Fortlane Partners advised funds advised by DBAG

Fortlane Partners advised funds advised by Deutsche Beteiligungs AG (“DBAG”) with a Commercial Vendor Due Diligence on the sale of duagon Holding AG (“duagon”), a leading provider of hardware and software solutions for safety-related applications, primarily in the railway industry.

The Commercial Vendor Due Diligence included a comprehensive analysis of duagon’s business model and product portfolio, with a particular focus on the sustainability and scalability of its embedded electronics solutions for the global rail industry. The size and development of the addressed market were assessed, emphasizing the impact of digitalization, electrification, and extensive infrastructure investments. In addition, the Company’s competitive environment was thoroughly evaluated, highlighting duagon’s unique market position, broad technology expertise, and successful buy-and-build strategy. Further, the Commercial Vendor Due Diligence provided a detailed business plan assessment, additional value creation opportunities and assessed potential synergies with strategic investors.
The project complements our extensive track record in providing strategic and commercial advisory services in the industrial technology and mobility sectors.

About duagon
duagon is a leading provider of embedded electronics for the global rail industry. Operating in a rapidly transforming market driven by digitalization, electrification, and major infrastructure investments, duagon offers mission-critical computing solutions such as IoT integration, AI-based predictive maintenance, and digital signaling. The company has strengthened its position through strategic acquisitions including MEN Mikro Elektronik (2018), OEM Technology Solutions (2019), and TechOnRails (2020), establishing itself as a trusted technology partner of scale for embedded electronics in rail.

About DBAG
Deutsche Beteiligungs AG (DBAG) is a leading German private equity firm headquartered in Frankfurt am Main. DBAG specializes in long-term investments in mid-market companies, focusing on those with strong growth potential across various industries. The firm partners with entrepreneurial management teams to drive sustainable growth and value creation. With more than 400 investments and 55 years of experience, DBAG manages or advises on assets worth 2.6 billion euros.
 

Transaction Team

Dr. Gerrit Schütte
Managing Director

Dr. Christian Wältermann
Managing Director

Gerrit Bückins
Principal
Email

Dennis Türk
Consultant

Urban Maier
Consultant

Finn Stöhr
Consultant

Jona Stotz
Associate Consultant