Deutsche Private Equity buys Elatec

Following the transaction, current majority shareholder and CEO Stefan Haertel will retain a minority stake in the company.

DPE stated it plans further expansion into the company's existing markets as well as identifying new markets and areas of application.

Company
Elatec was founded in 1988 and is based in Munich. The company produces RFID systems that transmit radio-frequency signals to a transponder, data tag or PIT tag, which in turn responds with a return radio signal. Its main customers are security services. The company has 70 employees in 11 locations.

People
Deutsche Private Equity – Frank Müller (partner).
Elatec – Stefan Haertel (CEO).

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