Contex Chosen by European Investor for its Market Leading Products, Long-Term Vision, and Growth Ambitions
COPENHAGEN, Denmark, March 11, 2013 /PRNewswire/ --
Several Innovations from Scanning Leader Slated for 2013
Contex, the world's leader of wide format scanning and imaging solutions, announces that the company has been recognized for its award-winning products and long-term vision by Nordic private equity investor Procuritas. After an extensive commercial due diligence, the company was singled out as the long-term market leader in the wide format market, providing the greatest growth opportunities. As a result, Procuritas acquired Contex in December 2012, and has increased the company's research and development funding to support the launch of several new innovations in 2013 and the future.
Procuritas targets mid-sized companies that occupy strong positions within their respective markets and demonstrate considerable potential for accelerated growth. As a global large format imaging leader, Contex presents many growth opportunities. With this strategic investment, Procuritas will work closely with company senior management to develop new products to further strengthen Contex's leadership in the large format imaging industry.
Procuritas Partner Tomas Therén explains, "Contex has the vision, the ambitions, the passion and the drive. That was our impression right from the beginning. With glowing references from other players in the wide-format industry, like leading printer-brand manufacturers, channel partners - even competitor partners - and not least end-customers, the choice was easy."
Tomas Therén continues, "We see a lot of value and growth opportunities with such solid and successful leadership of the large-format scanning industry. Contex has proven to have the strongest distribution channel, widest range of scanners, and the largest installed base of large-format scanning customers. It is our expectation that with the focus on innovative solutions, Contex will continue the expansion of wide format imaging technologies."
Procuritas is a Nordic private equity house. The company was founded in 1986 and 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 http://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. Over the years, Contex scanners have received numerous awards from leading trade publications and analyst firms including Cadalyst, Wide-Format Imaging, and BERTL. 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. For more information, please visit http://www.contex.com.