanced packaging manufacturers (China, Taiwan, Korea, Japan) with growing exposure to AI server/HPC end-markets.

Name

SCHMID Group

Legal name

SCHMID Group N.V.

Website

https://schmid-group.com

Company type

Public

Founded year

1864

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SCHMID Group designs and builds modular InfinityLine capital equipment and process solutions for PCB, IC substrate, advanced packaging, photovoltaic, and glass-surface manufacturing, plus EverFlow vanadium redox flow energy storage. It sells primarily to Asian and global PCB and semiconductor substrate manufacturers, with recurring aftermarket revenue from its installed base.

Ownership category

akta.pro rank

Product category

Semiconductor and PCB Manufacturing Equipment

NAICS

Printed Circuit Assembly (Electronic Assembly) Manufacturing (334418), Bare Printed Circuit Board Manufacturing (334412)

SIC

Printed Circuit Boards (3672), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Industrial PCB & Substrate Components (Bare PCBs, rigid-flex, ceramic substrates, thick-film) (IMAGAJAM)

akta.pro secondary industries

Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Solar Mounting, Racking, Trackers & Structural BOS Manufacturing (EUAMAHAC)

Keywords

• PCB manufacturing equipment
• Advanced packaging equipment
• Photovoltaic production systems
• Wet process equipment
• Industrial automation systems

Headquarters

HQ city

Freudenstadt

HQ country

Germany

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Equipment Sales (Capital Equipment): Primary revenue stream from sale of capital equipment (InfinityLine platforms H+, V+, C+, L+, P+, A+, TGV etching systems, ET Board systems, AGTex, solar/photovoltaic equipment). Revenue is recognized on delivery and installation of multi-million-EUR equipment to PCB, IC substrate, and advanced packaging manufacturers. Q1 2026 revenues reported at €18.2 million; FY 2024 revenue €61 million; FY 2026 revenue target exceeds €100 million.
2. Customer Service and Spare Parts: Recurring revenue from maintenance contracts, technical support, field service, spare and wear parts (~60,000 different articles in stock), modernization/upgrades, and customer training. More than 60 service technicians across 7 service locations globally; recurring aftermarket stream supports installed base of SCHMID equipment.
3. Energy Storage Systems (EverFlow): Revenue from sale of vanadium redox flow battery systems under the EverFlow brand via joint venture SCHMID Energy Systems (with Pekintas Group). Targets stationary C&I, multi-megawatt grid, maritime, and green hydrogen markets. Product portfolio ranges from commercial/industrial to multi-megawatt installations.
4. Financial Engineering / Liability Management: SCHMID has offset €30.75 million in financial liabilities with related parties (Anette Schmid, Christian Schmid, Christine Schmid, Schmid Grundstücke GmbH & Co KG) via share issuances; secured $30 million convertible notes financing with institutional investor; €10 million two-tranche convertible term loan facility from Black Forest Special Situations I. These do not constitute customer revenue but reflect capital structure management.

Pricing tiers

Go-to-market motion4 records

Core offering

SCHMID Group designs, manufactures and services capital equipment and process solutions for printed circuit board (PCB) and IC substrate fabrication, advanced semiconductor packaging (including glass-core/panel-level packaging), photovoltaic/glass surface processing, and vanadium redox flow battery energy storage. Its modular InfinityLine platform (A+, H+, V+, C+, L+, P+) combines wet processing, plating, chemical mechanical polishing, automation/intralogistics and embedded trace technologies, complemented by a global customer service network (60+ technicians, 7 service hubs) and the EverFlow energy storage product line via a joint venture.

