The commercial construction industry in the DACH region, comprising Germany, Austria, and Switzerland, is vital for infrastructure development and economic growth. It includes a range of companies, from large corporations manufacturing building materials to innovative startups offering construction technology solutions. Major projects often focus on sustainability, driven by increasing regulatory demands and public awareness around environmental issues. As urbanization progresses, the sector is embracing new technologies like Building Information Modeling (BIM) and green construction practices, aiming to improve efficiency and reduce carbon footprints. The future promises growth fueled by a push for modern, eco-friendly construction methods and transnational collaboration.


In 2024, a variety of investors shaped the commercial construction market in DACH, reflecting diverse strategies and interests. This list features both corporate giants like Holcim and Sika, and emerging venture capital firms such as Foundamental and Redstone. Headquartered mainly in Switzerland and Germany, these investors range from well-established firms, operating with over 10,000 employees, to smaller entities with fewer than 50. With a total of 63 documented deals, they not only influence the construction landscape but also support innovative technologies and sustainable practices, vital for progress within the sector.


Top 16 Commercial Construction Investors in DACH


1. Holcim

  • Website: holcim.com
  • Type: Corporate
  • Headquarters: Zug, Zug, Switzerland
  • Founded year: 1912
  • Headcount: 10001+
  • Number of deals in 2024: 12
  • LinkedIn: lafargeholcim

Holcim is a leading building materials manufacturer based in Zug, Switzerland, founded in 1912. The company specializes in innovative and sustainable construction solutions, offering a diverse range of products including cement, aggregates, and ready-mix concrete. Holcim primarily caters to construction companies and architects, focusing on decarbonizing building practices and promoting circular construction to meet the increasing demand for environmentally friendly materials. In 2023, Holcim made significant strides in the commercial construction sector by acquiring HM Factory, a precast market player in Poland, and Besblock Ltd, a UK supplier of precast materials. These acquisitions are part of Holcim's strategy to enhance its sustainable building solutions and operational capacity in the commercial construction market. Additionally, their acquisition of Wiltshire Heavy Building Materials, which specializes in recycling construction waste, further underscores their commitment to sustainable practices in commercial construction.


2. 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 Berlin-based venture capital firm founded in 2019, specializing in the architecture, engineering, and construction (AEC) technology sectors. With a team size of 11-50, they provide early-stage funding and strategic support to startups, helping founders navigate the challenges of building their businesses. Foundamental's portfolio includes companies focused on 3D design, construction, renovation, and supply chain logistics, primarily targeting businesses in the AEC industry. Notable transactions include a $20 million Series A investment in Juno, a company likely involved in construction technology, and a $2.25 million Series A funding for Brick&Bolt, a construction services platform aimed at enhancing technological infrastructure in the construction sector. Additionally, they participated in a $40 million Series B round for Mighty Buildings, which is known for its innovative construction methods. These investments highlight Foundamental's commitment to advancing the commercial construction industry through technology and innovation.


3. Sika

  • Website: sika.com
  • Type: Corporate
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1910
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: sika

Sika AG is a leading specialty chemicals company based in Baar, Zug, Switzerland, founded in 1910. With a workforce of over 10,000 employees and a presence in 103 countries, Sika develops and produces innovative solutions primarily for the construction and industrial sectors. Their extensive product range includes concrete admixtures, waterproofing systems, and flooring solutions, catering to the needs of construction companies and contractors. Sika has been actively expanding its market presence through strategic acquisitions, such as the purchase of LCS Optiroc, a manufacturer of cementitious powder products, which bolstered their offerings in the Asia/Pacific region. Additionally, their acquisition of EMSEAL Joint Systems, known for expansion joints and sealants, and Modern Waterproofing Group, a leader in roofing and waterproofing systems in Egypt, further solidifies their position in the commercial construction market. In 2023, Sika also acquired a stake in an innovative flooring company, showcasing their ongoing commitment to enhancing their product portfolio in the construction sector.


