SGB-Smit: Regensburg IPO candidate benefits from a supercycle in the energy market
No power grid without transformers: This is why the network operators' billion-euro investments are also coming to SGB-Smit. Company boss Ketterer is already counting on the "next wave of expansion".
SGB-Smit, a transformer manufacturer, is planning to go public in early 2027 with a valuation of €4 billion or more. The company, which produces essential components for power grids, has seen a surge in demand due to the need for upgraded infrastructure and renewable energy expansion. According to McKinsey, the transformer market is experiencing a "super cycle" with investments in power grids expected to rise from $407 billion in 2025 to $627 billion by 2035.
SGB-Smit's CEO, Holger Ketterer, expects the growth to continue over the next decade, driven by increasing demand and limited supply. The company's revenue grew by double digits to €1.6 billion last year, with a profit of nearly €300 million.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
