German Capital Goods Healthy potentially undervalued

INDUS Holding

Market Cap: €656.0m

A private equity firm specializing in mergers and acquisitions and corporate spin-offs.

DEUTZ

Market Cap: €1.3b

Engages in the development, production, distribution, maintenance, and servicing of diesel and gas engines in Germany, Rest of Europe, the Middle East, Africa, the Asia Pacific, and the United States.

MTU Aero Engines

Market Cap: €19.3b

Engages in the development, manufacture, sale, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally.

Krones

Market Cap: €3.5b

Plans, develops, manufactures, and sells machines and lines for the fields of process, filling, and packaging technology in Germany, the rest of Europe, the Middle East, the Asia Pacific, China, the Americas, and internationally.

KSB SE KGaA

Market Cap: €1.6b

Supplies pumps, valves, and related services worldwide.

Frequentis

Market Cap: €828.1m

Develops and markets communication and information systems for safety-critical control centers in Europe, North America, Asia, Australia, South America, Middle East, Africa, and worldwide.

Gesco

Market Cap: €139.0m

Operates in the process, resource, healthcare, and infrastructure technology sectors in Germany, rest of Europe, the United States, and internationally.

Dürr

Market Cap: €1.2b

Operates as a mechanical and plant engineering company worldwide.

SMA Solar Technology

Market Cap: €1.9b

Develops, produces, and sells PV and battery inverters, monitoring systems for PV systems, and charging solutions for electric vehicles in Germany and internationally.

Vincorion

Market Cap: €832.0m

Develops and manufactures power and mechatronic solutions for defense platforms and aviation systems in Germany and internationally.

Rheinmetall

Market Cap: €44.1b

Provides mobility and security technologies in Germany, Rest of Europe, North, Middle, and South America, Asia and the Near East, and internationally.

Vossloh

Market Cap: €1.2b

Provides rail infrastructure products and services in Germany and internationally.

SGL Carbon

Market Cap: €515.4m

Manufactures and sells special graphite, carbon fiber, and composite products in Germany, rest of Europe, the United States, China, rest of Asia, and internationally.

Siemens

Market Cap: €205.9b

A technology company, focuses in the areas of automation and digitalization in Europe, Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia.