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Bergisch Gladbach, 9 July 2025

INDUS subsidiary BETOMAX acquires TRIGOSYS

• Products for shuttering structural joints in reinforced concrete construction
• Complementary product portfolio and joint marketing to result in synergy effects

The INDUS Group is continuing to expand its Infrastructure segment. The INDUS subsidiary BETOMAX systems GmbH & Co. KG has signed a purchase agreement for 100% of the shares in TRIGOSYS GmbH. Under the brand name TRIGOFORM, the company offers products for shuttering structural joints in reinforced concrete construction that complement the product portfolio of BETOMAX.

“We anticipate a significant increase in demand for specific construction components due to the necessary and planned infrastructure investments,” says Dr. Jörn Großmann, COO of INDUS’ Infrastructure segment. “With the strategic acquisition of TRIGOSYS, we are positioning ourselves to meet this trend by expanding our Civil Engineering & Concrete technology field.”

TRIGOSYS specializes in the meticulous planning and production of custom formwork solutions for the civil engineering sector, including tunnel as well as trough structures for tunnel or underpass entrances. The medium-sized company also has extensive expertise in “lost formwork” – permanent shuttering systems that remain in the building structure and significantly speed up the construction process. TRIGOSYS employs 26 people and generates annual sales of around EUR 4.5 million. The company is based in Föritztal, Thuringia. 

Expansion of engineering competence

Jörn Großmann states: ”When we consider an acquisition, our primary focus is on the company’s engineering capabilities. TRIGOSYS impressed us by its high technical expertise across the entire planning and production process. The team offers guidance from the initial planning of formwork and reinforcement, swiftly producing the required shuttering solutions with high dimensional accuracy and in compliance with standards.”

BETOMAX, part of the INDUS Group since 1991, offers reinforcement, anchor, shuttering and sealing solutions. INDUS recently strengthened the supplier of construction products with the acquisition of QUICK Bauprodukte, a specialist for standard and special structural components for bridge construction, at the beginning of 2023.
“We have known the high-quality TRIGOSYS products for years thanks to our joint marketing efforts,” says Gregor Püttmann, Managing Director of BETOMAX. “We complement each other well: BETOMAX focuses on lost formwork up to a height of 2.4 m, such as for floor slabs, while TRIGOSYS produces technically challenging formwork solutions up to 6 m high for large engineering structures.”
“Becoming part of BETOMAX Group opens up new development opportunities for TRIGOSYS,” says Rita Fischer, founder and Managing Director of TRIGOSYS. “BETOMAX has, for example, a strong direct sales strategy, which is ideal for our products. We anticipate cross-selling potential for both brands.” Gregor Püttmann adds: ”BETOMAX has built a reputation for delivering custom products to construction sites within days. The same applies to TRIGOSYS, which is why we can effectively market our products together.”

Third acquisition for the Infrastructure segment in 2025

By acquiring TRIGOSYS, INDUS has strengthened the Infrastructure segment for the third time in the current financial year. At the beginning of the year, INDUS acquired KETTLER, a specialist for spindle extensions for pipe systems, to strengthen its HAUFF-TECHNIK portfolio company. In February 2025, the portfolio company further expanded its international presence by acquiring ELECTRO TRADING, a Swedish importer and distributor of products for the power grid and distribution, renewable energy, construction and infrastructure sectors, as a complementary addition. INDUS plans to invest EUR 500 million in acquisitions by 2030. 

Note:
This press release contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of INDUS Holding AG and comprise known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. INDUS Holding AG assumes no obligation to update forward-looking statements.

Axel Meyer

COO Engineering
Axel Meyer (German citizen, born 1968) has been a member of the INDUS Board of Management since October 2017.

Until joining INDUS, he held various management positions at Schuler AG, most recently as Managing Director of Schuler Pressen and Head of the Service Division of the Schuler Group, Goeppingen, Germany.

Previously, Axel Meyer worked as a member of the Board of Management of the international management consultancy IMAGIN Prof. Bochmann AG, Eppstein im Taunus, Germany. He started his professional career in the Schuler Groups’ Solid Forming Division, initially in global sales and later as Division Manager.

Axel Meyer studied industrial engineering in Germany and the USA and earned a Master of Mergers & Acquisitions (LL.M.) at the Frankfurt School of Finance & Management while working. 

Gudrun Degenhart

COO Materials Solutions
Gudrun Degenhart (German citizen, born 1970) has been a member of the Board of Management of INDUS since October 2023.

She has more than 20 years of experience in the management and development of portfolio companies in Europe, the USA and the Asia-Pacific regions.

Prior to joining INDUS, she served as the CEO of the German portfolio companies of the international service group ISS. She previously worked for the thyssenkrupp Group, serving as the CEO of the international business unit for special lifts, as well as the CEO of Materials Western Europe and Asia-Pacific . She gained experience in medium-sized companies as a board member of the construction technology company Schöck.

A graduate in business administration, she began her career by building up the Central and Eastern European operations of the construction specialist Lindner Group.

Dr. Jörn Großmann

COO Infrastructure
Dr. Jörn Großmann (German citizen, born 1968) has been a member of the INDUS Board of Management since January 2019.

Up until joining INDUS, he worked for the Dutch group Aalberts Industries, with his last position being the sole managing director of Impreglon, Lüneburg, Germany.

He previously held various positions at the Georgsmarienhütte Group, initially becoming managing director of Mannstaedt, Troisdorf, Germany and later managing director of GMH Edelstahl Service Center Burg and GMH Engineering. Before Dr. Großmann became the managing director of Buderus Feinguss, Moers, Germany, he worked as a development engineer and as a technical director for Doncasters Precision Castings, Bochum, Germany.

He studied material sciences and earned a doctorate in the field of natural sciences.

Dr. -Ing. Johannes Schmidt

CEO
Dr. -Ing. Johannes Schmidt (German citizen, born 1961) has been a member of the Board of Management of INDUS since January 2006. He has held the position of CEO since July 2018.

Dr. -Ing. Schmidt was previously the sole managing director of ebm-papst Landshut, Germany, a manufacturer of ventilation motors and fans. During his tenure there, his main achievements included advancing the development of new product platforms and the internationalization of production sites.

Dr. -Ing. Schmidt began his career at Richard Bergner, a manufacturer of electrical instruments from Schwabach, Germany. He initially led product development before rising to the position of managing director during his 12 years at the company.

Schmidt, who studied mathematics, gained an engineering doctorate in mechanics from the Technical University of Darmstadt. 

Rudolf Weichert

CFO
Rudolf Weichert (German citizen, born 1963) is the CFO of INDUS.

Before joining the INDUS Board of Management in June 2012, he was a Partner at KPMG for nine years. He spent three of those years in Detroit, Michigan, United States, where he worked mainly with companies in the engineering and materials trading industries.

Mr. Weichert, who holds a masters degree in business administration, worked for KPMG for about 20 years, primarily in the firm’s Duesseldorf office, where he worked mainly with multinational manufacturing corporations.