ATON 2 GmbH

Name

ATON 2 GmbH

Legal name

ATON 2 GmbH

Website

https://aton.de

Company type

Private

Founded year

2001

Operating status

Operating

Ownership category

akta.pro rank

Product category

Diversified Investment Holding

NAICS

Engineering Services (541330), Motor and Generator Manufacturing (335312)

akta.pro primary industry

HoldCo / Permanent Capital ETA (FSANALAE)

Keywords

• Family-owned investment holding
• Industrial portfolio management
• Mobility engineering services
• Mobile C-arm imaging
• Underground mining services

Headquarters

HQ city

München

HQ country

Germany

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Returns & Dividends from Portfolio Companies: ATON 2 GmbH generates returns through dividends, interest income, and capital appreciation from its portfolio company investments. As a long-term investor with majority stakes (typically 50%+ equity ratio), the company benefits from the operating performance of subsidiaries across Engineering, Mining, Med Tech, Aviation, and Digital Services segments.
2. Asset Divestitures & Exit Transactions: ATON exits investments when strategic buyers can better secure companies and jobs long-term. Past exits include FFT GmbH & Co. KGaA (sold to FOSUN International, 2018/2019), HAEMA AG (sold to Grifols S.A., 2018), and World of Medicine GmbH (sold to Novanta Inc., 2017).

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

ATON 2 GmbH is a private, family-owned investment holding company that acquires and holds majority stakes in market-leading industrial companies across Engineering, Mining, Med Tech, Aviation, and Digital Services segments. It does not offer a single unified product; its offering is stewardship of an 11-company portfolio generating EUR 2.7 billion in 2024 group revenue. Portfolio companies independently deliver engineering services, mobile medical imaging, mining services, business aviation, electric drive systems, coating processes, automotive components, and fiberoptic infrastructure to enterprise customers worldwide.

Product overview

ATON 2 GmbH is a private investment company of the Helmig family operating a portfolio of companies across five business segments: Engineering (EDAG Group, ecoCOAT, Antriebssysteme Faurndau, Krebs & Aulich, Autotest Südtirol), Infrastructure/Mining (Redpath Mining, Murray & Roberts), Med Tech (Ziehm Imaging, AspiAir), Aviation (DC Aviation), and Digital Services (OneFiber). As a holding company, ATON does not offer a unified product or platform but rather holds majority stakes in specialized industrial, medical technology, and services companies. The portfolio focuses on innovation and market leadership in respective core businesses with emphasis on sustainable and profitable growth.

Differentiator

Problem solved

Functional benefit

Products and services

• EDAG Engineering Group AG

Named customers6 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• OrthoscancoreTechnology or Integration · 1 January 2017Since 2017, Ziehm Imaging (ATON portfolio company) holds full distribution rights for Orthoscan Mini-C-arms and serves as the official sales and service representative in Europe, the Middle East, and Africa. Orthoscan is the global market leader in the mini C-arm segment. Mini-C-arms are used in orthopedic surgery and for digital diagnostic imaging in offices and clinical environments, offering fluoroscopy of extremities at minimized dose with lightweight, easily maneuverable systems.

Scale indicators15 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Heraeus Holding GmbH: Privately held German family-owned technology group (Heraeus family) operating in precious metals, electronics, and healthcare. Comparable to ATON as a long-term, family-controlled industrial/technology holding with portfolio operating companies and a focus on specialty B2B markets.
• Voith GmbH & Co. KGaA: Family-owned (Voith family) German industrial technology company in hydropower, paper machinery, and drive technology. Similar to ATON as a long-term family-controlled industrial group with global operations in engineering and infrastructure-heavy markets.
• TRUMPF Group: German family-owned (Leibinger family) machine tool and laser technology company with diversified industrial subsidiaries. Comparable to ATON for family ownership, long-term orientation, and combination of manufacturing depth with engineering innovation in industrial B2B markets.
• Franz Haniel & Cie. GmbH: German family-owned diversified investment holding company (Haniel family) with portfolio spanning industrial services, pharma, and consumer businesses. Closely comparable to ATON in structure: long-term patient capital, German Mittelstand heritage, and active portfolio management of mid-sized operating companies.
• Körber AG: Hamburg-based family-owned industrial holding (Körber Foundation) with operating businesses in machinery, pharma, tissue, and digital segments. Directly comparable to ATON as a long-horizon German family holding that invests in technology-driven industrial niches.

Emerging players

• Schaeffler / Continental Peer Set - Mutares SE & Co. KGaA: Frankfurt-listed German mid-market investment holding acquiring carve-outs and underperforming industrial companies. Comparable to ATON as a German industrial acquirer of operating businesses, though with a public listing, shorter hold period philosophy, and different scale.

Broad incumbents

• Schaeffler AG: Family-influenced (Schaeffler family) German automotive and industrial supplier listed on the Frankfurt Stock Exchange. Comparable to ATON for family ownership influence, automotive industry exposure via EDAG-style engineering, and industrial components businesses.
• Bertelsmann SE & Co. KGaA: Family-owned (Mohn family) German media, services, and education holding. Comparable to ATON in long-term family ownership and holding-company model operating multiple portfolio businesses, though in different end markets.
• Robert Bosch GmbH: Larger German industrial conglomerate majority-owned by a foundation (Bosch family legacy). Comparable to ATON in long-term family/foundation ownership, mobility and industrial technology focus, and global scale; broader scope than ATON's portfolio.
• Wacker Chemie AG: Family-influenced (Wacker family stake) German specialty chemicals and semiconductor materials group. Comparable to ATON as a DACH family-influenced industrial group with specialty materials exposure, though publicly listed and far larger.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

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 ATON 2 GmbH