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Rautenberg Moritz & Co. advises capiton AG on the acquisition of Cedes AG from Assa Abloy.

The Rautenberg Moritz team advised capiton AG (Fund VI) on the acquisition of Cedes AG from ASSA ABLOY. Closing of the transaction already took place on 12th November 2020.

Cedes, headquartered in Landquart, Switzerland, is a leading sensor technology company in the elevator and access solutions industry. The company’s products, which use infrared and image processing technology, provide solutions for the automation of elevators, escalators, and entrances. Cedes generated EUR 51m in sales in 2019 with 320 employees. The company was established in 1986.

capiton is an owner-managed financial investor and invests in small and medium-sized companies in the  German-speaking region. At present, capiton has EUR 1.1bn under management.

ASSA ABLOY is the global leader in access solutions and provides opening solutions, trusted identities, entrance automation and service. In 2019 ASSA ABLOY had generated EUR 8.8bn in sales with 49,000 employees worldwide.

Our team around Philipp v. Hochberg advised capiton AG on the buy-side.

Rautenberg Moritz & Co. advises capiton AG on the acquisition of Cedes AG from Assa Abloy.

Quick Facts

Date

  • November 2020

Cedes AG

  • Global leader in optical sensor technology for the elevator and access solutions industries
  • Entrance automation through products that use active infrared and image processing
  • Sales of EUR 51m (2019)

capiton AG (Fund VI)

  • Private equity investor with focus on small & medium sized companies in DACH-region
  • EUR 1.1bn under management

Deal Size

  • Undisclosed

Services

  • Buy-side M&A

Team

  • Philipp v. Hochberg, Managing Partner
  • Niko Kamphans, Associate