Product overview

SCHMID Group is a global solutions provider for the high-tech electronics, photovoltaics, glass, and energy systems industries, organized around three markets: Electronics, Photovoltaics & Glass, and Customer Service. Its offering is a platform-plus-modules architecture built on the InfinityLine family — a modular wet-process, automation, plating, and CMP ecosystem comprising the InfinityLine A+ (modular automation with intralogistics and FOUP/OHT integration), InfinityLine H+ (horizontal wet process), InfinityLine V+ (vertical wet process), InfinityLine C+ (vertical touchless spin-process cluster for advanced packaging), InfinityLine L+ (OSCAR CMP Chemical Mechanical Polishing for substrates up to 24.5"x24.5"), and InfinityLine P+ (panel-level plating). These are complemented by the proprietary ET Board / Any Layer ET (Embedded Trace) technology and the InfinityBoard glass-core packaging platform, the Vacuum Metalization & Etch and modular vertical Plating clusters, and the next-generation acid-based TGV Etching System (developed jointly with TRUMPF for glass interposers) and Hyper Loop System (HLS) for precision etching. In the Photovoltaics & Glass market, SCHMID supplies the AGTex inline glass surface finishing system, Alkaline Texturing, APCVD Series 5500, Edge Isolation + PSG Etching, Poly Silicon & BSG Etching, and NOx-free Alkaline Polishing for PERC and TOPCon — covering the full value chain from wafer to module, including turnkey production lines. The EverFlow® Vanadium Redox Flow Battery (via the SCHMID Energy Systems JV with Pekintas) extends the offering into stationary and maritime energy storage. Customer Service wraps the portfolio with 7 global service hubs, 60+ technicians, and approximately 60,000 spare-part items.

Differentiator

Problem solved

Functional benefit

Brands

• EverFlow: Vanadium redox flow battery (VRFB) product line for stationary energy storage, marketed by SCHMID Energy Systems GmbH.
• InfinityLine

Products and services

• InfinityLine A+ Modular automation system for high-end PCB and substrate manufacturing; provides loaders, intralogistics, FOUP/tray/frame transport, product tracking, AGV docking stations, ESD/particle protection, and Smart Factory / Industry 4.0 integration with SCHMID machines and 3rd-party systems.
• InfinityLine H+ Horizontal wet processing line for advanced HDI and IC substrate markets; supports SAP, mSAP and panel-level packaging applications including AI server board manufacturing, with large-format capability up to 700x700mm.
• InfinityLine V+ Vertical wet processing line for advanced HDI and IC substrate markets; supports SAP and mSAP serial production for next-generation PCB and substrate technologies.
• InfinityLine C+ Next-generation vertical, touchless single-panel wet process cluster for advanced packaging and high-density glass substrate manufacturing; supports high-precision developing, selective flash etch (Cu/Ti), DMSO-based wet-film stripping, FOUP/OHT integration, SCHMID MCF logistics, and 2 µm line/space.
• InfinityLine L+ (OSCAR CMP) Novel Chemical Mechanical Polishing (CMP) / planarization line based on the OSCAR CMP principle for rectangular substrates and PCBs up to 24.5" x 24.5"; enables sub-5 µm structures in HVM for panel-level packaging, SLP, Any Layer ET-Board, SAP and TGV-level glass substrates; features Industry 4.0 MES interfaces and web-based HMI.
• InfinityLine P+ Panel-Level Plating System for integrated plating of panel-level substrates used in advanced packaging and substrate manufacturing; complements the InfinityLine H+/V+/C+/L+ family.
• Any Layer ET (Embedded Trace) Process / InfinityBoard SCHMID's proprietary full panel-level damascene platform combining Any Layer ET (Embedded Trace) technology with the InfinityBoard glass-core packaging platform; enables ultra-fine copper embedding (line/space down to 2 µm) within dielectric layers for IC substrates, panel-level packaging and glass core substrates targeting AI, HPC and advanced server architectures.
• Acid-based TGV (Through Glass Via) Etching System Next-generation acid-based Through Glass Via etching system for glass interposers in advanced semiconductor packaging; offers 6-8x higher productivity vs. alkaline etching, 35% energy reduction, horizontal cassette-less design, and supports substrate sizes from 100x100mm to 600x600mm.
• Hyper Loop System (HLS) Revolutionary precision etching system with sustainable technology for advanced electronics manufacturing applications.
• Vacuum Metalization & Etch Inductively coupled plasma (ICP) modules for efficient desmear and surface treatment of low-loss high-frequency substrate materials, as well as deposition of dielectric layers, for advanced PCB and packaging applications.
• Plating (Modular Vertical Touchless Plating Clusters) Modular vertical touchless plating clusters with adjustable shieldings, diaphragm, vertical or laminar parallel electrolyte flow options for different plating applications in PCB and IC substrate manufacturing.
• AGTex Innovative inline water-based wet chemical process for finishing glass surfaces, producing anti-reflection and anti-glare coatings with variable gloss (transparent to matt); throughput up to 1.5 m²/min (up to 749,000 m²/year); substrate sizes 50x100mm to 1600x1200mm.
• Alkaline Texturing Inline System Efficient inline texturing of mono-crystalline wafers for solar cell production in photovoltaic manufacturing.
• APCVD System (Series 5500) Low-cost, high-volume inline Atmospheric Pressure Chemical Vapor Deposition (APCVD) system for single or multi-layer dielectric thin film deposition across all solar cell architectures.
• Edge Isolation + PSG Etching Inline System Single-sided edge isolation inline system with SCHMID's patented water-mask technology that achieves perfect edge isolation automatically, isolates the emitter optimally, and supports special cleaning for PERC cells plus selective emitter technology.
• Poly Silicon and BSG Etching Inline System Alkaline Poly-Si and BSG etching inline system for TOPCon manufacturing that achieves perfect cleaning of the sunny side for n- and p-doped polysilicon and borosilicate glass removal; handles wafer thicknesses down to 100 µm.
• Alkaline Polishing for PERC and TOPCon NOx-free horizontal inline system achieving perfect edge isolation with alkaline solution (KOH) and rear-side polishing for high-efficiency PERC and TOPCon cells in a single system; throughput 5,000-10,000 wafers/hour (M12); retrofittable from PERC to TOPCon.
• EverFlow (Vanadium Redox Flow Battery) Scalable, recyclable vanadium redox flow battery systems for stationary commercial, industrial, multi-megawatt grid, maritime (e.g., Portliner) and green hydrogen applications; up to 1.5 MW peak power for maritime use; high energy density, longevity, and flexible charge/discharge.
• Customer Service (Technical Support, Field Service, Spare & Wear Parts) Global after-sales customer service for installed SCHMID equipment: maintenance contracts, technical support, field service, on-site services, customer training, spare and wear parts (approx. 60,000 articles in stock), remote maintenance/diagnostics, modernization and upgrades, and performance audits.

