Inission buys Germany's BDT for €5.3M in first German deal
What's the deal? Swedish contract manufacturer Inission ABDealroom has a profile for this one. Try Dealroom → has agreed to acquire 100% of Bavaria Digital Technik GmbHDealroom has a profile for this one. Try Dealroom → (BDT), a German electronics manufacturing services (EMS) company, for €5.3 million. The Nasdaq Stockholm-listed buyer signed the deal with the bankruptcy administrator of AD CapitalDealroom has a profile for this one. Try Dealroom → on October 15, 2026, with completion set for November 2, 2026.
What each side brings: BDT, founded in 1969 in Pfronten, Germany, employs about 110 people and serves customers in industrial automation, medical technology, and energy. Inission makes industrial electronics and mechanics and runs a power electronics arm, with operations across eight countries and total 2025 revenue of 2.2 billion kronor.
The numbers: BDT posted roughly €20 million in 2025 revenue and €1.25 million in EBITDA. The price equals an enterprise value of 5.8 times average EBITDA for 2023 to 2025, and Inission is funding the deal with a €2.65 million acquisition loan. The acquisition is expected to add about €17 million in annual revenue.
The expansion: The deal marks Inission's entry into the German EMS market and extends its wider European push. BDT's roughly 110 staff will stay on, operating from the company's own premises under the shared brand.
Why now? Inission negotiated the purchase with AD Capital's bankruptcy administrator, giving it a foothold in Germany through a distressed sale. "The acquisition broadens our customer base and gives us a good entry into the German market," said Fredrik Berghel, chief executive officer of Inission AB (translated from Swedish).
What's the endgame? The buy fits Inission's strategy of profitable growth through acquisitions, adding a complementary customer portfolio. BDT chief executive officer Manuel Stelzer said joining the group creates "further opportunities for sustainable growth, technical development" while keeping the company's local presence (translated from Swedish).
The signal: The deal shows EMS consolidation rolling on, with listed players picking up smaller specialists—sometimes out of insolvency—to widen their geographic reach and customer mix.
Read more: placera.se
Image credit: Generated with Gemini
