Late additionCarve-out

Mutares acquires TREPEL und MAFI

Tauberbischofsheim, Germany

Deal-Radar editorial team · responsible:

late addition, source dated 02 Sept 2026: deutsche-boerse.com

SourcingClub was not involved in this transaction.

How the deal fits together.

  1. NDW Maschinenbau Holding GmbHSeller
  2. TREPEL und MAFITarget
  3. Buyer: Mutares

Who was involved.

Buyer
Mutares
Target
TREPEL und MAFI, Tauberbischofsheim
Seller
NDW Maschinenbau Holding GmbH
Type
Carve-out
Sector
Industrials and engineering
Country
Germany
Source dated
02/09/2026

Deal-Radar no. 46-169 · added in Week 46/2026, first reported on 02/09/2026 · publicly reported, no guarantee · SourcingClub was not involved in this transaction. Report an error · Sources and limits

We report publicly announced information and link the source; we accept no liability for its accuracy. No offer and no investment, legal or tax advice. The operators of linked pages are responsible for their content. We correct errors as soon as we learn of them. The context is based only on deals recorded in the Deal-Radar and is not complete.

Valuation in this industry.

3.5 to 7.3times EBITDA

  • 3.5x to 4.7xRevenue under €5m
  • 4.6x to 6.0x€5m to €50m
  • 5.6x to 7.3xover €50m

Market range for Machinery & Plant Engineering, not the price of this deal. Data basis: DUB KMU-Multiples, Q3/2026; preparation: SourcingClub.

September 2026 on the Deal-Radar.

17 of 120 deals were of the type Carve-out.

  1. Strategic49
  2. Carve-out17
  3. Add-on15
  4. Buy-out11
  5. Insolvency10
  6. Minority stake6
  7. Succession5
  8. Funding round4
  9. Merger2
  10. Secondary1

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Information from public sources, without guarantee and without claim to completeness. No investment or legal advice. Published on 14 November 2026.