Equitrust sells telerob for €78m

The transaction values the company at around €78m - according to media reports, that would be almost ten times what Equitrust paid for its stake in 2007.

Ostfildern-based telerob manufactures medium and heavy-weight Explosive Ordnance Device (EOD) robots and response vehicles designed to deal with nuclear, biological and chemical threats.

Targeting primarily homeland security markets, telerob employs 80 people and generates revenues of approximately €40m.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

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