NOVIA GROUP acquired by 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.
By taking control of Novia Group, Bufab continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Vital in 2024.
NOVIA GROUP, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Business Services sector (11.1x).
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
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.
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Historical Financials (EUR)
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REFERENCES
Valuation range: EV 50M - 150M EUR
Revenue range: 50M - 100M EUR
EBITDA range: 5M - 25M EUR
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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: novia group