# Elvaston acquires Setex Group

Elvaston Capital Management acquired Setex Schermuly textile computer GmbH and its subsidiaries, which develop automation solutions for the textile industry.

- Type: Acquisition
- Announced: 2023-10-18
- Where: Germany
- Status: completed
- Products: automation solutions for textile manufacturing, machine controls, sensors, MES software
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Elvaston Capital Management](https://endata.com/companies/72634.md) (acquirer)
- [Setex Schermuly textile computer GmbH](https://endata.com/companies/73833.md) (target)

## Sources

- [mofo.com](https://www.mofo.com/resources/news/231019-morrison-foerster-advises-elvaston-on-acquisition-of-setex-group), 2023-10-19: "The Setex Group develops industry-leading automation solutions for manufacturing processes in the textile industry."

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