4. Partners Group

  • Website: partnersgroup.com
  • Type: Private Equity
  • Headquarters: Baar, Zug, Switzerland
  • Founded year: 1996
  • Headcount: 1001-5000
  • Number of deals in 2024: 19
  • LinkedIn: partners-group

Partners Group Holding AG is a prominent investment management firm based in Baar, Zug, Switzerland, specializing in private equity, private infrastructure, private real estate, and private debt. Founded in 1996, the firm manages over USD 149 billion in assets and is recognized for its innovative investment strategies and commitment to sustainability. Notably, Partners Group has been involved in several transactions relevant to the commercial construction sector, including the acquisition of Parmaco Oy, an education infrastructure platform in Finland, which highlights their focus on building and managing educational facilities. Additionally, their investment in Citivale Group Holdings Ltd, a developer and asset manager specializing in logistics and light industrial assets, further emphasizes their engagement in real estate development. These transactions illustrate Partners Group's active role in sectors that are integral to commercial construction, making them a significant player in this field.


5. Heidelberg Materials


Heidelberg Materials is a leading building materials manufacturer based in Heidelberg, Baden-Württemberg, Germany, founded in 1873. The company specializes in producing and distributing essential construction materials, including cement, aggregates, ready-mixed concrete, and asphalt. With a workforce of over 10,000 employees, Heidelberg Materials serves a diverse range of customers in the construction and infrastructure development sectors. In recent years, the company has made strategic acquisitions to enhance its market presence and capabilities. Notable transactions include the acquisition of Kynningsrud Prefab, a precast contractor in Norway and Sweden, which aims to strengthen their geographical footprint in Western Sweden. Additionally, they acquired Corliss Resources, a family-owned aggregates and ready-mixed concrete company in the US Pacific Northwest, further solidifying their position in the growing market. Other significant acquisitions include Bach & Co. in New York and Cementir Italia, which have expanded their operational capacity and product offerings in key markets. These transactions reflect Heidelberg Materials' commitment to meeting the demands of the commercial construction industry and supporting sustainable development.


6. Nemetschek Group

  • Website: nemetschek.com
  • Type: Corporate
  • Headquarters: Flensburg, Schleswig-Holstein, Germany
  • Founded year: 1963
  • Headcount: 1001-5000
  • Number of deals in 2024: 4
  • LinkedIn: nemetschekgroup

The Nemetschek Group, founded in 1963 and based in Flensburg, Schleswig-Holstein, Germany, is a corporate investor specializing in software solutions for the architecture, engineering, and construction (AEC) industries. With a workforce of 1001-5000 employees, they provide a range of innovative software products that enhance efficiency and collaboration among professionals in these fields. Notably, they have been involved in several significant transactions that underscore their commitment to the commercial construction sector. For instance, they led a Series B funding round for Reconstruct, a company that offers AI-powered remote quality control and progress monitoring software, indicating their interest in advancing technology that supports construction processes. Additionally, they have invested in Sablono, a platform aimed at improving construction project management, through both angel and Series A funding rounds. These investments highlight Nemetschek's strategic focus on enhancing digital solutions within the commercial construction landscape.


7. LafargeHolcim

  • Website: lafargeholcim.com
  • Type: Corporate
  • Headquarters: Zug, Zug, Switzerland
  • Founded year: 1969
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: lafargeholcim

LafargeHolcim, founded in 1969 and headquartered in Zug, Switzerland, is a leading corporate investor in the building materials sector, specializing in innovative and sustainable construction solutions. The company offers a diverse range of products, including low-carbon concrete and cement, as well as circular technology for recycling materials. Their customer base primarily consists of stakeholders in the construction industry who rely on LafargeHolcim for environmentally friendly building materials that meet modern standards. Notable transactions include the acquisition of Somaco, a Romanian building blocks producer, which strengthens their market position in Romania, and the acquisition of The Kendall Group, a prominent aggregates and ready-mix concrete manufacturer in the UK, aimed at enhancing their operations in the housing segment. These strategic moves underscore LafargeHolcim's commitment to supporting the commercial construction sector through their extensive product offerings and market presence.


