Contex Group Sold to Private Equity Fund

By DE Editors

 The Swedish private equity fund Ratos AB will buy the Contex Group (Allerod, Denmark), which includes Contex, Vidar, and Z Corp., from EQT Danmark, also a private equity group, and other shareholders. Contex makes wide-format scanners, and Z Corp. makes rapid prototyping systems. Vidar sells wide-format scanners and medical imaging systems. Ratos will pay approximately US$240 million for Contex Group. The deal is subject to regulatory approval.

Svenn Poulsen, Contex president and CEO, says the transfer in ownership won’t affect daily operations, corporate structure, or management. He expects Contex to continue to follow its “Vision 2012” strategy plan, which “prescribes a strong organic growth through 2012 with a doubling of the Group’s turnover, supplemented with targeted acquisitions of companies that can add further value to us.”