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M&A

NOVIA GROUP

Acquired by

BUFAB

GERMANY Industrial Services EV [1m EUR - 100m EUR] 10/2025

Target

NOVIA GROUP

Acquirer

BUFAB

Context

Bufab AB has entered into a definitive agreement to acquire approximately 99% of Novia Group from the German investment company Family Trust. To ensure long-term performance alignment, the deal includes a performance-based earn-out of up to €10 million, payable between 2026 and 2028. Following the closing, Managing Director Markus Bauer will retain a 1% minority stake and continue to lead the company as a separate business unit within Bufab’s "Europe West" region. The strategic rationale for this platform acquisition is to add specialized global sourcing and "cost-down" engineering capabilities to Bufab’s portfolio. Novia Group brings a highly attractive position in the value chain, particularly through its assembly services and its exposure to high-growth sectors like MedTech and Solar. The deal is expected to be immediately accretive, as Novia’s operating margins significantly exceed Bufab’s internal 2026 profitability targets. For Bufab, the acquisition offers a foundation for further add-on acquisitions in the fragmented German sourcing market. For Novia Group, joining Bufab provides access to a global distribution network and industry-leading best practices while allowing the team to scale its specialized sourcing mission across a broader international customer base.

Target

Novia Group is a German expert provider of global sourcing solutions and specialized engineering services. The company operates a high-value business model focused on achieving cost savings for a diverse, high-profile customer base across sectors such as MedTech, energy, solar, and sanitary fittings. Its value proposition centers on "cost-down" engineering and optimized supply chain management, offering deep downstream integration through additional capabilities like assembly services. Novia Group maintains an international footprint with approximately 150 employees and operations in Germany, Switzerland, China, and Vietnam. The group’s strategy emphasizes customer retention through high-value technical integration and global sourcing excellence. By acting as a specialized intermediary that ensures both procurement efficiency and technical quality, Novia Group has achieved superior profitability and significant growth, positioning itself as a critical strategic partner for European industrial manufacturers seeking global supply chain resilience and cost optimization.

Ent. Value

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Equity Value

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Multiples Analysis

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (EUR)

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EBITDA
EBIT
2025
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2024
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Other operations with NOVIA GROUP