Deutsche Beteiligungs AG (DBAG) invests in congatecthe supplier of processing modules, which, with more than two thirds of its turnover coming from European customers, is also increasing its sales in the USA and Asia. The growth of the Deggendorf, Germany-based company is also driven by the expansion of its product range with new processor modules, which in turn is driven by the growing demand for high-performance computing solutions: IoT, Artificial Intelligence, Edge computing are applications that require real-time computing power directly in devices. In addition, the congatec RTS Hypervisor software package sets new standards in terms of real-time performance and virtualization, either as a standalone solution or in combination with congatec modules.
Jason Carlson, Chairman of congatec's Management Board, emphasised that Dbag's investment comes at the right time to unlock the many market potentials created during the pandemic. Rolf Scheffels, member of Dbag's Board of Directors agrees: "The pandemic has accelerated IoT and Industry 4.0, which increasingly require computer components. Dbag has already worked with companies in the electronics industry in recent years and "this experience has paid off in the evaluation of other investment opportunities".
DBAG Fund VIII will acquire the majority of the shares of the founding shareholders. The parties have agreed not to disclose the purchase price. The closing is expected to take place in the fourth quarter of 2020.
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