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Plant manufacturer Exyte concretizes plans for IPO

2. Octo­ber 2018

Frank­furt — The plant engi­nee­ring company Exyte, which emer­ged from the Stut­t­­gart-based M+W Group, is concreti­zing its plans for an IPO. Led by former Linde CEO Wolf­gang Büchele, the clean­room specia­list is targe­ting an issue volume of around €1 billion, prima­rily for the semi­con­duc­tor indus­try, accord­ing to finan­cial circles. A stock market value of 3 billion euros is consi­de­red realistic.

Exyte, with 4,800 employees and expec­ted sales of more than 3.5 billion euros, aims to expand and grow its posi­tion as the world leader in chip fab construc­tion. Howe­ver, the IPO proceeds will not go to Exyte, but exclu­si­vely to the owner Georg Stumpf (photo ). The Austrian billion­aire had joined the M+W Group in 2009 and will conti­nue to hold a majo­rity stake in Exyte after the IPO.

The IPO is expec­ted to be accom­pa­nied by Bank of America, Merrill Lynch and the Swiss UBS. The two invest­ment banks will be suppor­ted by Commerz­bank and the French Crédit Agri­cole.

About Exyte
Exyte deve­lops equip­ment for high-tech facto­ries and the semi­con­duc­tor indus­try and had sales of 2.4 billion euros in the last fiscal year. Adjus­ted earnings before inte­rest and taxes were 108 million euros.

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