Elvaston Capital Integrates Datatex & Setex Into Holding Company
Elvaston Capital which acquired majority stakes in Datatex and Setex has integrated these two companies into a holding company, Textile Solutions Group, which will specialise in IT solutions for the textile sector.
The holding company will expand with new acquisitions, to become a benchmark and standard for digital solutions by fully integrating all manufacturing and business functions from fibre to fashion.
Elvaston Capital Management GmbH is an entrepreneurial investor with a focus on technology companies and software firms and provides equity capital to support and expedite growth.
“Datatex is a provider of ERP solutions for the textile and apparel industry and is the developer of the NOW suite of solutions, the most widely used vertical ERP system within the global industry,” Elvaston said.
“While, Setex is a supplier of automation solutions for the textile industry and its Orga TEX production execution system and human-machine interfaces are known for their quality and reliability,” it added.
“Datatex’s objective is to strengthen our position in an increasingly competitive market environment by accelerating the expansion and continuous improvement of our NOW ERP solution,” Elvaston stated.
The owners of Datatex and Setex have signed long-term contracts as Managing Directors and will remain invested in Textile Solutions Group.
