Vogt electronic Letron GmbH (Germany) - Dec 2007

unquote
01 December 2007

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CFC Zwischenholding has acquired 100% of the shares of Vogt electronic Letron GmbH from Vogt electronics EMS GmbH, a subsidiary of Vogt electronic AG, for an undisclosed amount in a cash transaction. The management is retained. CFC Zwischenholding GmbH, based in Dortmund, is a 100% subsidiary of CFC Industriebeteiligungen GmbH & Co. KGaA. Vogt electronic Letron GmbH has operated at a loss for several years and was sold as part of a restructuring process of Vogt AG. After a previous sale process had failed, the deal was sourced through personal contact between the vendor and the buyer, with management initiating. Vogt electronic Letron GmbH will be renamed Letron electronic GmbH. The investor plans to develop the company into a leading supplier in the electronic manufacturing services market that will accompany customers along the complete value chain from development over prototype manufacturing to vcolume production. CFC Zwischenholding acquired 100% of Elcon Systemtechnik GmbH in April 2007 and Vogt electronic Letron GmbH was bought to create synergies with Elcon Systemtechnik.

Company

Vogt electronic Letron GmbH develops, manufactures, and sells electronic subsystems and products for the security, communication, and medicine industry. The company is headquartered at Osterode and employs 80 people. It is expected to report €12.5m revenue in 2007.

Debt

The transaction included no debt.

Advisers

Equity - Aulinger, Thomas Huesmann (Legal)Equity - Dr Schlüter & Partner GbR, (Tax)

Sourced from: Deutsche unquote" 94 (Jan 2008)