MBB Projects

What MBB Projects does

MBB SE is a publicly listed German industrial holding company (Societas Europaea, ticker DE000A0ETBQ4) headquartered at Kurfürstendamm 188, Berlin, operating as a buy-and-build platform that owns six wholly-owned subsidiaries: Aumann (e-mobility, coil winding, and industrial automation), Friedrich Vorwerk (pipeline and plant construction for gas and electricity grids), DTS IT (cyber security, software, and cloud solutions), Delignit (system solutions based on renewable raw materials), Hanke Tissue (tissue and hygiene products), and CT Formpolster (mattresses and logistics for online retail). The group explicitly markets "German technological expertise" and a family-controlled Mittelstand governance model, with stated revenue of €1,100+ million, 4,000+ employees, and a 2,200%+ performance claim since IPO (company website). Leadership is anchored by Dr. Christof Nesemeier as Chairman of the Supervisory Board and Managing Director, alongside Managing Director Torben Teichler.

The business model is B2B project-based industrial sales executed independently by each subsidiary, with revenue generated through hardware, engineering services, and project delivery across regulated and industrial end markets. The primary stated customer segment is "European Infrastructure and Industrial Projects", spanning energy-transition infrastructure, industrial automation, IT/security services, sustainable materials, consumer tissue, and e-commerce logistics. Distribution is direct-to-customer at the subsidiary level, with no disclosed channel intermediaries; the parent operates investor-relations, annual general meetings, and quarterly earnings communications as its primary external interface.

In 2025 MBB SE executed a majority-stake acquisition of German drone manufacturer Quantum-Systems, expanding into autonomous aerial systems, and concurrently launched a share buyback program. Q1 2026 results reported a 40% adjusted EBITDA increase and the first crossing of €1 billion in equity, confirming guidance. Earlier M&A activity in the group includes Aumann (2015-11-19), MBB Fertigungstechnik (2012-03-09), and MBB Prom d.o.o. (2012-10-04).

Name

MBB Projects

Legal name

MBB SE

Website

https://mbb.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

MBB SE is a publicly listed Berlin-based German industrial holding company operating a buy-and-build platform of six subsidiaries across e-mobility, energy-grid construction, IT/cyber security, renewable materials, tissue, and e-commerce logistics, serving European infrastructure and industrial customers with €1.1B+ in revenue.

Ownership category

akta.pro rank

Product category

Industrial Project Management & Holding

NAICS

Miscellaneous Manufacturing (339)

akta.pro primary industry

Management Buyout / Management Buy-In (MBO/MBI) (FSANABAL)

Keywords

• Industrial holding company
• Project management services
• Subsidiary management
• Buy-and-build acquisitions
• Engineering services

Headquarters

HQ city

Zagreb

HQ country

Croatia

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Industrial Engineering and Manufacturing: MBB SE operates as a holding company with multiple subsidiaries generating revenue across diverse industrial sectors including e-mobility, pipeline construction, cybersecurity, renewable materials, tissue products, and online retail logistics.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

MBB Projects is a publicly listed project management and development company (stock symbol: fra:MBB), based in Zagreb, Croatia, that operates as an industrial holding company pursuing a buy-and-build strategy. It acquires and develops medium-sized industrial businesses across engineering, energy infrastructure, IT, sustainable materials, and consumer products, with a portfolio including Aumann, Friedrich Vorwerk, DTS IT, Delignit, Hanke Tissue, and CT Formpolster. The group generates €1,100+ million in revenue across approximately 4,000+ employees through both industrial product sales and engineering/project services.

Product overview

MBB SE is a German medium-sized, family-run holding company that operates as a buy-and-build platform. The company achieves superior growth through German technological expertise across substantial economic trends. MBB SE manages a portfolio of six subsidiaries: Aumann (e-mobility and automation), Friedrich Vorwerk (pipeline and plant construction for energy grids), DTS (cyber security and cloud solutions), Delignit (renewable material systems), Hanke Tissue (tissue and hygiene products), and CT Formpolster (mattresses and e-commerce logistics). These subsidiaries operate independently while benefiting from shared governance and the parent's acquisition strategy.