8. wienerberger

  • Website: wienerberger.com
  • Type: Corporate
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 1819
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: wienerberger

Wienerberger AG, founded in 1819 and headquartered in Vienna, Austria, is a leading construction materials manufacturer with a workforce of over 10,000 employees. The company specializes in bricks, roof tiles, and plastic pipes, serving construction businesses and contractors with innovative and sustainable building solutions. In recent years, Wienerberger has made several strategic acquisitions to enhance its market position and product offerings in the commercial construction sector. Notable transactions include the acquisition of the Preflex Group, a manufacturer of prewired electro conduits, and Vargon d.o.o., a provider of piping solutions in Croatia. These acquisitions are part of Wienerberger's growth strategy aimed at optimizing their portfolio and strengthening their presence in the construction materials market. Additionally, their acquisition of Building Product Design Group (BPD) and FloPlast further demonstrates their commitment to expanding their product range in the roofing and piping sectors, which are critical components of commercial construction projects. Most recently, Wienerberger acquired Terreal for approximately $644 million, further solidifying their position in the industry.


9. Sgs

  • Website: sgs.com
  • Type: Corporate
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 1878
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: sgs

SGS S.A. is a leading testing, inspection, and certification company based in Geneva, Switzerland, founded in 1878. With a workforce of over 10,000 employees, SGS provides independent services to ensure product quality and compliance across various industries. In recent years, SGS has strategically expanded its presence in the commercial construction sector through several key acquisitions. Notably, they acquired Korea Construction Quality Test & Analysis, a company specializing in construction materials testing, which aligns with their growth strategy in industrial services. Additionally, their acquisition of The Lab (Asia) Ltd. further diversifies their service offerings in the construction materials testing sector. SGS's investment in Vircon Limited enhances their capabilities in Building Information Modelling (BIM), a crucial technology in modern construction projects. These transactions highlight SGS's commitment to supporting the commercial construction industry through enhanced testing and consulting services.


10. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a prominent technology conglomerate specializing in industrial automation, energy solutions, rail transport, and health technology. With a workforce of approximately 320,000 employees, Siemens generates significant revenue and operates globally. The company has made strategic acquisitions to bolster its capabilities in the commercial construction sector, such as the acquisition of MAC Systems, Inc., a security systems integrator, which enhances their building technologies portfolio. Additionally, Siemens Energy's acquisition of the eHouse manufacturing division of Integrated Electrical Services, Inc. reflects their commitment to improving energy solutions, a critical component of modern commercial construction. Their recent transactions, including investments in renewable energy firms like Strata Clean Energy and Dimension Renewable Energy, further demonstrate their focus on sustainable practices within the construction industry. Overall, Siemens is positioned as a key player in the commercial construction landscape, providing innovative solutions that enhance efficiency and sustainability.


11. TK Elevator

  • Website: tkelevator.com
  • Type: Corporate
  • Headquarters: Düsseldorf, North Rhine-Westphalia, Germany
  • Founded year: 1970
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: thyssenkrupp-elevator

TK Elevator, founded in 1970 and based in Düsseldorf, North Rhine-Westphalia, Germany, is a leading manufacturer and service provider specializing in elevators, escalators, and mobility solutions. With a workforce of over 10,000 employees, the company focuses on enhancing vertical and horizontal transportation in various settings, including residential, commercial, and airport environments. In recent years, TK Elevator has made strategic acquisitions to strengthen its market position and service capabilities. Notable transactions include the acquisition of Regional Elevator in December 2023, aimed at enhancing service capabilities in the Ottawa-Gatineau area, and the acquisition of Nordic Lift in July 2022 to bolster their presence in Sweden. These transactions highlight TK Elevator's commitment to expanding its footprint in the elevator service market, which is integral to commercial construction projects.


12. Egeria REI GmbH Ijzendoorn & Co. KG


Egeria REI GmbH Ijzendoorn & Co. KG is a private equity investment firm based in Berlin, Germany, founded in 1997. The firm specializes in private equity and real estate investments, focusing on partnering with healthy businesses to drive sustainable growth through strategic investments. Egeria operates in the Netherlands, the DACH region, and North America, providing capital and management expertise to businesses seeking to expand and thrive. Notable transactions include the acquisition of Holonite in 2007, a company that produces construction materials, which aligns with the commercial construction sector. Other acquisitions, such as Den Braven and Koninklijke Mosa, also suggest a broader interest in industries related to construction and building materials, further supporting their relevance in the commercial construction space.


