Schaltbau Holding AG
Schaltbau Holding AG is a Munich-based industrial group supplying safety-critical DC electromechanical components, door and boarding systems, and rail infrastructure safety products to rail operators, rolling stock OEMs, bus manufacturers, and automotive customers including Volkswagen/MOIA, with operations across Europe, Asia, and North America.
- Company typePublic
- Founded1929
- HeadquartersMunich, Germany
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Schaltbau Holding AG does
Schaltbau Holding AG is a Munich-based industrial holding company founded in 1929, supplying safety-critical electromechanical components and systems for rail, energy, and e-mobility applications. The group operates three core brands: Schaltbau (DC contactors, connectors, and switching systems with a focus on direct current technology for rail, new energy, and e-mobility), Bode (door and boarding systems, interior fit-outs for buses, trains, and electric vehicles), and Pintsch (railway infrastructure safety products including level crossing technology, signalling, interlockings, axle counting, point machines, and point heating). The company also historically operated SBRS, an e-bus fast-charging infrastructure business, which was divested to Shell in 2022. Schaltbau went public on the Frankfurt Stock Exchange under ticker SLT (ISIN DE0007170300) and in December 2021 entered a domination and profit and loss agreement with Carlyle's Voltage BidCo, which controls the company today.
The group's business model is B2B enterprise sales of capital equipment and components, with unit economics driven by project-based specifications rather than subscription software. Customers include rail operators, rolling stock manufacturers, bus OEMs (Solaris, VDL), automotive OEMs (Volkswagen/MOIA), and municipal utilities procuring e-bus charging infrastructure. Sales are conducted through directly employed subsidiary sales teams and a global network of manufacturing and sales offices across Europe, Asia, and North America. Pricing is custom-quoted per specification, with no public pricing. Reported revenue was EUR 516.5 million in 2017, with 2019 like-for-like guidance of EUR 480-500 million after divestitures of Sepsa and Alte, and EBIT margin guidance of 5-6%. Under Carlyle ownership, the company has actively reshaped its portfolio, divesting Pintsch Bubenzer (2018), Alte (2019), Sepsa (2019), SBRS to Shell (2022), GEZ Rail Solutions (2022), and most recently BODE to Waterland (May 2026), while consolidating ownership of SPII S.p.A. (Italy) in 2022. The current group is therefore a more focused direct-current and rail infrastructure components business with reported staffing of over 1,000 employees worldwide.
Schaltbau Holding AG firmographics
Firmographics- Name
- Schaltbau Holding AG
- Legal name
- Schaltbau Holding AG
- Website
- https://schaltbaugroup.com
- Company type
- Public
- Founded year
- 1929
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Schaltbau Holding AG is a Munich-based industrial group supplying safety-critical DC electromechanical components, door and boarding systems, and rail infrastructure safety products to rail operators, rolling stock OEMs, bus manufacturers, and automotive customers including Volkswagen/MOIA, with operations across Europe, Asia, and North America.
- Ownership category
- akta.pro rank
Schaltbau Holding AG industry classification
Industry- Product category
- Rail Transportation Equipment
- NAICS
- Relay and Industrial Control Manufacturing (335314), Switchgear and Switchboard Apparatus Manufacturing (335313)
- SIC
- Switchgear & Switchboard Apparatus (3613), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Electromechanical Components (Relays, Switches, Potentiometers, Encoders) (IMAGAJAB)
- akta.pro secondary industries
- Cable Accessories & Joints/Terminations (splices, joints, terminations, link boxes) (EUADADAC), Circuit Protection Devices (MCBs, MCCBs, ACBs, fuses, RCD/GFCI, surge protection) (IMAGAEAB), Protection, Control & SCADA/Automation Installation (Relay Panels, RTUs) (IMAFAHAF), Charging Infrastructure Components (connectors, cables, dispensers, payment/controls) (IMAGAHAH)
Keywords
Where Schaltbau Holding AG is headquartered
LocationHeadquarters
- HQ city
- Munich
- HQ country
- Germany
- HQ region
- Europe
Offices20 records
Markets served
Schaltbau Holding AG business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Components and Systems Sales: Sale of electromechanical components including contactors, connectors, switches, door systems, and safety components to rail, automotive, and industrial customers. Revenue is primarily from product sales with some project-based installations.
- Railway Infrastructure Products: Supply of complete level crossing systems, signal technology, point machines, and station infrastructure products to rail operators and infrastructure companies.
