Annual Report
2014/2015
Capitalising strengths. Creating opportunities. Building value with an attractive portfolio and fund investment services.

Grohmann Engineering GmbH

Grohmann

PLANTS FOR INDUSTRIAL AUTOMATION

Grohmann Engineering develops and produces plants for automated manufacturing of sophisticated products and markets them worldwide. The plants are used in the semiconductor, electronics and automotive industries as well as the biotechnology and medical technology sectors, among others. The company works hand in hand with its customers and suppliers to pioneer key technologies, such as those required in the industrial production and assembly of lithium ion batteries or the industrial production of fuel cells.

The company benefits from the current trend towards process optimisation for the highly efficient mass production of technically sophisticated products or individual components of such products. The aim is to improve quality and safety standards, reduce material and manufacturing costs, enhance product variability and shorten throughput times. Grohmann supplies the necessary machines and plants to achieve this. Standard machines are rarely used, and the cost of developing new machines is often high.

POTENTIAL FOR DEVELOPMENT

Our investment in Grohmann stems from an expansion capital investment made in the 1990s. Since Deutsche Beteiligungs AG entered into the investment (none of DBAG’s funds have a stake in the company), the company’s revenues have grown by around six percent a year on average. Its customers’ industries have changed: lower order volumes from the telecommunications industry, for example, have been offset by business with customers in the biotechnology and medical technology industries. In recent years, Grohmann has benefitted from a focus on production processes in the information, communications and automotive industries.

Currently, the family-owned company has set its sights on the growth opportunities offered by the electromobility sector: Grohmann Engineering is considered the technology leader in plants for the industrial production of battery cells and modules.

2015 FINANCIAL YEAR

Grohmann started the year with a good order backlog, especially from the automotive industry, and an ambitious budget. Incoming orders in the first half of the year were slow, but accelerated significantly in the third quarter of the year and will exceed the budget. Overall, the company expects revenues to be up on the previous year and earnings to be slightly below last year's values in 2015.

OUTLOOK AND OBJECTIVES

Based on the high number of incoming orders in 2015, the company expects to continue its successful development in 2016. It aims to secure growth by permanently expanding its technological know-how and tapping new areas of application.

€2.1MN

INVESTMENT DBAG

Revenues in €mn
Revenues Grohmann

25.1%

EQUITY SHARE DBAG

EXPANSION CAPITAL INVESTMENT

TYPE OF INVESTMENT

December 1996

INITIAL INVESTMENT

790

Employees

Prüm (Germany), www.grohmann.com