Deal Announcement 07/26: Industrial Products, Engineering & Construction

The Deal

The PwC M&A team is pleased to announce that funds advised by Nimbus Investments (“Nimbus”) have sold Eisenmann GmbH (“Eisenmann”) to Daifuku Co., Ltd. (“Daifuku”).

Eisenmann is a leading international automation technology company specialising in industrial painting systems, conveyor technology and process-oriented solutions, primarily serving premium European automotive OEMs and industrial manufacturing companies.

PwC M&A ran a tailored international M&A process focusing only on strategic investors. A limited number of meaningful parties were approached and invited to participate in a strategic dialogue. These dialogues were based on individual market analysis, a tailored equity story and early discussion of synergies. As a result, Daifuku emerged as the best new owner for Eisenmann.

With the acquisition, Daifuku significantly expands its currently limited European presence and obtains access to Eisenmann’s state-of-the-art paint shop technology.

The share purchase agreement was signed in April 2026, and the transaction successfully closed in July 2026.

Eisenmann GmbH

Eisenmann is an internationally active technology company in the field of plant engineering, specialising in industrial painting systems, conveyor technology and process-oriented automation solutions for efficient, sustainable production. Since its reorganisation in 2020, Eisenmann has been developing innovative automation system concepts and services for customers worldwide, drawing on established technologies and extensive expertise. Eisenmann employs over 280 people worldwide and is represented in 6 countries with local entities. In fiscal year 2025, Eisenmann generated a total output of around EUR 120 million.

Nimbus Investments

Nimbus is a European turnaround and carve-out investor established in 1999, focusing on transforming and building businesses across a range of industrial sectors. As a “hands-on investor”, Nimbus focuses on driving operational improvements, international expansion and long-term value creation in its portfolio companies. Since re-establishing Eisenmann in 2020, Nimbus has supported the company's transformation into a leading provider of industrial painting systems and conveyor technology with a global market presence and an excellent reputation among its stakeholders.

Daifuku Co., Ltd.

Since its establishment in 1937, Daifuku has pursued the streamlining of logistics and production sites based on its core material handling technology. The Daifuku Group provides systems for a wide range of industries from its production and sales bases in 24 countries and regions worldwide, with systems for automobile production lines representing one of its core businesses. In recent years, as material handling systems have increasingly been expected to play a vital role as social infrastructure, the Daifuku Group continues to develop next-generation logistics and production streamlining systems and contributes to the development of society. The acquisition of Eisenmann will strengthen the Group’s core automotive production line systems business, enabling Daifuku to offer even more comprehensive coverage in automotive and industrial manufacturing and drive its European expansion.

PwC

The global PricewaterhouseCoopers network is a worldwide association of independent auditing and consulting companies which together employ nearly 365,000 people in 136 countries. Our global network comprises over 2,200 M&A professionals all over the world, realising approx. 400 successful transactions per year. We specialise in a wide range of independent M&A services including advice on acquisitions and disposals, mergers, public takeovers, privatisations as well as structured financing.

PwC M&A Germany acted as exclusive financial advisor to Nimbus Investments on this transaction. The transaction was led by Alexander Knögel (Partner) and David Schaibasjan (Senior Manager) and supported by Brian Heeger (Senior Associate).