KSB SE & Co. KGaA (XTRA:KSB) is looking for M&A. Stephan Timmermann Chief Executive Officer said during the Earning Call 2023, "In terms of the M&A part, we are continuously looking at possibilities to add the internal growth with clever acquisitions, especially in those core fields of our business where we think this is something which will boost either the market share or the qualification of the employees or whatever. It is extremely hard.

I mean now slowly with interest rates, the markets are changing, but to find companies and this is really worldwide, which fit into our mindset, which have a price tag, which is communicable, where we have the power to integrate this and make money with these companies short term and up to now, we have not found them".