Lafayette Mittelstand Capital completed the acquisition of Geba Cables from Gebauer & Griller.

Private equity firm Lafayette Mittelstand Capital completed the acquisition of Geba Cables, a provider of elevator cable products, from Gebauer & Griller, a global manufacturer of automotive, elevator and industrial technological solutions. Financial terms were not disclosed. "GG Group has been one of the leading producers of cables and wires for the elevator and escalator industry for 4 decades. Operating very closely with our customers and offering individual, construction-specific solutions have made this division a thriving business. For this very reason, it is important to us to have found a buyer for the Elevator Division who will be fully committed to continuing the successful course we have initiated," Eva Schinkinger, GG Group CEO.