Clessidra Private Equity SGR – one of the largest Italian private equity firms focused on the upper-mid market and part of Clessidra Group, a leading alternative investment operator in Italy – announced the acquisition of MiCROTEC from the Austrian GSS GmbH. Federico Giudiceandrea, Founder and President at MiCROTEC, will retain his stake in the company and continue his crucial involvement in the company’s R&D strategy, shepherding the business through its next wave of innovation.
Since its foundation, MiCROTEC has secured its competitive edge thanks to a complete in-house development – conducted by a skilled team composed of more than 150 engineers – of all relevant key components and software solutions. Today, MiCROTEC is able to offer integrated scanning solutions for both the wood processing and, with the brand BIOMETiC, the food quality control markets.
Over the last decade, MiCROTEC’s expansion was pushed by the European core market, the ramp-up of the North American market, and the addition of the service business. Globally, machine vision solutions continue to grow significantly across a series of end markets as clients tend to invest robustly in such solutions to improve their production processes and to achieve higher levels of efficiency, yield, and quality.
The investment in MiCROTEC of Clessidra will support management’s ambitious growth plans, building upon MiCROTEC’s strong momentum. As part of the transaction, Federico Giudiceandrea will reinvest in the business and remains instrumental, along with key senior managers, CEO Frank Jöst, and CSO Arianna Giudiceandrea, in ensuring continuity for the company’s next phase of growth.
From left to right: Frank Jöst (CEO MiCROTEC), Federico Giudiceandrea (President & Founder MiCROTEC) and Arianna Giudiceandrea (CSO MiCROTEC)
“We founded, in 1980, a company that has evolved into an international leader in its space. We are very pleased to partner with Clessidra, whom we believe will accelerate MiCROTEC’s global expansion and segment diversification,” said Federico Giudiceandrea, President at MiCROTEC. “Clessidra appreciates our uncompromising commitment to innovation and excellence to keep our company at the utmost forefront in the machine vision industry, and we know their financial and operational expertise will be invaluable during this next phase of growth. Together with Clessidra, we look forward to increasing our global footprint and continuing our expansion path while staying true to the qualities and values that have permitted us to reach our current position.”
“We are thrilled to partner with MiCROTEC, which over last years has established itself as preferred partner for world leading players, both in the wood and the food industry”, said Andrea Ottaviano, CEO at Clessidra Private Equity SGR. “MiCROTEC has consistently outperformed its reference markets generating double digit revenue growth for the last 15 years. We would like to thank the Springer family for their invaluable role in past years and we look forward to continuing the successful collaboration.”Rebecka Swenson, Managing Director at Clessidra Private Equity SGR added: “We see tremendous market expansion opportunities given continued focus on innovative scanning solutions, and as we project to build on current success, our aim is also to identify adequate targets across core segments to accelerate the already outlined organic growth path. In this context, we are thrilled to work with Federico and the outstanding team at MiCROTEC to support their vision.”
See the full press release of CLESSIDRA here.
