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Mehler Vario Systems was sold to Deutsche Private Equity. Approvals of the competition authorities and the Ministry of Economy have been obtained and the transaction has been closed on December 21, 2020.
Mehler was managed in collaboration with Armira, an investment holding focused on direct investments in privately-held, medium-sized businesses in Germany, Austria and Switzerland. Luxempart is one of Armira's main investors, enabling it to participate in numerous companies in the German Mittelstand.
“Our close collaboration with the Armira team since 2014 has been very fruitful”, said John Penning, managing director of Luxempart,“we congratulate Armira for the successful sale of Mehler realised during these difficult times impacted by the Covid-19...
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