TFG invested approximately EUR 1.1 million in the company which realised sales of more than EUR 50 million in the 2006 business year with its synergetic divisions Plant and Process Automation, Metal and Plastics Industries and Glass Industry. The investment was realised as part of a capital increase totalling approximately EUR 4 million in which further institutional investors other than TFG also participated.
ELIOG Technologie AG is a technology holding which, with its operative subsidiaries, holds an exceptionally good position in the above business fields. The ELIOG Group runs profitable operations with a total of 550 employees and owns a number of unique selling propositions in the various segments. Principal customers for ELIOG products are the automotive industry and its suppliers, the glass and plastics industries as well as process automation companies. Through its subsidiary Schwarzataler Kunststoff- und Recycling GmbH, the company is also Europe's biggest processing and recycling business for plastic-based recyclables.
The ELIOG Group has grown significantly over the last few years and plans, in addition to its organic growth which is expected to continue, to realise selective acquisitions to round off its existing portfolio of products and solutions. The company plans its IPO for 2007. Preparations for this are already under way.
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TFG Capital Acquires Stake In ELIOG Technologie AG
Unternehmensbeteiligungsgesellschaft (ISIN: DE0007449506) acquired a stake in the medium-sized technology group ELIOG Technologie AG, Erfurt.