Dortmund-based CFC Zwischenholding GmbH 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. Vogt electronics Letron GmbH develops, manufactures and sells electronic subsystems and products for the security, communication, and medicine industry. The company is expected to report revenues of EUR 12m this year.
Consortium of investors supporting the funding round includes existing and new backers
Vehicle is larger than its predecessor, Xenon Private Equity VI, a €184m fund closed in July 2014
GP intends to boost the company's organic growth and further strengthen its market position
Acquisition of the family-owned company adds to the GP's industrial portfolio