FRANCE - Serena Capital purchases 30% of Selectron

Serena Capital invests alongside a number of private investors, who have taken a 42% stake in the company, and the management team, which will hold a 28% of the new structure.

The deal values the company at around EUR 60m and was financed with 60% of debt provided by CIC and UBS.

Selectron provides PLC systems for train applications and train communication network solutions, including PLC system modules, train communication systems and solid state relays. The company has 60 employees.

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