The steel casting industry in the DACH region is pivotal, producing high-quality cast parts essential for machinery, automotive, and construction. Companies within this sector focus on precision engineering and sustainable practices, such as recycling scrap metal to reduce carbon footprint. The market is currently trending towards digitalization, with manufacturers adopting innovative technologies such as 3D printing and automation. This evolution promotes efficiency and reduces production costs. Plans for future growth prioritize eco-friendly manufacturing methods, while the demand for customized products continues to rise, driving industry players to innovate and adapt rapidly.


In our listing, we highlight 15 notable investors in the steel casting sector across the DACH region. Table includes various types such as venture capital, private equity, and corporate investors. Based in locations like Starnberg and Graz, firms range from startups with fewer than 10 employees to large corporations employing over 10,000. Since being established between 1834 and 2016, these investors have made significant moves—their investment activity in 2024 showcases a total of 67 deals, emphasizing their ongoing interest in steel casting through funding and acquisitions.


Top 15 Steel Casting Investors in DACH


1. Deutsche Beteiligungs AG

  • Website: dbag.com
  • Type: Private Equity
  • Headquarters: Frankfurt, Hesse, Germany
  • Founded year: 1965
  • Headcount: 51-200
  • Number of deals in 2024: 2
  • LinkedIn: deutsche-beteiligungs-ag

Deutsche Beteiligungs AG is a private equity firm based in Frankfurt, Hesse, Germany, founded in 1965. The firm specializes in investments in mid-sized companies and provides capital and advisory services to enhance the growth potential of its portfolio companies. While its primary focus is on sectors such as telecommunications, IT services, software, and healthcare, Deutsche Beteiligungs AG has also made significant investments in the steel casting industry. Notably, the firm acquired the Silbitz Group on July 20, 2015, and Gienanth on December 22, 2014, both of which are key players in the steel casting sector. These transactions highlight the firm's capability and interest in supporting companies within this industry, alongside its broader investment strategy.


2. Andritz

  • Website: andritz.com
  • Type: Corporate
  • Headquarters: Graz, Styria, Austria
  • Founded year: 1892
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: andritz

Andritz AG, founded in 1892 and based in Graz, Styria, Austria, is a leading technology provider specializing in industrial equipment and solutions across various sectors, including pulp and paper, metals, and energy. With a workforce of over 10,000 employees, Andritz focuses on enhancing operational efficiency and sustainability for its business customers through innovative and digitalized solutions. Notably, Andritz has made significant acquisitions in the metals sector, such as the acquisition of Schuler AG in 2012, a company recognized for its expertise in metal forming technology, and Herr-Voss Stamco in 2014, which specializes in metal processing equipment. These transactions highlight Andritz's commitment to expanding its capabilities and offerings within the metals industry, including steel casting.


3. Capvis AG

  • Website: capvis.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1990
  • Headcount: 11-50
  • LinkedIn: capvis

Capvis AG is a private equity firm based in Baar, Zug, Switzerland, founded in 1990. The firm specializes in managing investments across various sectors, including healthcare and industrial technology. Capvis partners with institutional investors, such as pension funds, to provide long-term capital and strategic growth opportunities. The firm focuses on enhancing the market position of its portfolio companies through effective management and consulting. Notably, Capvis acquired a majority stake in Felss Group, a leader in cold forming technology, in January 2017, which generated revenues of approximately EUR 125 million in 2016. This acquisition highlights Capvis's commitment to supporting growth strategies and internationalization in the industrial technology sector. Additionally, Capvis has made several other acquisitions in related fields, such as Faster, Soudronic, Polytec Holding, and sia Abrasives Holding, further demonstrating its active role in the industrial landscape.


4. AM Ventures


AM Ventures is a venture capital firm based in Starnberg, Bavaria, Germany, founded in 2015. The firm specializes in investments in additive manufacturing technologies, focusing on supporting startups and entrepreneurs in the industrial 3D printing sector. They provide funding and strategic guidance to foster innovation and growth in this rapidly evolving industry. Notably, AM Ventures has been involved in several relevant transactions, including a $2 million investment in Fortius Metals in 2022, aimed at scaling manufacturing capacity and accelerating market strategies. This investment, along with their other transactions in the additive manufacturing space, positions them as a potential contributor to advancements in steel casting technologies, particularly through innovative manufacturing processes.


5. RHI Magnesita

  • Website: rhimagnesita.com
  • Type: Corporate
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 1834
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: rhi-magnesita

RHI Magnesita N.V. is a leading refractory manufacturer based in Vienna, Austria, founded in 1834. The company specializes in high-grade refractory products, systems, and services that cater to various industrial sectors, including steel, cement, and foundry. RHI Magnesita operates globally, enhancing operational efficiency and safety in high-temperature processes. In 2024, they announced the acquisition of Resco Products for up to $430 million, aiming to strengthen their presence in North America and expand their refractory offerings. Additionally, they acquired Seven Refractories' operations, which will enhance their non-basic refractories portfolio and support the development of low CO2 emitting manufacturing technologies. Other notable transactions include the acquisition of Agellis Group AB and a significant stake in SORMAS Sogut Refrakter Malzemeleri AS, further solidifying their position in the refractory market relevant to steel casting.


