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03/2026

HIPP TECHNOLOGY GROUP acquired by DEUTSCHE BETEILIGUNGS (DBAG)

GERMANY Life Sciences / Medical Devices / Implants & Prosthetics EV 100M - 350M EUR

Context

Deutsche Beteiligungs AG (DBAG) has entered into a definitive agreement to acquire a majority stake in Hipp Technology Group, marking a significant entry into the medical contract manufacturing space. The transaction involves the acquisition of the majority interest previously held by the Swiss investment firm Endura Capital, with the financing provided by DBAG Fund VIII. A critical component of the deal structure is the retention of a significant minority stake by the founder and CEO, Markus Hipp, ensuring leadership continuity and alignment of interests. The strategic rationale for the acquisition is the transformation of Hipp Technology into a central platform for a broader international consolidation strategy. DBAG intends to leverage the company’s technical reputation and prime location in the Tuttlingen MedTech cluster to acquire complementary technologies and expand its global market presence. This "buy-and-build" approach is designed to capitalize on the increasing demand for specialized outsourcing in robotic surgery and orthopedics. The partnership will focus on scaling the current production capacity across its five sites while pursuing inorganic growth opportunities in Europe and beyond, professionalizing the group to serve a larger international client base of medical device manufacturers.

HIPP TECHNOLOGY GROUP, which reported an EBITDA margin of in 2025, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Healthcare & Pharma sector (14.5x).

-> Deep-dive in Healthcare & Pharma market trends

Target

Hipp Technology Group is a highly specialized development partner and Contract Development and Manufacturing Organization (CDMO) for the medical technology industry. The company focuses on the high-precision manufacturing of orthopedic implants, surgical instruments, and complex robotic surgery systems. Beyond its core MedTech focus, Hipp serves high-end industrial sectors including aerospace, semiconductors, and industrial automation. Operating across five sites with approximately 350 employees, the group is a critical "Tier 1" supplier to global medical device OEMs. Its business model relies on deep engineering expertise and the ability to manufacture life-critical components with extreme tolerances, positioning it as a key beneficiary of the trend toward minimally invasive surgery and robotic-assisted procedures.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (EUR)

Year
Rev
EBITDA
EBIT
2025
2024

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REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 50M - 100M EUR

EBITDA range: 5M - 25M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of HIPP TECHNOLOGY GROUP by DEUTSCHE BETEILIGUNGS (DBAG) are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: hipp technology group

Acquirer: deutsche beteiligungs (dbag)