|

projectiondesign Announces Change in Ownership
October 6, 2009
Source: projectiondesign
New ownership
spurs strong growth, increased product development and focus
on partner support
Norwegian high performance projector manufacturer, projectiondesign
is capitalizing on the growing global demand for high-quality
products as well as partner support with the announcement
of a change in ownership to include Norwegian private equity
firm Herkules Capital AS.
The move follows the purchase of a 54% share in projectiondesign
from previous main shareholder, Eker Group AS headed by top
Norwegian Industrial Designer Bård Eker.
projectiondesign has emerged as an industry leader in the
creation, development, design and manufacture of high-quality
projectors for specialist professional, industrial and private
sector applications.
The company currently has 135 employees,
including in-house product testing, research & development
in electronic, optical and mechanical system design, and has
shown strong growth since being established in 2001.
"projectiondesign is an exciting growth company, and
is an attractive opportunity for Herkules. We have been familiar
with the company for some time now and believe that there
are good opportunities for organic growth in all parts of
the world." says partner of Herkules Capital, Tore Rynning-Nielsen.
"projectiondesigns technical expertise is world
class, the goal now is to expand the application areas and
products and really focus on supporting and expanding their
customer base."
Jørn Eriksen, President & CEO at projectiondesign
adds, We are proud to announce this change in ownership,
which will fuel the acceleration of our already enviable business
performance. We intend on staying sharply focused on executing
the release of some of the worlds most exciting market-specific
display products that will
continue to delight our current and new customers and partners
internationally.
Submit a Company
Submit News
Submit a Job
Submit an Event
|