duagon acquires OEM Technology Solutions

DBAG’s portfolio company duagon has signed an agreement to acquire OEM Technology Solutions, a provider of control and automation products for the global railway market based in Sydney, Australia.

With this acquisition, duagon aims to further strengthen its market position: The group is expected to benefit from a complementary product range, expanded software and electronics expertise as well as a global sales organization.

"OEM’s products and services allow us to provide a broader and deeper product set to the railway market" explained Dr Markus Dilger, CEO of duagon, when the contract was signed.

Deutsche Beteiligungs AG invested in duagon alongside DBAG Fund VII in July 2017. In 2018, duagon merged with MEN Mikro Elektronik GmbH to form a leading provider of software and hardware solutions for data processing and communication, especially in railway vehicles.