Pva Tepla Ag

What Pva Tepla Ag does

PVA TePla AG is a German high-tech equipment manufacturer founded in 1991 and headquartered in Wettenberg, Germany, operating two integrated business lines: Metrology systems for wafer and component inspection, and Material Solutions for crystal growth and vacuum-based material processing. The Metrology portfolio spans acoustic microscopy, scanning infrared depolarization, hyperspectral vision (VEpioneer with AI-enabled VEsolve Pro software), ellipsometry (LuXpector THEA), vapor phase decomposition, and the DIMENSION wafer geometry platform for 200mm and 300mm lines. The Material Solutions portfolio covers crystal growth systems using Czochralski, Float Zone, Physical Vapor Transport, and Vertical Gradient Freeze processes — central to silicon, silicon carbide (SiC), and gallium nitride wafer production — alongside chemical vapor deposition/infiltration, sintering, diffusion bonding, brazing, purification, and plasma surface treatment. The company is a critical upstream supplier for the SiC power electronics value chain, serving semiconductor, energy, aerospace/defense, automotive, and medical industries.

PVA TePla generates the majority of revenue from customized, quote-based capital equipment sales with long delivery and acceptance cycles, supplemented by recurring aftermarket services (life cycle service, spare parts, contract processing, metrology services). Distribution is direct via 14 wholly-owned subsidiaries across Germany, France, Italy, the United States, China, Singapore, Taiwan, and Korea, with technical sales teams co-located near major semiconductor hubs. Pricing is project-specific and not publicly disclosed. In FY2025 the company reported approximately EUR 244 million in revenue (down from EUR 270.1M in FY2024) and EUR 25M EBITDA, while order intake surged 78% YoY to EUR 268M with a Q4 2025 book-to-bill of 1.3x. Management guides FY2026 revenue to EUR 255-275M and expects FY2027 to materially exceed EUR 300M, with a medium-term EUR 500M target.

The company is publicly listed on the S-DAX (ISIN DE0007461006), trades on XETRA and Tradegate, and is approximately 1,000 employees worldwide. Leadership comprises CEO Jalin Ketter and CFO Markus Groß. Morgan Stanley disclosed a 5.88% voting stake as of June 2026. The competitive position rests on three decades of process expertise in vacuum, high-temperature, and plasma technologies, the European Technology Hub R&D facility (>1,000 m² shopfloor, 500 m² lab space), and structural exposure to SiC, EV power electronics, and advanced semiconductor packaging growth markets.

Name

Pva Tepla Ag

Legal name

PVA TePla AG

Website

https://pvatepla.com

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

501–1,000 employees

Short description

PVA TePla AG is a German high-tech equipment manufacturer (S-DAX listed, ~1,000 employees) producing metrology systems and crystal growth equipment for semiconductor, SiC power electronics, energy, aerospace, automotive, and medical customers globally.

Ownership category

akta.pro rank

Headquarters

HQ city

Wettenberg

HQ country

Germany

HQ region

Europe

Offices14 records

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: PVA TePla generates the majority of revenue from designing, manufacturing, and selling customized high-tech equipment systems for material production, processing, and inspection. Equipment orders are typically large-capex transactions with long delivery and acceptance cycles. The company reported order intake of approximately EUR 268 million in FY2025 with a book-to-bill ratio above 1.
2. Services and Support: Aftermarket services including life cycle service (preventive maintenance, spare parts, system upgrades), contract services (vacuum processing, metrology services, plasma application support), and training. Services provide recurring revenue streams from the installed base of equipment.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

PVA TePla AG designs, manufactures, and sells customized high-tech capital equipment for crystal growth, vacuum material processing, and wafer/component inspection, primarily serving semiconductor, power electronics, energy, aerospace/defense, automotive, and medical customers. The company operates two core platforms, Metrology and Material Solutions, complemented by recurring life-cycle and contract services spanning preventive maintenance, spare parts, system upgrades, vacuum brazing, diffusion bonding, metrology, and plasma application support.

Product overview

PVA TePla AG is a German high-tech equipment manufacturer offering two main product categories: Metrology systems for wafer and component inspection, and Material Solutions for crystal growth and material processing. The Metrology portfolio includes LuXpector THEA (thin film ellipsometry), VEpioneer (hyperspectral vision with AI), SIRD SiC 200 (stress measurement for SiC), DIMENSION (wafer geometry inspection), Scanning Acoustic Microscopy, and Vapor Phase Decomposition. The Material Solutions portfolio includes Crystal Growth systems (Czochralski, Float Zone, Physical Vapor Transport, Vertical Gradient Freeze), Chemical Vapor Deposition/Infiltration, Sintering, Purification, Diffusion Bonding, and Brazing. The company also offers contract services including vacuum processing, metrology services, and plasma application support through its global operations.

