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Announced

Completed

EMERAM completed the investment in Garderos.

Synopsis

EMERAM, a private equity firm, completed the investment in Garderos, a provider of ruggedised router solutions for secure data communication and optimal connectivity in harsh environments. Financial terms were not disclosed. "We have already achieved great success and high growth rates in recent years and have convinced our customers of the quality and, in particular, the reliability of our products. We are now at the beginning of a new growth phase with the increasing digitalisation, especially in the energy industry. We are confident that in EMERAM we have found a partner who will provide us with the best possible support to maximise our additional growth potential and keep our company on track for long-term success. On behalf of the entire company, I would like to take this opportunity to thank our former major shareholder for the excellent cooperation. We are delighted that Dr Hinder will remain on board as a shareholder and member of the Advisory Board," Hermann Knauer, Garderos CEO.

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