DBAG exits foundry group Silbitz to Germany's VTC
What's the deal? Deutsche Beteiligungs AG (DBAG)Dealroom has a profile for this one. Try Dealroom →, together with DBAG Fund VIDealroom has a profile for this one. Try Dealroom →, has sold foundry group Silbitz to VTCDealroom has a profile for this one. Try Dealroom →, a German independent investment firm. The transaction closed in August 2026; the parties did not disclose the purchase price.
What each side brings: Silbitz produces complex cast components for industrial applications, with sites in Germany and Slovakia. VTC, founded in 1992, backs mid-sized DACH companies and already owns BAETTRDealroom has a profile for this one. Try Dealroom →, a leading supplier of wind-power components.
What changed under DBAG? Management widened Silbitz's end markets during the holding period, adding defence, offshore wind-turbines, and nuclear recycling to its railway and energy-generation base. In 2021, Silbitz acquired Eisengießerei TorgelowDealroom has a profile for this one. Try Dealroom →, a foundry specialising in large cast components for offshore wind and large engine blocks.
Operational gains matched the strategic shift. The scrap rate at the Silbitz site fell from about 7% to 3–4%, and targeted investment improved energy efficiency at Torgelow. Chief executive officer Torsten Tiefel led the company throughout.
Why it mattered: The investment period was shaped by hard macroeconomic conditions. The COVID-19 pandemic dented demand, and the 2022 Russia-Ukraine conflict pushed material costs sharply higher, while electricity and gas prices temporarily hit several times their 2019 levels.
Despite those pressures, the projected EBITDA margin recovered above 10% in the 2025 financial year, helped by the expansion into new markets.
What DBAG says: "By selling the company to VTC, whose portfolio includes BAETTR, we have found the ideal partner for the next phase of Silbitz's development," said Jannick Hunecke, member of DBAG's board of management.
The signal: For DBAG Fund VI, the sale completes its investment cycle and advances a broader portfolio modernisation. Pairing Silbitz with VTC's wind-focused BAETTR points to how German investors are consolidating around energy-transition and structural demand themes.
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Image credit: Gawler History
