Genesis Private Equity Fund II, managed by Genesis Capital Ltd., and a founder of HSW Signall acquired 80% stake in HSW Signall s.r.o. from Neschen AG (DB:NSN) and other shareholders on March 14, 2013. Jan William Drnek, one of HSW's co-founders, will return to HSW Signall as its new Chief Executive Officer. Of the proceeds arising from this sale, a sum of 1 million was used by Neschen to repay the senior loan. Petr Kymlicka and Ondrej Kolman of BDO LLP acted as financial advisors for Neschen.

Genesis Private Equity Fund II, managed by Genesis Capital Ltd., and a founder of HSW Signall completed the acquisition of 80% stake in HSW Signall s.r.o. from Neschen AG (DB:NSN) and other shareholders on March 14, 2013.