Announced
Completed
Financials
Sources
Tags
Germany
Diversified Industrials
automation
software solutions
textile manufacture
Acquisition
Domestic
Private
Majority
Private Equity
Pending
Friendly
Single Bidder
Synopsis
Elvaston Capital Management, a private equity firm, agreed to acquire a majority stake in SETEX, a provider of manufacturing process management software and textile machinery controls. Financial terms were not disclosed. SETEX looks to the future with great optimism in this new constellation and is convinced that this strategic step will further increase SETEX's competitiveness and growth potential.
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