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CapMan acquires Danfysik ACP A/S


CapMan Press Release 3 December 2008 10.00 a.m.
The CapMan Technology 2007 fund will acquire Danfysik ACP A/S, together with the management of the company. The company’s value in the transaction is approx. MEUR 8.6 million (DKK 64 million).
Danfysik ACP A/S (Advanced Current Products) develops, produces and markets high-precision current transducers and amplifiers for medical and industrial applications. The aim of the investment is to support ACP’s future growth as an independent company as well as to explore new business opportunities in new product or application areas.
ACP was formerly a division of Danfysik A/S, a leading player in particle acceleration technology, and until the transaction a wholly-owned subsidiary of Danfysik A/S. Danfysik A/S is owned by Dansk Kapitalanlæg, Pensionskassernes Administration (PKA) and EJBO Holding, representing among others the company’s founders.
ACP’s core business is the development and production of high-precision transducers and SHIM amplifiers, both used in MRI scanners, an area in which the company is a global market leader. ACP also holds a strong position in the market for testing and measurement equipment. The company’s clients include Siemens, Philips and Toshiba.
ACP is expected to generate revenue over MEUR 5 in 2008, and the company employs 16 people in Jyllinge, Denmark.
“I am very pleased to now have the opportunity to develop and grow Danfysik ACP A/S as an independent company supported by a professional investor,” says ACP’s CEO Henrik Elbæk Pedersen.
“Danfysik ACP A/S is a true hi-tech company with a unique technology and products. We are convinced that the company’s strong position as market leader in the MRI scanner market provides a good platform for exploring new business opportunities – for instance, in the semiconductor segment – and therefore further growth in the coming years,” says CapMan Partner Tommy Valther Hansen.
The transaction is made by the new company being established, and is expected to be closed during December. The company’s management will become a minority owner in the company. The closing is conditional on receiving approval from the competition authorities. CapMan Plc is a substantial investor in CapMan Technology 2007, the fund investing in ACP.
For more information, please contact:
Tommy Valther Hansen, Partner, CapMan Technology, +45 35 25 99 32 or +45 29 41 14 80
CapMan is one of the leading alternative asset managers in the Nordic countries and Russia and manages private equity funds with approximately EUR 3.2 billion in total capital. CapMan has six investment areas (CapMan Buyout, CapMan Technology, CapMan Life Science, CapMan Russia, CapMan Public Market and CapMan Real Estate), and each of them has a dedicated team and funds. Altogether CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, Oslo and Moscow. CapMan was established in 1989 and its B shares are listed on the Helsinki Stock Exchange since 2001.