DRS Investment acquires XELOG AG
The private equity company DRS Investment GmbH acquires 100% of all shares of the Swiss software company XELOG AG.
With it being the second investment in their first full financial year DRS Investment, aims to develop and expand the Cloud Computing sector.
XELOG’s Founder Armin Töngi adds: “DRS Investment has extensive expertise in positioning software companies. In addition to technical support in the development of our software, I am pleased that DRS Investment will also support us in the internationalization process through its broad network.”
The transaction was led by DRS Founder and Managing Partner Dr. Andreas Spiegel, supported by DRS partners Harald Ebrecht and Dr. Sven Abels. The parties did not to disclose the purchase price.