- E-Mobility Charging Infrastructure: Sale and installation of charging infrastructure for electric buses, including fast-charging stations and depot charging solutions, provided through subsidiary SBRS.
- Professional Services: Engineering and integration services for complex projects, particularly in door systems and charging infrastructure installation.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Schaltbau Holding AG product offering
Product offeringCore offering
Schaltbau Holding AG manufactures and sells safety-critical electromechanical components and systems for rail, energy, and e-mobility through three core brands: Schaltbau (DC contactors, connectors, and switching systems for rail and DC power applications), Bode (door and boarding systems plus interior fit-outs for buses, trains and electric vehicles), and Pintsch (safety products for railway infrastructure including level crossings, signalling, point machines and interlockings). The Group also supplies e-bus charging infrastructure through SBRS.
Product overview
Schaltbau Holding AG operates as a holding company with three core brands: Schaltbau (electromechanical DC components including contactors, connectors, and switching systems), Bode (door and boarding systems for buses, trains, and electric vehicles), and Pintsch (railway infrastructure safety products including level crossings, signalling, and point systems). The Group also includes SBRS, which provides e-bus charging infrastructure. These product lines serve the rail, energy, e-mobility, and industrial sectors, with products ranging from DC switching technology and vehicle door systems to complete rail infrastructure solutions and electric vehicle charging stations.
Differentiator
Problem solved
Functional benefit
Brands
- Schaltbau: Electromechanical components relevant for safety including contactors, connectors and switching systems with focus on direct current technology (DC technology) for rail industry and markets of New Energy/New Industry and e-Mobility.
- BODE
- PINTSCH
- SBRS
Products and services
- Schaltbau Electromechanical Components Electromechanical components relevant for safety, including contactors, connectors, and switching systems with a focus on direct current (DC) technology. Serves the rail industry and the markets of New Energy/New Industry and e-Mobility.
- BODE Door and Boarding Systems Innovative, smart integrated door and boarding systems for buses, trains, and electric vehicles, as well as interior fit-outs for road and rail vehicles. Includes sliding door components and electric drive units supplied to OEMs such as Volkswagen/MOIA.
- Pintsch Railway Infrastructure Safety Products Specialist safety products for railway infrastructure including level crossing technology, signalling and security technology, interlockings, conveying technology, axle counting technology, point machines, and point heating systems.
- SBRS E-Bus Charging Infrastructure Charging infrastructure solutions for electric buses including SEB-series fast-charging stations (SEB-2), depot chargers, and charging mast systems, provided to municipal utilities and transit operators for e-bus fleets. Note: SBRS was sold to Shell in August 2022.
Quantifiable outcome
- EBIT margin of 6.3% of revenue achieved in Q2 2019 like-for-like
- +3 more outcomes
Companies that use Schaltbau Holding AG
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Schaltbau Holding AG technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Schaltbau Holding AG partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered strategic and core.
- BrosestrategicBrose and Schaltbau subsidiary Bode signed cooperation agreement to jointly develop innovative boarding systems for automated minibuses (people movers). Brose contributes mechatronic expertise for passenger car doors including mechanics, electrics, sensors and electronics. Bode contributes expertise for bus and train boarding systems. The partnership aims to develop smart boarding systems with digital access management and obstacle detection for autonomous shuttle buses.
- SolariscorePolish bus manufacturer Solaris cooperates with Schaltbau subsidiary SBRS to equip electric bus lines for Italian operator ACTV SPA Venezia. Solaris supplies 30 Urbino 12 electric buses, SBRS provides charging infrastructure including nine SEB-type fast charging devices. Buses will replace diesel fleet on Venice islands of Lido and Pellestrina.
- VDL Bus & CoachcoreVDL Bus & Coach and SBRS partnered for e-bus charging infrastructure in Osnabrück. VDL supplies battery-driven articulated e-buses, SBRS delivers charging infrastructure including fast-charging stations at bus termini and depot chargers. Partnership covers 62 electric buses forming Germany's largest all-electric articulated bus fleet.
- Volkswagen AG / MOIAcoreBode GmbH supplies Volkswagen exclusively with electric drive units and sliding door components for the linear sliding door system of VW's MOIA ride-sharing vehicle. Bode developed components specifically for this vehicle leveraging long experience in designing and manufacturing sliding door parts for VW. MOIA is VW's shared taxi concept launched in Hanover (2018) and Hamburg (2019).
