INDUS Holding AG: M&A Activities on the Rise

INDUS Holding AG, analyzed by NuWays AG, hints at accelerating merger and acquisition activities in Q4 2025. Following a successful Q3, the company expressed confidence in fulfilling its M&A goals, further aligning with its target of €500 million in expenditures by the end of 2030.

With cash reserves at €200 million and an operational cash flow of €80 million, INDUS shows financial readiness. The strategy involves acquiring stakes in potential targets, with immediate full consolidation possible based on historical deals. Prospective investments are anticipated in automation technology, materials solutions, and energy infrastructure, focusing on strategic growth.

The outlook for 2026 suggests up to €100 million in spending, continuing the path as a consolidator of the German Mittelstand. INDUS maintains a "BUY" recommendation, with a target price of €34, supported by its solid performance and strategic vision.