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German based elero GmbH, the leading manufacturer of electric drive motors and controls for roller shutters, sun protection systems and rolling doors, was sold to Nice S.p.A. in Italy.
Centum Capital advised the seller.

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With Italian company NICE becoming the new main shareholder of elero, two experts for Automation engineering connect.

elero GmbH is an internationally active manufacturer of electronic drive motors and controls. In September 2011 it was sold to the Italian company Nice S.p.A., which took over 80 percent of the company’s shares from the Munich based private equity company Paragon Partners. The remaining 20 percent of the shares are divided between Paragon Partners and Jochen Lütgemeier.

elero is based in Beuren/Stuttgart, Germany. The company is one of the leading manufactures of drive motors and controls for roller shutters, sun protection systems and rolling doors, as well as an extensive variety of electrical and mechanical accessories. The application possibilities comprise of roller shutters, venetian blinds, awnings, folder shutters, and rolling doors.

A division of elero is also committed to the development and production of electric linear actuators. Subsidiaries for sales and services in France, Italy, Poland, Spain, India, USA, Singapore, Australia and Sweden as well as sole representatives in many other countries ensure the worldwide availability of elero products.

The strategic partnering of Nice and elero, two experts in the field of automation systems, provides a solid foundation for the continuing growth of both companies. Nice S.p.A. was founded in the early 1990s and it is listed in the STAR segment of the Borsa Italiana. Nice develops, produces and distributes automation solutions for doors, garages, road gates, parking systems etc. Both companies’ aim is to offer new impulses and to create opportunities that will enable them to continually offer technological excellence and utmost quality regarding innovative building management, while aiming at energy saving and production of energy from renewable sources.

elero GmbH will profit from the merger in terms of economic stability and continuity. The elero brand will be continued and will keep its identity.

Centum Capital has initiated this multi-national transaction and advised the seller in 2011/12.