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Sero GmbH, a portfolio company of DBAG Fund VII, has acquired Solid Semecs B.V. (Semecs), a Dutch EMS provider. DBAG Fund VII will invest around €16 million, with DBAG co-investing €3.6 million. The acquisition aims to broaden the customer base and add a production site in Slovakia.
“The objectives of the transaction, agreed at the end of last week, are to broaden the customer base, to explore new buyer industries, as well as expanding production capacity with a site in Eastern Europe.”dbag.com
Summarized from public sources; check the original articles before acting on it.