Global Equity Partners exits Adcon

Diana Petrowicz
06 May 2011

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Global Equity Partners (GEP) has sold its 85% stake in telemetry specialist Adcon in a trade sale to Ott Hydromet.

The investor has reportedly realised a return of over 20% on the sale.

In 2003, Global Equity Partners acquired insolvent Adcon for €1m from a private owner. The company was held by GEP's endowment fund HTA III Venture Beteiligungs-Invest AG.

Company
Klosterneuburg-based Adcon Telemetry GmbH was founded in 1992 and is a supplier of radio telemetry services, such as advanced control systems for universal and flexible wireless solutions. Services are applied in the field of water management as well as agriculture.

People
Reinhard Fischer represents Global Equity Partners.

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