BREGAL UNTERNEHMERKAPITAL takes majority stake in MDT technologies
Context
IK Partners announced in July 2026 that it had signed an agreement to sell MDT technologies, a German specialist in building automation, to funds advised by Bregal Unternehmerkapital (BU). The transaction marks the exit of IK VIII, which had partnered with MDT since acquiring a stake in March 2020. For BU, the acquisition represents an external growth investment aimed at strengthening its exposure to building technology solutions. MDT provides a specialised platform focused on KNX-based equipment, combining hardware components, sensors and software solutions. The transaction is expected to support the company's continued international expansion beyond the DACH region, broaden its product portfolio and strengthen its technological capabilities. The manufacturing platform developed under IK's ownership also provides increased production capacity to support future growth. Following completion, MDT is expected to pursue further development across three main areas: geographic expansion, continued enhancement of its hardware and software portfolio, and complementary acquisitions. BU intends to support the company through this next phase while continuing investment in innovation, manufacturing capabilities and commercial resources. The transaction therefore provides continuity for MDT's growth strategy while giving the company additional resources to accelerate its international development.
MDT technologies, which reported an EBITDA margin of LOGIN in 2026, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level to compare with the average currently observed in the Industry & Manufacturing sector (11.6x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
MDT technologies is a German manufacturer specialising in building automation solutions based on the KNX standard. Founded in 1984 and headquartered in Engelskirchen, the company develops a portfolio of wired and wireless components, high-end sensors and cloud-enabled management solutions that automate functions including heating, ventilation and lighting in residential and commercial buildings. Its operating model is supported by a high degree of in-house manufacturing, with more than 95% of products produced internally, as well as a network of distribution and installation partners with strong customer loyalty. MDT employs approximately 250 people and has an expanding commercial presence across Europe, India and the Middle East. Since 2020, the company has strengthened its product portfolio and technological capabilities through the acquisitions of Tense, Tapko and Apricum, while expanding its industrial capacity through a new headquarters and highly automated manufacturing facility in Engelskirchen. Continued investment in innovation, international expansion, sustainability and organisational capabilities has strengthened MDT’s position in the European building automation market and supports its continued international growth.
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Target: mdt technologies
Acquirer: bregal unternehmerkapital