At its Annual General Meeting in Hamburg, Private Assets SE & Co. KGaA presented its financial statements for the 2025 financial year, which was characterised by intense acquisition activity and strategic adjustments. Despite an economic environment described as challenging, the company managed to significantly improve its annual results compared to the previous year.
Sven Dübbers, CEO of Private Assets SE & Co. KGaA, highlighted that the positive development of earnings was also a result of restructuring measures for investments that were not sustainably profitable. Concurrently, significant progress was made in portfolio optimisation. A first successful exit of the InstaLighting investment was realised, while TAM Groupe was newly acquired, and an additional add-on acquisition was successfully completed.
For the coming years, Private Assets plans increased acquisition activity in other European countries. Mr. Dübbers justified this strategy by citing the more attractive growth prospects identified there compared to the German market, resulting from overall economic development.
In his report, Mr. Dübbers also informed shareholders about the current status of selected investments. At SIM Automation GmbH, order intake was low in the fourth quarter of 2025 and the first four months of 2026. A significant increase in order intake in May and June 2026 suggests that the order backlog will almost reach the planned level by the end of June. Despite this recovery, the result for 2026 is expected to fall short of previous years.
Kieler Maschinenwerke GmbH, however, continues to experience high demand and strong growth, which continued in the current second quarter with increasing order intake. The challenge here lies in managing this growth, which is why options for growth financing are being examined. The investment "Die Jobmacher" also showed positive development, with growth of approximately one per cent in the 2025 financial year, despite a shrinking overall market. Future opportunities are seen particularly in sectors such as defence and aerospace, with investments in expanding recruitment services in 2026.
For the new investment TAM Groupe, the focus in the first six months was on the carve-out. Measures are currently being implemented to reduce dependence on economic and climatic fluctuations, including an assessment of business expansion into further countries, especially in crisis regions where construction chemicals can contribute to road construction.
