Nice S.p.A. in Italy acquires elero Group, the German based leader in manufacturing automation systems for sun protections.
elero GmbH
elero GmbH
| Target | elero GmbH |
| Deal Type | Mergers & Acquisitions |
| Buyer | Nice S.p.A. |
| Territory | |
| Transaction Description | The Mecanindus-Vogelsang Group is in its niche the largest manufacturer of certain fasteners in Europe and generated revenues of EUR 43 million in 2005. The German private equity investor Finatem (Frankfurt) took over 75 % of the shares. The management and the former owners are involved with 25 % and accompany the firm on its growth course. |
| Industry Sector | |
| ICFG Office | Hamburg |
Nice S.p.A. in Italy acquires elero Group, the German based leader in manufacturing automation systems for sun protections.
elero GmbH
The Mecanindus-Vogelsang Group is in its niche the largest manufacturer of certain fasteners in Europe and generated revenues of EUR 43 million in 2005. The German private equity investor Finatem (Frankfurt) took over 75 % of the shares. The management and the former owners are involved with 25 % and accompany the firm on its growth course.
