Lafayette Mittelstand Capital has successfully acquired the elevator division of Gebauer & Griller (GG Group). The company will operate under the name “Geba Cables” and is considered a leading manufacturer of cables and wires for the international elevator and escalator industry.
The transaction includes highly specialized production sites in Vienna (Austria), Slovakia, and India. The acquisition was completed with a clear focus on long-term development opportunities and the preservation of existing employee rights.
Lafayette Mittelstand Capital is committed to continuing the successful course of this business unit in the long term. The sale will enable the GG Group to concentrate its resources on its core automotive market in the future, while Geba Cables continues to expand under a new flag.
