Apollo-managed funds have agreed to acquire a minority stake of approximately 37% in industrial technology company Syntegon from CVC Capital Partners, marking a new phase of growth for the business. CVC will retain a 63% majority stake, reaffirming its long-term commitment following a multi-year transformation of the company.
The transaction builds on Syntegon’s strong operational momentum, with the company generating €1.75 billion in revenue in 2025 and significantly increasing profitability since CVC’s initial investment. Operating profit has quadrupled during this period, supported by strategic acquisitions, operational improvements, and expansion across key end markets.
The partnership is designed to accelerate Syntegon’s next growth phase, particularly through expansion in North America, where Apollo is expected to contribute strategic expertise. The company operates across pharmaceutical, biotechnology, and food industries, with approximately 72,000 installed systems worldwide, creating a substantial opportunity for service-driven growth.
Since becoming independent, Syntegon has strengthened its position as a global technology leader, supported by a portfolio of around 2,000 patents and continued investment in innovation. The company has also expanded through acquisitions, including Telstar in 2024 and a majority stake in Klenzaids in 2023, further strengthening its presence in key markets.
Looking ahead, Syntegon aims to capture additional share in mission-critical and largely non-cyclical markets while scaling its service capabilities across its installed base. The company will continue to operate under its existing management team, led by CEO Torsten Türling, with headquarters remaining in Stuttgart.
The transaction remains subject to customary regulatory approvals, and financial terms beyond the minority stake have not been disclosed.
KEY QUOTES:
“The team around CEO Torsten Türling has done an outstanding job establishing the company as a leading provider in highly regulated and technologically complex markets. Bringing on board a minority shareholder offers the best conditions to further accelerate Syntegon’s growth globally. We have great confidence in the company’s long-term prospects and its significant potential within a market characterised by strong structural growth. We are delighted to welcome Apollo as a new partner.”
Marc Strobel, Chairman of the Supervisory Board of Syntegon and Partner at CVC
“Syntegon’s development is an impressive success story and further proof of CVC’s sustainable investment approach. Through strategic acquisitions and targeted investments, we have worked alongside management and the whole team to transform Syntegon into a global market leader. The transformation has been successfully completed – now we look forward to continuing the momentum with a partner who shares our vision for the company and strengthens our capabilities for the next growth phase.”
Can Toygar, Member of the Supervisory Board of Syntegon and Partner at CVC
“This transaction marks a milestone for Syntegon. CVC remains the ideal partner for us and we are pleased to continue our successful collaboration. At the same time, we are gaining valuable new momentum with Apollo. Our current position is the result of an outstanding performance of our global team. In recent years, we have expanded our product portfolio with outstanding innovations while improving our operational excellence. Today, we are the leading strategic partner for our customers and serve the industry’s largest installed base of approximately 72,000 technically highly complex systems.”
Torsten Türling, CEO of Syntegon
“Syntegon has established itself as a technology leader at the heart of mission-critical pharma, biotech and food supply chains. Together with CVC and management, we see a clear path to continue this strong growth trajectory, particularly in North America, and we are excited to support Syntegon in this next phase of its development.”
Jeremy Honeth, Partner, Hybrid Value at Apollo
