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DBAG portfolio company duagon merges with MEN

duagon Holding AG (duagon), a company in the DBAG Fund VII portfolio, and MEN Mikro Elektronik GmbH (MEN) are merging to form a leading provider of software and hardware solutions for data processing and communication, especially in railway vehicles. DBAG Fund VII will invest up to 50 million euros in duagon to finance the transaction as part of a capital increase; up to 11 million euros of this amount is attributable to the co-investment made by Deutsche Beteiligungs AG (DBAG). While the investment company HQ Equita, MEN’s former majority shareholder, will be selling all of its shares, the founder Manfred Schmitz will retain a stake in the company in the future. The share purchase agreement is expected to close in May 2018. • Establishment of a leading provider of solutions for data processing and communication in railway vehicles • Basis for the successful realisation of development potential in the DBAG Fund VII portfolio • Growth potential thanks to complementary product range, expertise and sales structures