FRANKFURT (Reuters) - German industrial computer modules supplier Congatec is preparing a Frankfurt stock market flotation to raise funds for its expansion, people close to the matter said.
The firm could announce the deal, which may raise up to 100 million euros, later this month, the sources said, adding that the timing depended on market conditions.
Congatec’s customers are in the industrial automation, medical, entertainment, transportation, telecommunication and test and measurement industries.
Congatec declined to comment.
Reporting by Alexander Huebner, Arno Schuetze and Hans Seidenstuecker; Editing by Thomas Seythal