Industrial Manufacturing - Electromagnetic Components & Control Systems
Strategic Profile
Kendrion is executing a transformation to become a pure-play industrial company focused on high-margin, high-growth niches in brakes, actuators, and controls, excluding automotive operations. Post-transaction, 84% of business is in Europe, 7% in Asia, and 8% in the US, with minimal remaining exposure to mobility.
Cyborg Score Rationale
Recent H1 2025 results show revenue growth of 3% to €157.5M and normalized EBITDA margin improvement to 14.9%, with Q2 EBITDA rising 20% to €12.6M. Strategic refocusing on industrial markets presents growth opportunity, though the company faces challenges common to industrial component suppliers.
Top Insights
Divested China business for €70 million, marking clear exit from low-margin automotive and mobility segments
Net debt reduced to €97.3 million with leverage ratio down to 2.4, strengthening balance sheet post-divestiture
Serves high-growth sectors including wind energy, robotics, medical devices, factory automation, energy distribution, and industrial heating
Core expertise in electromagnetic components for specialized industrial applications demonstrates sustainable competitive positioning
Named Competitors
Rolling Bearings & Seals — Industrial bearings and electromagnetic systems
Drivetrain Solutions — Automotive and industrial drivetrain components
Recent Developments
(Q2 2025) Revenue increased 2-3% YoY to €79.4M with normalized EBITDA margin at 15.9%
(2024) Divestment of China business and automotive operations to focus on pure-play industrial strategy