Skion
Skion describes itself as a return-focused, value-based investment company and strategic partner. It states that it invests in companies with revenues between 50 and 500 million Euros, preferably through significant minority stakes representing more than 25 percent of voting rights, while also holding wholly owned investments.
What stands out about Skion
Skion publicly targets companies with revenues between 50 and 500 million Euros and focuses on industrial goods and services, electrical engineering, optics, renewable energy and closed-loop material cycles, IT and digitization, medical technology, and water technology. Its stated approach includes significant minority investments, growth financing, succession solutions and an investment horizon of a decade and beyond.[1][3][4][6]
What does Skion acquire?
SKion is the investment company founded by German entrepreneur Dr. h. c. Susanne Klatten. The official legal entity is SKion GmbH, headquartered in Bad Homburg v.d. Höhe, Germany.
SKion describes itself as a return-focused, value-based investment company and strategic partner. Its stated support includes capital, expertise and strategic networks, with an emphasis on developing industrial investments across economic, industrial and technological cycles.[1][2]
SKion says it acts as a strategic partner by contributing expertise, strategic networks and capital. It emphasizes leadership culture and long-term enterprise-value development, and states that it offers growth financing and succession solutions.
Its preferred ownership structure is a significant minority stake representing more than 25 percent of voting rights with a corresponding governance structure. The portfolio also includes wholly owned investments.[1][6]
Owners evaluating a strategic or long-term buyer can compare the proposal with independent valuation analysis, review how professional acquirers approach transactions in Auxo’s buy-side process guide, and assess whether a full or partial sale best fits their objectives.
What should a business owner evaluate before selling to Skion?
For an owner evaluating a sale or strategic investment, SKion’s stated model combines strategic-partner support, capital, industrial networks, growth financing and succession solutions. Its published criteria include revenue between 50 and 500 million Euros, sustainable competitive advantages, proven management structures and an integrity-based corporate culture.
Owners should clarify the proposed ownership percentage, governance rights, the role of existing ownership and management, the expected investment horizon, available capital for growth or acquisitions, relevant portfolio-company or industrial-network connections, and any intended exit framework. The specific conditions, approvals and timing of a transaction should also be confirmed directly with SKion.[1][6]
What ownership percentage and governance rights would SKion seek
Would the proposed transaction be a majority, significant minority or full acquisition
How does SKion define the expected investment horizon for the specific opportunity
What companies does Skion look for?
SKion states that it invests in companies with revenues between 50 and 500 million Euros. It also looks for sustainable competitive advantages, proven management structures and an integrity-based corporate culture.
Its stated preference for significant minority stakes representing more than 25 percent of voting rights is paired with a corresponding governance structure. Owners should confirm how these criteria would apply to a specific opportunity.[1]
SKion states that it is primarily active in industrial goods and services, electrical engineering, optics, renewable energy and closed-loop material cycles, IT and digitization, and medical technology.
It also invests in smaller water-technology companies alongside existing portfolio companies. The official portfolio identifies a group of water-technology businesses held through SKion Water.[1]
SKion states that its investment horizon is a decade and beyond. It also says that it supports portfolio companies through economic, industrial and technological cycles.
This stated horizon should be distinguished from the specific ownership duration, exit framework and governance arrangements proposed for an individual transaction.[1]
SKion’s official portfolio lists ALTANA AG as a private company held at 100 percent since 2006, SGL Carbon SE as a significant minority investment since 2009, SKion Water as a private company held at 100 percent since 2011, and AVISTA OIL AG as a significant minority investment since 2012.
The portfolio also lists BMZ Battery Solutions as a private company held at 100 percent and states that SKion has been the sole owner of significant parts of the former BMZ Group since 2026. The SKion Water portfolio includes Paques, EnviroWater Group, ELIQUO WATER GROUP, MATTEN, Ovivo, Ecopreneur, ADASA, inCTRL, SENTRY, SouthWestSensor, FIDO Tech, Enpure Limited, up2e!, Schweitzer-Chemie and ENWA.[1]
On February 25, 2026, SKion completed the acquisition of significant parts of the BMZ Group through newly established subsidiaries and became the sole owner of the acquired group business.
On January 30, 2026, SKion sold its remaining 2.96 percent minority interest in NORDEX SE to institutional investors through an accelerated bookbuilding process. On December 19, 2025, SKion entered into a binding agreement to acquire significant business units from BMZ Holding GmbH and BMZ Germany GmbH; the announcement stated that the agreement was subject to antitrust approval at that time.
SKion’s official transaction history also records a minority investment in up2e! GmbH, the acquisition of Schweitzer-Chemie GmbH and the acquisition of ENWA AS in 2023.[1][3][4][5]
What is not clear from Skion's public acquisition criteria?
The cited SKion homepage transaction-history section lists transaction years, transaction types and portfolio companies but does not state transaction consideration or valuation for the listed BMZ and NORDEX transactions. The same cited official homepage does not publish a consolidated assets-under-management figure, fund size or enterprise-wide employee count for SKion itself.
The cited official BMZ completion release does not disclose purchase price, transaction consideration or valuation. The cited official NORDEX transaction release does not disclose the sale proceeds or transaction price.[1][3][4]
Questions to ask before selling to Skion
What ownership percentage and governance rights would SKion seek?
Would the proposed transaction be a majority, significant minority or full acquisition?
How does SKion define the expected investment horizon for the specific opportunity?
What role would the existing owner and management team retain?
Which portfolio companies or industrial networks could provide commercial or operational connections?
What capital commitments are available for growth, acquisitions or recapitalization?
What are the expected conditions, approvals and timing for a transaction?
Sources & research notes
- Official website / firm overview
- Structure / regulatory context
- Transaction / portfolio evidence
- Transaction / portfolio evidence
- Transaction / portfolio evidence
- Investment approach
How this profile was researched
Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.
Independent research profile
This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.
Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.
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