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature10 records

Recent moves10 records

Expansion highlights8 records

Direct peers

• Manz AG: German-headquartered supplier of production equipment for electronics (PCB, IC substrate, display) and solar/battery — the closest pure-play peer to SCHMID across wet process, automation, and PV/factory solutions.
• ASMPT (ASM Pacific Technology): Global leader in assembly and packaging equipment for the semiconductor and electronics industry, with strong advanced-packaging (TCB, hybrid bonding) and SMT exposure that overlaps with SCHMID's InfinityLine and ET Board roadmap.
• Kulicke & Soffa Industries: Equipment supplier for semiconductor packaging, advanced packaging, and electronics assembly, with comparable exposure to wire bonding, TCB, and panel-level trends adjacent to SCHMID's wet-process and plating portfolio.
• DISCO Corporation: Specialist in dicing, grinding, and polishing equipment for semiconductor back-end — directly comparable in CMP/planarization technology and advanced-packaging customer base to SCHMID's InfinityLine L+.
• ULVAC: Japanese vacuum, deposition, and plasma-etch equipment maker with overlap in vacuum metallization, ICP etching, and thin-film deposition for electronics and solar — closely comparable to SCHMID's Vacuum Metalization & Etch and APCVD products.
• Meyer Burger Technology: European-headquartered PV and heterojunction cell/module equipment manufacturer — directly comparable to SCHMID's Photovoltaics & Glass business unit (AGTex, alkaline texturing, edge isolation, TOPCon systems).

Broad incumbents

• Tokyo Electron (TEL): Largest Japanese semiconductor production equipment maker spanning deposition, etch, lithography, and CMP — a broad incumbent whose CMP and packaging-systems franchises overlap with SCHMID's InfinityLine L+ / P+ positioning.
• Applied Materials: Global semiconductor and display equipment leader with strong CMP, deposition, etch, and advanced-packaging offerings — the dominant broad incumbent against which SCHMID's niche wet-process/CMP stack competes.

Regional players

• Naura Technology Group: Leading Chinese semiconductor equipment supplier with growing exposure to etch, CVD, and advanced packaging — a regional incumbent competing with SCHMID in the Chinese PCB/substrate and advanced-packaging market.

Others

• TRUMPF: German laser and machine-tool leader co-developing the acid-based TGV etching process with SCHMID for glass interposers; a key technology partner and adjacent ecosystem participant in advanced packaging rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

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Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries9 records

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SCHMID Group