• Waterland agreed to acquire BODE, a Kassel-based provider of door and access systems for public transport, from Schaltbau Group, which is majority-owned by Carlyle.
• BODE senior management will invest alongside Waterland as part of transaction.
• Financial terms were not disclosed; closing remains subject to customary regulatory approvals and conditions.
• BODE generates more than EUR 250 million in revenue, employs over 1,400 people, and serves OEMs and public transport operators across Europe, North America, and Asia.
• Partnership targets growth, innovation, international expansion, stronger customer service capabilities, and potential add-on acquisitions; BODE headquarters and management structure will remain unchanged.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Waterland Private Equity Investments BV published the original content used to generate this news brief on May 12, 2026, and is solely responsible for the information contained therein.