Scale indicators14 records
Recent moves12 records
Expansion highlights5 records
Schaltbau Holding AG competitors and assessment
Company assessmentBroad incumbents
- Alstom SA: Global rolling stock and rail infrastructure systems integrator; both a customer for Schaltbau components and a competitor in signaling/infrastructure via its own signaling and infrastructure portfolio.
- Eaton Corporation: Large diversified industrial manufacturer with substantial electrical components business including contactors, circuit protection, and switching devices. Competes with Schaltbau in DC switching and contactor applications across industrial and e-mobility markets.
- ABB Ltd: Global electrical equipment giant with substantial rail electrification, DC switching, and industrial components portfolios. Directly competes with Schaltbau in contactors and DC switching applications but operates at vastly larger scale with broader product range.
- Schneider Electric: Global specialist in energy management and automation with industrial control, contactors, and electrical distribution products. Adjacent competitor to Schaltbau in industrial switching and energy infrastructure applications.
- Siemens Mobility: Major rail systems and infrastructure provider offering rolling stock components, signaling, and electrification solutions. Overlaps with both Pintsch (signaling) and Schaltbau (rolling stock components) but as part of a much wider portfolio.
Direct peers
- Knorr-Bremse AG: Global leader in rail braking and other safety-critical on-board systems, plus increasingly rail infrastructure signaling. Closest peer to Pintsch in safety-critical rail infrastructure and to broader Schaltbau rail-systems exposure.
- Mersen SA: French industrial group specializing in electrical components for power management including contactors, fuses, and DC protection. Closest mid-cap pure-play peer to Schaltbau in DC electrical switching and rail applications.
- Wabtec Corporation: Major rail equipment supplier providing rolling stock components, signaling, and infrastructure products globally. Direct competitor to both Schaltbau rolling stock components and Pintsch rail infrastructure offerings.
- TE Connectivity: Global leader in electronic connectors and sensors serving rail, industrial, automotive, and energy markets. Direct competitor to Schaltbau's connector product line in rail and industrial applications.
- Stäubli International AG: Swiss manufacturer of electrical connectors, robotics, and textile machinery with strong rail and e-mobility connector portfolio. Direct competitor to Schaltbau in safety-critical rail connectors and contactor products.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Schaltbau Holding AG social profiles
Digital presenceSchaltbau Holding AG financial estimates
Financial estimateRevenue estimate
Valuation estimate
Schaltbau Holding AG leadership team
Management profileNumber of profiles
Profiles6 records
Schaltbau Holding AG subsidiaries and ownership
Company hierarchySubsidiaries28 records
Schaltbau Holding AG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Schaltbau Holding AG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Schaltbau Holding AG
What does Schaltbau Holding AG do?
Schaltbau Holding AG manufactures and sells safety-critical electromechanical components and systems for rail, energy, and e-mobility through three core brands: Schaltbau (DC contactors, connectors, and switching systems for rail and DC power applications), Bode (door and boarding systems plus interior fit-outs for buses, trains and electric vehicles), and Pintsch (safety products for railway infrastructure including level crossings, signalling, point machines and interlockings). The Group also supplies e-bus charging infrastructure through SBRS.
Is Schaltbau Holding AG a public or private company?
Schaltbau Holding AG is a public company. It is classified as private equity controlled and is currently operating.
When was Schaltbau Holding AG founded?
Schaltbau Holding AG was founded in 1929. It employs 11 to 50 people.
Where is Schaltbau Holding AG based?
Schaltbau Holding AG is headquartered in Munich, Germany, in the Europe region.
How does Schaltbau Holding AG make money?
Four revenue lines are on record. Components and Systems Sales are the primary driver. The others are railway Infrastructure Products, E-Mobility Charging Infrastructure and professional Services.
Who are Schaltbau Holding AG's main competitors?
Broad incumbents on record are Alstom SA, Eaton Corporation, ABB Ltd, Schneider Electric and Siemens Mobility. Direct peers are Knorr-Bremse AG, Mersen SA, Wabtec Corporation, TE Connectivity and Stäubli International AG.
Does Schaltbau Holding AG have an API?
No public API is recorded for Schaltbau Holding AG.
What industry is Schaltbau Holding AG in?
Schaltbau Holding AG's product category is Rail Transportation Equipment. Its primary akta.pro industry code is IMAGAJAB, Electromechanical Components (Relays, Switches, Potentiometers, Encoders), with a secondary code of EUADADAC, Cable Accessories & Joints/Terminations (splices, joints, terminations, link boxes). Its NAICS code is 335314 and its SIC code is 3613.