Differentiator

Problem solved

Functional benefit

Products and services

• LuXpector THEA High-throughput automated thin film measurement system combining ellipsometry and reflectometry for accurate thin-film characterization in semiconductor manufacturing, designed for both R&D and production environments.
• VEpioneer World's first fully integrated one-button bench-top Hyperspectral Vision system with AI-equipped VEsolve Pro software for fast, comprehensive, and non-destructive semiconductor wafer inspection.
• SIRD SiC 200 Scanning Infrared Depolarization system specialized for silicon carbide substrates and epitaxial layers, providing quantitative monitoring of growth- and process-induced stresses and defects for SiC manufacturing quality assurance; ≥0.1 kPa in-plane shear stress sensitivity and up to 15 wafers per hour throughput.
• DIMENSION Metrology System High-precision wafer inspection platform designed for automated 200mm and 300mm semiconductor fabrication lines, measuring wafer geometry, flatness, thickness, and bow with nanometer-level resolution for process control in chip manufacturing.
• Crystal Growth Systems Systems for growing semiconductor crystals using Czochralski Process, Float Zone, Physical Vapor Transport (PVT), and Vertical Gradient Freeze (VGF) technologies for silicon, silicon carbide (SiC), gallium nitride (GaN), and other semiconductor materials.
• Scanning Acoustic Microscopy Systems Non-destructive inspection technology for wafer and component analysis using acoustic waves to detect internal defects and structural anomalies.
• Chemical Vapor Deposition and Infiltration Systems Systems for chemical vapor deposition, chemical vapor infiltration, and fluidized bed processes used for material coating and composite manufacturing.
• Plasma Surface Treatment Systems Surface treatment solutions including pulse plasma nitriding, plasma frontend and backend processing, and atmospheric plasma cleaning and activation for material surface modification.
• Vapor Phase Decomposition Systems Wafer inspection technique for chemical analysis and contamination detection on semiconductor wafer surfaces.
• Sintering Systems High-pressure sintering and vacuum sintering systems for material densification and advanced manufacturing processes.
• Diffusion Bonding Systems Solid-state bonding technology for joining materials at elevated temperatures without melting.
• Purification Systems Material purification technologies including fluoride ion cleaning and graphite purification for high-purity semiconductor materials.
• Brazing Systems Vacuum brazing systems and services for metal joining in semiconductor and industrial applications.
• Life Cycle Service Aftermarket life-cycle services including Service Level Agreements, First Level Support, Spare Parts Management, Preventive Inspection, Training, and System Upgrades for the installed base of PVA TePla equipment.
• Contract Services Contract services including vacuum process technology (vacuum brazing, diffusion bonding, vacuum heat treatment, engineering), metrology services (scanning acoustic microscopy, scanning infrared depolarization), and plasma application and process support.

Quantifiable outcome

• SiC wafer stress sensitivity ≥0.1 kPa in-plane shear stress
• +3 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature6 records

Partnerships

One partnership is on record.

• Leading Research InstitutionscoreStrategic or Co-development PartnerPVA TePla collaborates with external research institutions through its Technology Hub for joint development and industrialization of future technologies. External partners gain access to application expertise, system technology, and deep process understanding across the entire value chain for feasibility studies, joint research projects, and long-term development partnerships.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• KLA Corporation: Global leader in semiconductor process control and yield management, providing wafer inspection and metrology systems. Closest peer to PVA TePla's metrology portfolio (acoustic, optical, ellipsometry-based inspection).
• ASM International: Dutch semiconductor equipment company specializing in deposition technologies (ALD, epitaxy, PECVD) for advanced nodes and compound semiconductors. Comparable on epitaxial and CVD equipment serving semiconductor wafer manufacturers.
• Onto Innovation: US semiconductor metrology and inspection company providing wafer defect and thin-film measurement tools. Comparable to PVA TePla's wafer inspection and thin-film characterization products.
• Oxford Instruments plc: UK-based provider of high-technology tools including plasma processing, etching, deposition, and analytical systems for semiconductor and advanced materials. Comparable on vacuum/plasma processing and analytical equipment for SiC and compound semiconductor customers.
• Veeco Instruments: US-based equipment manufacturer of MOCVD, ion beam, and crystal growth systems used in compound semiconductor and photonics manufacturing. Directly comparable on crystal growth and thin-film deposition for advanced materials.
• Aixtron SE: German semiconductor equipment maker specializing in MOCVD and crystal growth systems for compound semiconductors including SiC and GaN. Most direct comparable given overlapping German base, SiC tool focus, and semiconductor customer base.

Broad incumbents

• Advanced Energy Industries: US supplier of precision power conversion, RF, and thermal management products for semiconductor equipment and industrial customers. Adjacent peer serving SiC power electronics manufacturing equipment.
• Tokyo Electron Limited: One of the largest global semiconductor equipment manufacturers providing deposition, etch, and cleaning tools. Overlaps with PVA TePla in serving semiconductor fabs but at vastly broader portfolio scale.
• Applied Materials: Largest semiconductor equipment maker globally, with deposition, etch, inspection, and CMP tools. Competes broadly in the fab equipment market, including adjacent inspection/metrology segments relevant to PVA TePla.

Emerging players

• CVD Equipment Corporation: Smaller US equipment manufacturer offering CVD, PECVD, and ALD systems for semiconductor, energy, and aerospace customers. Comparable on chemical vapor deposition and material processing systems, though at smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights4 records

Customer concentration

• TikToktiktok.com/@pvatepla

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries19 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Pva Tepla Ag