Triton Partners and Carlyle are reportedly considering bids for REMA Tip Top, a Germany-based industrial services company, in a potential deal that could value the business at more than €3bn, according to sources familiar with the matter.

REMA Tip Top, known for its conveyor belt and tyre repair systems, is working with an advisor to explore a possible sale. The final structure of the transaction- whether a full or partial stake – is still under discussion.

Founded in 1923 and operating as part of the Stahlgruber Group, REMA Tip Top has grown into a global player with more than 9,000 employees and over 200 subsidiaries. In 2023, it generated €1.4bn in revenue across key sectors such as automotive, energy, water treatment, and industrial processing.

Sources suggest formal talks could begin after August. While neither Carlyle nor Triton commented on the speculation, the interest comes amid a broader trend of succession planning across Germany’s Mittelstand – family-owned businesses seeking external investment to support long-term growth.

The owners are reportedly considering external capital to scale operations further, despite subdued dealmaking conditions due to economic uncertainty and geopolitical shifts.

If completed, the transaction would reflect renewed private equity appetite for industrial services platforms with stable, international revenue bases and sectoral diversification.

Source: Reuters

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