13. Redstone


Redstone is a venture capital firm based in Berlin, Germany, founded in 2014. The firm specializes in investing in technology startups across various sectors, including FinTech, Industrial, Sustainability, and Quantum. Redstone provides investment management services and conducts research on the venture capital landscape, particularly focusing on the participation of pension funds in the startup ecosystem. Notably, Redstone has been involved in several transactions, including a significant investment in Fixed Construction, which raised an undisclosed amount in a Pre-Seed round in May 2023. This investment highlights Redstone's engagement in the commercial construction sector, alongside their other investments such as PlanRadar, which focuses on construction management software, indicating a broader interest in technology solutions that support the construction industry. Redstone's clients include innovative startups seeking funding and institutional investors looking for high-growth investment opportunities.


14. 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 focuses on providing capital and advisory services to enhance the growth potential of its portfolio companies. While their primary sectors include telecommunications, IT services, software, and healthcare, they have also made significant investments in the commercial construction industry. Notably, in March 2021, DBAG acquired a majority stake in R+S Group AG, a provider of technical building services, which generated revenues of approximately 360 million euros in 2020. This acquisition aligns with their strategy to invest in mid-market companies and highlights their involvement in the construction sector. Additionally, they have engaged in other transactions, such as acquiring Sjølund, further indicating their diverse investment portfolio.


15. BitStone Capital

  • Website: bitstone.capital
  • Type: Venture Capital
  • Headquarters: Neunkirchen, North Rhine-Westphalia, Germany
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 4
  • LinkedIn: bitstone-capital

BitStone Capital is a venture capital firm based in Neunkirchen, North Rhine-Westphalia, Germany, founded in 2017. The firm specializes in investing in innovative startups within the real estate and construction technology sectors, providing venture capital, business development support, and advisory services to help these startups thrive in a rapidly digitizing industry. Their portfolio includes companies focused on digital solutions for property management and building technology. Notable transactions include a €6 million seed funding round for Aeditive, a startup targeting the precast concrete market, which highlights their commitment to advancing construction technology. Additionally, they participated in the Series A financing for Smino, which aims to expand its platform internationally, and have invested in Plan4 Software, which is involved in software solutions for the construction sector. These investments demonstrate BitStone Capital's active role in supporting innovation within the commercial construction landscape.


16. Pt1

  • Website: pt1.vc
  • Type: Venture Capital
  • Headquarters: Berlin, Berlin, Germany
  • Founded year: 2018
  • Headcount: 11-50
  • Number of deals in 2024: 6
  • LinkedIn: proptech1

PT1 is a venture capital firm based in Berlin, Germany, founded in 2018. The firm specializes in investing in early-stage startups that focus on transformative real asset technologies, particularly in the context of sustainability and resource efficiency. In 2023, PT1 participated in a €22 million Series A funding round for ecoworks, a Berlin-based proptech startup aimed at refurbishing building stock to make it carbon neutral. Additionally, PT1 was involved in earlier funding rounds for ecoworks, including a €5 million seed funding round in 2020. They also led a €5 million Series A round for Building Radar, a startup focused on optimizing search algorithms for construction projects. These transactions highlight PT1's commitment to supporting innovative solutions in the commercial construction industry, particularly those that address sustainability challenges.



Commercial Construction Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
HolcimZug, Zug, Switzerland10001+191212
FoundamentalBerlin, Berlin, Germany11-5020197
SikaBaar, Zug, Switzerland10001+19102
Partners GroupBaar, Zug, Switzerland1001-5000199619
Heidelberg MaterialsHeidelberg, Baden-Württemberg, Germany10001+18734
Nemetschek GroupFlensburg, Schleswig-Holstein, Germany1001-500019634
LafargeHolcimZug, Zug, Switzerland10001+19691
wienerbergerVienna, Vienna, Austria10001+18192
SgsGeneva, Geneva, Switzerland10001+18785
SiemensMunich, Bavaria, Germany10001+184711
TK ElevatorDüsseldorf, North Rhine-Westphalia, Germany10001+19701
Egeria REI GmbH Ijzendoorn & Co. KGBerlin, Berlin, Germany51-20019970
RedstoneBerlin, Berlin, Germany11-50201414
Deutsche Beteiligungs AGFrankfurt, Hesse, Germany51-20019652
BitStone CapitalNeunkirchen, North Rhine-Westphalia, Germany1-1020174
Pt1Berlin, Berlin, Germany11-5020186


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