Constellation acquires TEX in MBO

The management team will remain active in the company's daily operations and have taken a significant minority stake.

TEX will follow a buy-and-build strategy to increase its presence across the DACH region.

Company
Founded in 1997, TEX provides train-operating services in western Europe and is an outsourcing partner for rail traffic. The company also provides safety and supervision services for track construction and installs safety and control systems.

Headquartered in Pullach, Germany, TEX also operates in Switzerland, Austria and the Netherlands. The business claims its customers include all major private and national passenger and rail cargo companies in the countries in which it operates. TEX employs 900 people.

People
Bernhard Heizmann is CEO of TEX. Dieter Scheiff is managing partner at Constellation.

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• Topics
• DACH
• Buyouts
• Industrials
• Germany