6. Trumpf

  • Website: trumpf.com
  • Type: Corporate
  • Headquarters: Ditzingen, Baden-Württemberg, Germany
  • Founded year: 2016
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: trumpf-gmbh-co-kg

Trumpf SE + Co. KG, founded in 2016 and based in Ditzingen, Baden-Württemberg, Germany, is a leading manufacturing company specializing in advanced machine tools and laser technology. With a workforce of over 10,000 employees, Trumpf provides a wide range of products and services aimed at enhancing manufacturing processes across various industries, including automotive, aerospace, and electronics. In recent years, Trumpf has made strategic investments to bolster its capabilities in manufacturing technologies. Notably, they acquired Lantek, a leader in the sheet metal software market, to improve connectivity and process optimization in sheet metal production. Additionally, Trumpf's acquisition of Stellar Industries Corp. aimed to enhance their supply chain and expand into the electronic industry, which may have applications in metalworking. These transactions reflect Trumpf's commitment to advancing manufacturing technologies, which could be beneficial for the steel casting industry.


7. Klöckner & Co SE


Klöckner & Co SE, founded in 1906 and based in Düsseldorf, North Rhine-Westphalia, Germany, is a prominent metal distributor specializing in the supply of steel and metal products. The company serves a diverse range of customers, primarily in construction and manufacturing, by providing high-quality products and logistics services. Klöckner & Co has a strong focus on sustainability, offering CO2-reduced products to meet the growing demand for environmentally friendly solutions. Notably, Klöckner & Co has made strategic acquisitions to enhance its position in the steel sector, including the acquisition of RSC Rostfrei Coilcenter GmbH, which significantly expanded its stainless steel processing capabilities. Additionally, their acquisition of American Fabricators reflects their ongoing commitment to strengthening their portfolio in the metal industry. These transactions highlight Klöckner & Co's active role in the steel market, making them a relevant investor in the steel casting industry.


8. S-ubg Ag

  • Website: s-ubg.de
  • Type: Venture Capital
  • Headquarters: Aachen, North Rhine-Westphalia, Germany
  • Founded year: 1988
  • Headcount: 11-50
  • LinkedIn: s-ubg-group

S-UBG AG is a venture capital firm based in Aachen, North Rhine-Westphalia, Germany, founded in 1988. The firm specializes in private equity and mezzanine capital, providing financial support and strategic expertise to medium-sized businesses across various sectors. S-UBG AG has a particular focus on innovative entrepreneur teams in the Rhineland region, assisting them with growth investments, management buy-outs, and technology development. Notably, S-UBG has been involved in several transactions relevant to the steel casting industry, including a private equity round for Steel Service Krefeld in 2014 and another for RATTAY Metallschlauch- und Kompensatorentechnik in 2007. Additionally, they acquired Jouhsen-bündgens Maschinenbau in 2009 and Anneliese Backtechnik in 2013, further demonstrating their active role in supporting companies that may intersect with the steel casting sector.


9. Verve Ventures

  • Website: verve.vc
  • Type: Venture Capital
  • Headquarters: Zurich, Zurich, Switzerland
  • Founded year: 2010
  • Headcount: 11-50
  • Number of deals in 2024: 25
  • LinkedIn: investiere-venture-capital

Verve Ventures is a Zurich-based venture capital firm founded in 2010, specializing in deep tech investments across Europe. The firm provides funding and strategic support to science and technology startups, focusing on sectors such as climate tech, industrial technology, and health & bio. Notably, Verve Ventures has participated in significant transactions that align with the steel casting industry. For instance, they were involved in funding rounds for Fractory, a U.K.-based metal fabrication marketplace, which raised $9 million in a Series A round to expand its services and manufacturing capabilities. Additionally, their investment in 9T Labs, a startup focused on advanced manufacturing technologies, further highlights their commitment to supporting innovative companies in the industrial sector. Their diverse portfolio and strategic investments position them as a key player in the industrial technology landscape, making them relevant to the steel casting industry.


10. Foundamental

  • Website: foundamental.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2019
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: foundamental

Foundamental is a venture capital firm based in Berlin, Germany, founded in 2019. The firm specializes in the architecture, engineering, and construction (AEC) technology sectors, providing early-stage funding and strategic support to startups. Their portfolio includes companies focused on 3D design, construction, renovation, and supply chain logistics. Notably, Foundamental has invested in Metalbook, which raised $15 million in Series A funding in July 2023 and $5 million in a Seed Round in August 2022. Metalbook's focus on metal supply aligns it with the steel casting industry, indicating Foundamental's potential interest in this sector. Additionally, Foundamental participated in funding rounds for Infra.Market, a B2B marketplace for construction materials, which further demonstrates their engagement in the broader construction materials space.


