Luxembourg, 16 April 2026 – Sterling Active Fund (“SAF”) is pleased to announce the successful exit of its investment in PVA TePla AG (“PVA TePla”). SAF sold its remaining shares in PVA TePla in March 2026 through open market transactions, following strong share price performance.
PVA TePla is a German engineering group manufacturing specialised equipment for industrial and semiconductor customers, with historic expertise in handling materials at high temperatures and extreme pressures.
SAF developed a differentiated view on the company’s ultrasonic metrology business, a small but fast-growing unit serving advanced semiconductor manufacturers, which was obscured within the broader group portfolio.
Over the holding period, the strength of the ultrasonic metrology business was highlighted by a Capital Markets Day in September 2025 and by the subsequent announcement of significant orders from leading semiconductor customers, which validated the unit’s competitive positioning. At the same time, the semiconductor equipment industry entered a strong upcycle, driven by significant demand from the rapid expansion of AI and data centres. Following a strong share price increase, SAF decided to exit the position in March 2026, realising a high double-digit return on its investment.
*****
PVA TePla AG, listed on the Frankfurt Stock Exchange, is a German engineering company manufacturing specialised systems for industrial and semiconductor customers, including ultrasonic metrology equipment used in advanced chip production.
Sterling Active Fund, is the second fund launched by Sterling Strategic Value in October 2020. SAF is open for subscriptions.
Sterling Strategic Value, is one of Europe’s oldest Activist investors founded in 1999 with a track record of over 50 successful activist investment entries and exits.
