Contex Group to sell Contex A/S to Procuritas
I am pleased to announce to you that Contex Group A/S, a subsidiary of Ratos AB, has signed an agreement to sell Contex A/S to the Nordic focused private equity fund Procuritas Capital Investors V (Procuritas). The transaction is expected to be completed at the beginning of January 2013.
For us, this change of ownership marks the beginning of the next phase in the development of Contex A/S and our strategy to bring innovative scanning solutions to customers, remain a premium brand with a superior offering, and to grow our market presence even further.
Our new owners are focused on companies with a strong position in their respective markets and potential for accelerated growth and operational improvements. From management’s perspective Procuritas is an ideal new owner to help us in achieving our ambitions and implement our strategy for the future. We look very much forward to working together with our new owners and executing our strategy.
The transfer of ownership within the next couple of months will not change our daily operations, our structure, or our management, nor will it change our strategic direction. We look forward to maintaining our good relationships with customers, channels and business partners going forward.
CEO Contex A/S
Procuritas is a Nordic private equity house specialized in initiating, structuring and financing buy outs. The company was founded in 1986 and it has remained true to the mid-market segment, active ownership and a strategy of creating value in all stages of an investment. With its long history, Procuritas has gained experience from a large variety of transactions under widely varying market conditions.
Procuritas advised funds have made 32 investments to date and fully realized 22, with a combined consideration over EUR 1.5 billion. Visit www.procuritas.se for more information.
As the world’s largest developer and producer of large format imaging solutions, Contex leads the market with innovative technology and advanced scan and copy software applications. Sold worldwide in more than 90 countries, Contex solutions are recognized in a wide range of industries for reliability, value, high performance, and superb image quality.