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Advent International buys German industrial electronics group

Advent International has announced the acquisition of Moeller Group, a German industrial electronics component producer. Moeller generates annual revenues of approximately E1bn and has 32 production facilities across Europe.

‘As a world-class company with a strong market position, a portfolio of high quality products and an excellent customer base, Moeller has great future potential,’ said Ralf Huep of Advent International. ‘Our plan is to work with the management to refocus the business on its core strengths, to increase its market penetration, and to take advantage of global growth markets.’

‘Advent’s industry experience and global resources are good news for Moeller,’ added Theo Kubat, CEO and Robert Gaertner, CFO of Moeller’s management board. ‘With advent on board, we will be able to further expand our market position and to establish a strong position in the global market place. Our priority is to maintain and develop our product portfolio at the highest technical level, so that the Moeller brand realises its full potential.’

Advent international has been investing in the electronics and industrial technology sector for 16 years. Investments in the area include Panta, a group of Dutch industrial electronics companies acquired from Philips, Italtel, a telecoms equipment maker spun out of Telecom Italia, Bookham, a UK optical components manufacturer, floated on the LSE and NASDAQ and Lecroy, a producer of digital oscilloscopes, also listed on NASDAQ.

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