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."
About Procuritas
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.
About Contex
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.
Source: Contex
Editor: PR Wire
Copyright © ANTARA 2013