Differentiator

Problem solved

Functional benefit

Products and services

• Aumann Aumann is an operating subsidiary focused on e-mobility components and industrial coil winding machinery technology, serving automotive, EV, and industrial equipment customers globally.
• Friedrich Vorwerk Group Friedrich Vorwerk Group is an operating subsidiary specialized in pipeline and plant construction, serving energy infrastructure customers in gas and adjacent sectors.
• DTS DTS is an operating subsidiary providing software development and cloud application engineering services to enterprise customers, including cybersecurity-adjacent capabilities.
• Delignit Delignit is an operating subsidiary producing renewable raw materials and ecological wood-based products for industrial customers seeking sustainable component alternatives.
• Hanke Tissue Hanke Tissue is an operating subsidiary producing tissue products for consumer and industrial hygiene markets under its own brand positioning.
• CT Formpolster CT Formpolster is an operating subsidiary supplying mattresses and soft furniture products, also providing logistics support for online retail customers.
• MBB Fertigungstechnik MBB Fertigungstechnik is an operating subsidiary providing industrial CNC turning and milling services to industrial customers.
• MBB Prom d.o.o. MBB Prom d.o.o. is an operating subsidiary within the MBB Projects portfolio, with operations based in the project development company's broader industrial network.

Quantifiable outcome

• 40% increase in adjusted EBITDA in Q1 2026
• +1 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Quantum-SystemsmajorStrategic or Co-development Partner · 1 January 2025MBB SE acquired a majority stake in German drone manufacturer Quantum-Systems in 2025 as part of its buy-and-build strategy to reshape the portfolio and reposition for growth. This acquisition underscores the company's focus on expanding into drone technology and advanced manufacturing.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Indus Holding AG: German mid-market industrial holding company operating a buy-and-build platform across niche Mittelstand subsidiaries in similar end markets (engineering, plastics, construction supply). Comparable strategy, structure and target seller profile to MBB SE.
• Deutsche Beteiligungs AG (DBAG): Frankfurt-listed private equity firm focused on German mid-market buyouts. Closely comparable as a publicly listed German vehicle pursuing similar Mittelstand acquisition opportunities, with overlapping deal sourcing in the lower mid-market.
• Gesco AG: German mid-market industrial holding with a portfolio of niche industrial subsidiaries across varied sectors. Closely comparable structure: publicly listed family-influenced holding pursuing long-term ownership of Mittelstand companies.
• AURELIUS Equity Opportunities: Public German mid-market investor pursuing operational turnarounds and platform acquisitions in European industrials. Comparable in being a publicly listed acquisition-driven vehicle targeting established industrial Mittelstand businesses.

Regional players

• Stabilus SE: German-listed industrial motion control supplier serving automotive and industrial customers globally. Comparable as a successful German mid-cap industrial Mittelstand company, though product-focused rather than diversified holding structure.

Broad incumbents

• Knorr-Bremse AG: Global market leader in rail and truck braking systems with family-controlled governance and German Mittelstand heritage. Comparable governance and capital allocation philosophy, though at substantially larger scale and with concentrated product focus.
• Bilfinger SE: Major German engineering and industrial services group serving process industries across Europe. Comparable as a German-listed industrial services/engineering platform but with significantly larger scale and broader geographic reach than MBB's niche Mittelstand focus.

Emerging players

• Singulus Technologies AG: German-listed manufacturer of industrial machines for semiconductor, solar, and media technology. Comparable as a smaller-cap Frankfurt-listed German industrial technology company serving capital-intensive end markets; partial overlap in industrial equipment exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mbb-projects

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A3 records

Investments

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

Frequently asked questions about MBB Projects