Deal-Radar DACH, Week 45/2026

Acquisitions by companies owned by a financial investor. The investor is named with each deal.

1. 45-001DE
   ORA Ostrauer Recycling und AbfallwirtschaftAdd-on

   Grimma · Demolition, recycling and waste disposal

   CirQono, a portfolio company of Deutsche Private Equity, acquires ORA Ostrauer Recycling und Abfallwirtschaft GmbH from Grimma. ORA operates in demolition, recycling and waste disposal, with a focus on construction services for rail infrastructure, and employs around 25 people.

   Buyer

   CirQono

   Investor

   DPE

   Source: dpe.defirst reported 02/11/2026

Companies buy companies, families hand over, corporates sell parts of their business.

1. 45-003AT
   Pinzgau MilchMerger

   Dairy, milk processing

   The Austrian dairies Salzburgmilch and Pinzgau Milch complete their merger. The text provided gives no details on terms or structure.

   Buyer

   Salzburgmilch

   Source: lebensmittelzeitung.netfirst reported 02/11/2026

Asset deals out of insolvency and purchases from self-administration proceedings.

1. 45-004DE
   Evangelische Dienste LilienthalInsolvency

   Lilienthal · Nursing homes, outpatient care, nursing school

   Coreh Care Holding GmbH acquires Evangelische Dienste Lilienthal gGmbH and Parkstift Osterholz gGmbH out of debtor-in-possession proceedings. The group operates four nursing homes in Lower Saxony, an outpatient care service, a day care facility and a school for curative education nursing, with around 350 employees.

   Buyer

   Coreh Care Holding GmbH

   Advisers

   GÖRG (Sell-side, Sanierungsgeschäftsführung), Puke Dresen Mall (betriebswirtschaftliche Begleitung), KÖSTERBERNER Sanierungsrecht (Sachwaltung)

   Source: der-indat.defirst reported 02/11/2026
2. 45-006DE
   SanicareInsolvency

   Mail-order pharmacy

   Pharmacist Dirk Düvel, owner of the mail-order company Besamex, acquires the brand and domain rights to Sanicare, Aliva and Homöopathiefuchs from the insolvent BS-Apotheken OHG. Sanicare is a mail-order pharmacy with around 1.6 million customers.

   Buyer

   Dirk Düvel (Besamex)

   Seller

   Christoph Bertram und Heinrich Meyer (insolvente Sanicare-Gruppe)

   Source: apotheke-adhoc.defirst reported 02/11/2026
3. 45-007DE
   Stahlbau KaiserInsolvency

   Peiting · Bridge railings and noise barriers, steel construction

   The newly founded Oberland Safety Systems GmbH takes over the business operations of Stahlbau Kaiser in Peiting through a transferring restructuring. The company manufactures bridge railings and noise barriers, and all 29 jobs and the site are retained.

   Buyer

   Oberland Safety Systems GmbH

   Seller

   Insolvenzverwalter Dr. Robert Hänel (Anchor Rechtsanwälte) für den bisherigen Inhaber Markus Kaiser

   Source: der-indat.defirst reported 02/11/2026

Acquisitions where the target is based outside Germany, Austria and Switzerland.

1. 45-008FR
   ProtechnologiesStrategic

   Vehicle inspection centre network (Mon Contrôle Technique)

   SGS acquires the French specialist Protechnologies, which supports independent vehicle inspection centres in setting up and operating. Under the brand Mon Contrôle Technique, the company operates a network of 550 inspection centres in France.

   Buyer

   SGS

   Source: moneycab.comfirst reported 02/11/2026
2. 45-009FR
   Trèves GroupStrategic

   Automotive supplier, interior components

   Autoneum, Winterthur, acquires the French Trèves Group, which makes car interior parts for thermal and acoustic insulation. The purchase price is a maximum of €64m, and closing is expected early in the first quarter of 2027.

   Buyer

   Autoneum

   Source: cash.chfirst reported 02/11/2026

Start-ups and young growth companies raise capital. These are not acquisitions, so they have their own block.

1. 45-011DE
   Marble CognitionFunding round

   München · AI agents for process automation

   The Munich startup Marble Cognition raises $3.75m in a pre-seed round led by Heartcore Capital and Seedcamp. Marble develops AI agents that observe workflows in companies and then take them over autonomously.

   Investor

   Heartcore Capital

   Source: startbase.defirst reported 02/11/2026
2. 45-040DE
   HypersonicaFunding round

   München

   Investor

   Lightspeed und General Catalyst

   Source: tech.eufirst reported 02/11/2026

Reported before 02/11/2026 and only now picked up by my sources. Details and source on the deal page.