PVA TePla AG (XTRA:TPE) said that it is considering acquisitions to complement its existing technology portfolio and boost its growth in the medium term. The statement was made as PVA reported a 28% rise in its annual sales, reaching EUR 263 million (USD 285.4 million) in 2023. At the same time, earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 15.8% to EUR 41 million.

The semiconductors company expects moderate growth in 2024, but aims to almost double its sales volume to around EUR 500 million within the next five years. The mid-terms goal reflects the opportunities arising from new markets and additional growth from merger and acquisition (M&A) deals, the firm said. "With our strategic repositioning and modernised organisation, we have laid the foundations for further sustainable and profitable growth.

By leveraging our existing technologies and process expertise and tapping into new markets driven by the megatrends of decarbonisation and mobility, we are becoming increasingly independent of individual industry cycles," CEO Jalin Ketter noted in the statement.