News. 02/01/13

Procuritas Capital Investors V LP acquires Contex A/S from Ratos


Procuritas Capital Investors V LP (“PCI V”) acquires Contex A/S, the leading global manufacturer of advanced Large Format Scanners.

The acquisition will take place through a newly established Danish holding company.

“We are very excited about this opportunity. Contex is the clear global leader in Large Format Scanning with a comprehensive portfolio of scanners and software solutions. We think Contex has a great foundation to maintain and develop that position further going forward. The business has a strong product portfolio and a unique market position through its partnership with HP. We believe that it will be possible to develop that relationship further and increase the Large Format Scanner/Printer attachment rate.” said Tomas Therén (fmr Johansson), Partner at Procuritas Partners AB, advisor to PCI V.

Aage Snorgaard, CEO of Contex, added “The management team is truly excited about this opportunity to further develop and execute the group strategy in a more focused effort. We and PCI V have already set a clear agenda for how to develop this business further and make a good business even better. With Procuritas Capital Investors V as the owner, Contex will have the right focus and resources to further develop its product offering and maintain the customer perspective at the same time.”

About Contex A/S

The Danish Contex A/S is the world’s largest manufacturer of advanced 2D Large Format Scanners, sold through a distribution network of more than 175 distributors globally. The scanners are partly produced in-house at a factory in Svendborg, Denmark, and partly in Asia through a 3rd party contract manufacturer.

The company sales amounted to roughly USD 42 million in 2012.

More information about Contex can be found on

About Procuritas

Procuritas Capital Investors V is a private equity fund focusing on mid-sized companies in the Nordic Region. Contex A/S is the first investment by PCI V. PCI V is advised by Procuritas Partners AB and Procuritas Partners GmbH. Procuritas is specialized in initiating, structuring, and financing management buyouts. Founded in 1986, the company was the pioneer in introducing the concept of management buyouts in the Nordic region.

For further information, please contact:

Tomas Therén, Partner, Procuritas Partners AB, tel +46 8 506 143 00

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