11. H.I.G. European Capital Partners Gmbh


H.I.G. European Capital Partners Gmbh is a private equity investment firm based in Hamburg, Germany, founded in 2006. The firm specializes in private equity and asset management, focusing on helping mid-sized businesses grow through management buyouts, special situations, and growth capital investments. H.I.G. Europe has a diverse portfolio, including notable transactions such as the acquisition of MJ Maillis, a company involved in packaging solutions, and a significant investment in CTI Groupe, a supplier of industrial boilers for the nuclear industry. Of particular relevance to the steel casting sector is their acquisition of Metalprint in July 2019, a leading manufacturer of forged brass and aluminum components, which showcases their engagement in the manufacturing industry. Additionally, they acquired ALTEO, a global producer of specialty alumina, further indicating their interest in materials and manufacturing processes. H.I.G. Europe aims to provide strategic guidance and capital to enhance operations and market positions of their portfolio companies.


12. UVC Partners


UVC Partners is a venture capital firm based in Munich and Berlin that specializes in investing in B2B startups across Europe. Founded in 2011, the firm provides financial support and strategic guidance to early-stage companies, helping them grow and succeed in competitive markets. Their portfolio includes a diverse range of innovative startups in various sectors. Notably, UVC Partners has invested in Molten Industries, which raised $25 million in a Series A round in June 2024, and previously $2 million in a Seed Round in October 2022. These transactions highlight their engagement in the steel casting context, as Molten Industries is likely involved in technologies or services related to this industry. Other investments, such as those in Synera and 3YOURMIND, showcase their broader focus on innovative solutions, which may also intersect with the steel casting sector.


13. LEA Partners

  • Website: leapartners.de
  • Type: Venture Capital
  • Headquarters: Karlsruhe, Baden-Württemberg, Germany
  • Founded year: 2002
  • Headcount: 11-50
  • Number of deals in 2024: 8
  • LinkedIn: l-ea-private-equity-gmbh

LEA Partners GmbH is a venture capital firm based in Karlsruhe, Baden-Württemberg, Germany, founded in 2002. The firm specializes in technology investments and private equity, primarily focusing on supporting B2B tech companies through capital and strategic partnerships. Their clientele consists mainly of technology firms seeking investment to enhance their market position. Notably, LEA Partners invested in Smart Steel Technologies, which received €2.1 million to develop software products and expand its operations, indicating a direct connection to the steel industry. Additionally, they have participated in various other funding rounds, such as Turn2X, a deep tech climate startup, and Daedalus, which further showcases their active role in technology investments. However, their primary focus remains on technology rather than traditional steel casting, which may limit their relevance in that specific sector.


14. Paragon Partners

  • Website: paragon.de
  • Type: Private Equity
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2004
  • Headcount: 11-50
  • Number of deals in 2024: 2
  • LinkedIn: paragon-partners_2

Paragon Partners GmbH is a private equity investment company based in Munich, Bavaria, Germany, founded in 2004. The firm specializes in private equity investments in established medium-sized enterprises, providing capital and strategic support to enhance business operations and foster growth. Paragon Partners manages approximately €1.2 billion in equity and has a diverse portfolio that includes various sectors. Notable transactions include the acquisition of Metallwarenfabrik Gemmingen and KINSHOFER, both of which are involved in manufacturing. While these companies are not explicitly in the steel casting sector, their focus on medium-sized enterprises suggests a capability and interest in investing in related industries, including steel casting.


15. Project A

  • Website: project-a.com
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2012
  • Headcount: 51-200
  • Number of deals in 2024: 13
  • LinkedIn: project-a-ventures

Project A is a venture capital firm based in Berlin, Germany, founded in 2012. They specialize in early-stage tech investments and provide operational support for startups. Their services include consulting in technology and growth, access to a network of investors, and pre-seed investment opportunities. In 2024, Project A has made 13 investments, showcasing their active role in the investment landscape. Notably, they have participated in funding rounds for Laserhub, a B2B startup, and METYCLE, a metal trading platform. The latter raised approximately €4.7M in a Seed round led by Project A, aiming to enter the $600 billion global market for secondary post-consumer metals, which is relevant to the steel casting industry. This involvement highlights Project A's potential interest in the metal sector, including steel casting.



Steel Casting Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
Deutsche Beteiligungs AGFrankfurt, Hesse, Germany51-20019652
AndritzGraz, Styria, Austria10001+18925
Capvis AGBaar, Zug, Switzerland11-5019900
AM VenturesStarnberg, Bavaria, Germany1-1020153
RHI MagnesitaVienna, Vienna, Austria10001+18342
TrumpfDitzingen, Baden-Württemberg, Germany10001+20162
Klöckner & Co SEDüsseldorf, North Rhine-Westphalia, Germany5001-1000019060
S-ubg AgAachen, North Rhine-Westphalia, Germany11-5019880
Verve VenturesZurich, Zurich, Switzerland11-50201025
FoundamentalBerlin, Berlin, Germany11-5020197
H.I.G. European Capital Partners GmbhHamburg, Hamburg, Germany51-20020060
UVC PartnersGarching, Bavaria, Germany11-50201115
LEA PartnersKarlsruhe, Baden-Württemberg, Germany11-5020028
Paragon PartnersMunich, Bavaria, Germany11-5020042
Project ABerlin, Berlin, Germany51-200201213


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