Norwegian projector manufacturer projectiondesign has announced that private equity firm Herkules Capital has acquired a 54% stake in the firm from main shareholder the Eker Group.
“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,” said
partner in Herkules Capital, Tore Rynning-Nielsen. “the company’s
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.”