One of our first investments within Peryton Capital focuses on a strong player within the German craft market: The Aeroduct Group, with its focus on Southern Germany, brings together various businesses that focus on exhaust systems for residential, commercial and industrial applications. The service and product portfolio ranges from refurbishment and new construction of stainless steel and plastic chimneys to exhaust systems for thermal incineration plants. Promising here is not only the targeted growth strategy through profitable add-on acquisitions of existing companies, but also the rewarding expansion of capacity through the training of new skilled workers. In particular, the attractive long-term market environment, the strong positioning along the value chain, and the stable, long-standing, regional and diversified customer and supplier portfolio have strengthened our decision to invest. Furthermore, it was important for us to have a highly qualified and motivated team in the background, which implements the tactical growth strategy in an equally promising way. Therefore, we are pleased to have laid the foundation for a long-term and successful cooperation with our investment. As Peryton Capital, we are targeting 200 potential add-on acquisition targets together with the Aeroduct Group and are in contact with 20 additional companies that are for sale.