# EXEL Industries acquires 81% stake in Devaux group

EXEL Industries acquired an 81% majority stake in Devaux, a French family-owned manufacturer of gardening tools, for an undisclosed amount.

- Type: Acquisition
- Announced: 2023-06-08
- Where: Tinchebray-Bocage (Normandy) and Savigny, France, France
- Status: completed
- Products: gardening tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Exel Industries](https://endata.com/companies/6458.md) (acquirer)
- [Devaux](https://endata.com/companies/70744.md) (target)

## Sources

- [finanznachrichten.de](https://www.finanznachrichten.de/nachrichten-2023-06/59295541-exel-industries-exel-industries-acquisition-of-french-family-group-devaux-399.htm), 2023-06-08: "We are delighted to welcome the Devaux group into our Garden business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.