{
  "id": 15685754,
  "title": "SGB-Smit: Regensburg IPO candidate benefits from a supercycle in the energy market",
  "url": "https://urgent.news/2026/10/20/sgb-smit-regensburger-ipo-kandidat-profitiert-von-einem-superzyklus",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T02:00:50.000Z",
  "source": {
    "name": "Handelsblatt",
    "slug": "handelsblatt",
    "url": "https://www.handelsblatt.com/unternehmen/energie/energie-ipo-kandidat-sgb-smit-profitiert-von-einem-superzyklus/100262611.html"
  },
  "original_language": "de",
  "account": "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.",
  "summary": "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\".",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}