What Brockhaus Technologies does

Brockhaus Technologies AG is a Frankfurt am Main-headquartered, publicly listed technology holding company (Frankfurt Stock Exchange Prime Standard, ticker BKHT, ISIN DE000A2GSU42; HRB 109637) that acquires majority stakes in margin-strong, growth-oriented technology and innovation leaders with B2B business models in the German Mittelstand. Founded in 2017 by Marco Brockhaus and Dr. Marcel Wilhelm, the group was built on the deal-sourcing track record of Brockhaus Private Equity, which had been operating since 2000 with Fund III delivering a 51% gross IRR and a 2x money multiple. The firm originally raised approximately €50 million via a private placement in December 2017 and listed via an IPO on the Frankfurt Prime Standard in July 2020 at €32.00 per share, raising approximately €115 million in gross proceeds for an approximate €332 million market capitalization at full greenshoe. Management states a long-term, non-exit-driven holding model differentiated from conventional private equity.

Following the June 2026 sale of Bikeleasing Group to Decathlon Pulse (generating approximately €180 million in proceeds earmarked for return to shareholders), the operating group is anchored by IHSE GmbH. IHSE develops, produces, and distributes KVM (Keyboard, Video, Mouse) switches and extenders that deliver latency-free, loss-free, and highly secure transmission of mission-critical data, serving air traffic control, broadcasting, medical technology, utilities, transportation, banking, maritime, semiconductor production, and control centers. IHSE is headquartered in Oberteuringen (Lake Constance), Germany, with owned-subsidiary presence in the USA and Singapore. Palas GmbH (Karlsruhe), a former subsidiary with more than 20 active patents in optical particle measurement, was divested earlier and likewise referenced in the historical portfolio. The group also held Bikeleasing — a digital B2B platform serving 78,000+ companies and approximately 3.9 million employees in Germany and Austria via salary-conversion company-bike leasing — through December 2025, after which the business was classified as discontinued operations and sold.

Brockhaus Technologies generates revenue principally through subsidiary hardware sales (IHSE) and, historically, through platform transaction fees and financing economics (Bikeleasing). Distribution is dominated by direct enterprise field sales to mission-critical buyers and self-serve/digital onboarding for the B2B platform; the holding itself is publicly traded, providing retail and institutional capital-market access to German Mittelstand technology holdings. Capital-allocation actions in 2026 — the Bikeleasing divestiture, an extraordinary general meeting in February 2026 approving capital-return measures, the postponement of the ordinary AGM, and the appointment of a new IHSE CEO in May 2026 — define the current transitional period.

Name

Brockhaus Technologies

Legal name

Brockhaus Technologies AG

Website

https://brockhaus-technologies.com

Company type

Public

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Brockhaus Technologies AG is a Frankfurt-listed German technology holding company that acquires majority stakes in high-margin Mittelstand B2B technology leaders; following the 2026 sale of Bikeleasing, the operating group is anchored by IHSE, a global KVM technology provider for mission-critical infrastructure.

Ownership category

akta.pro rank

Product category

Technology Holding / IT Infrastructure Hardware

SIC

Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Server Management, Orchestration & BMC/Remote Admin Systems (HDACABAK)

Keywords

• Technology holding company
• KVM switch technology
• German Mittelstand investments
• Employee benefits platform
• Mission-critical data transmission

Headquarters

HQ city

Frankfurt

HQ country

Germany

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. IHSE (Security Technologies): IHSE develops, produces, and distributes KVM technology (Keyboard, Video, Mouse) for secure, latency-reduced, and loss-free data transmission in mission-critical applications such as air traffic control, medical technology, utilities, transportation, banking, maritime, semiconductor production, and control centers.
2. Bikeleasing (HR Benefit & Mobility Platform): Digital B2B financial platform for employee benefits including company bike leasing. The platform generates revenue through financing arrangements, dealer commissions (introduced August 2025), and resale of previously leased bicycles and e-bikes. Bikeleasing was sold to Decathlon Pulse in 2026.
3. Investment Returns: The company generates value through acquiring and holding technology champions, with the sale of Bikeleasing to Decathlon Pulse generating approximately €180 million in proceeds to be returned to shareholders.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Brockhaus Technologies AG is a publicly listed technology holding company that acquires majority stakes in high-margin, high-growth B2B technology and innovation leaders in the German Mittelstand and supports them strategically over the long term. Its current core operating subsidiary is IHSE, which develops, produces, and distributes KVM (Keyboard, Video, Mouse) switches and extenders for secure, latency-free transmission of mission-critical data; the previously held Bikeleasing digital B2B financial platform for company-bike leasing was divested to Decathlon Pulse in 2026.

Product overview

Brockhaus Technologies operates as a technology group that acquires majority stakes in high-margin, growth-oriented technology and innovation leaders with B2B business models in the German Mittelstand. The company manages a portfolio of distinct technology subsidiaries: (1) IHSE, a global technology leader in KVM (Keyboard, Video, Mouse) technology for latency-free, loss-free, and highly secure transmission of mission-critical data, serving sectors including air traffic control, medical technology, utilities, banking, maritime, and semiconductor production; (2) Bikeleasing, a digital B2B financial platform for company bicycle leasing as employee benefits, connecting retailers, employees, employers, financing providers, and insurers across Germany and Austria; and (3) Palas (now divested), a particle measurement technology specialist. The group supports its subsidiaries through active strategic management, helping them achieve profitable growth across industries and borders.

Differentiator

Problem solved

Functional benefit

Products and services

• IHSE KVM Technology IHSE develops, produces, and distributes KVM (Keyboard, Video, Mouse) switches for operating and switching computers and consoles, and extenders for loss-free extension of computer signals, ensuring highly secure, latency-reduced, and loss-free data transmission for mission-critical applications. Used by air traffic control, broadcasting, medicine, industry, transport, and banking operators.
• Bikeleasing Digital B2B Financial Platform Highly automated digital B2B financial platform that mediates, finances, and administers employee benefits (company bicycles/e-bikes) through employers via salary conversion, digitally connecting retailers, employees, employers, financing providers, and insurers across Germany and Austria. Note: divested to Decathlon Pulse in 2026.
• Palas Optical Particle Measurement Devices Certified fine dust and nanoparticle measuring devices, aerosol spectrometers and generators, and related systems and software solutions for high-precision optical particle measurement, serving automotive, chemicals, pharmaceuticals, laboratories, clean rooms, and ambient air-quality monitoring.

Quantifiable outcome

• IHSE group employs over 110 people and develops KVM technology with 35 years of experience at Lake Constance location
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• ERGOcoreStrategic or Co-development PartnerERGO is an insurance partner for Bikeleasing's company bike leasing operations in Austria, providing reliable protection for employees and employers alongside insurance partner Merkur.
• MerkurcoreStrategic or Co-development PartnerMerkur is an insurance partner for Bikeleasing's company bike leasing operations in Austria, providing comprehensive insurance coverage alongside ERGO for employees and employers.

Scale indicators12 records

Recent moves8 records

Expansion highlights4 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCMqvtrvrHOfLHRLZCcRUgHg
• LinkedInlinkedin.com/company/brockhaus-technologies-ag

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Brockhaus Technologies