CapMan invests in Lumex Instruments
(Thomson Reuters ONE) -
CapMan Press Release 11 October 2011 at 9:00 am EET
CapMan invests in Lumex Instruments
CapMan Russia, a leading Russian private equity fund managed by CapMan, has
acquired a 29% share in a Russian laboratory analytical equipment manufacturer
Lumex Instruments. With operations in Russia, the CIS, China, the European
Union, the USA and Canada, the company aims at becoming the leading player in
its field globally. In the coming years, CapMan will accelerate Lumex's
international expansion.
Headquartered in St. Petersburg, Lumex is an innovative developer and
manufacturer of analytical instruments. The products are used in a large number
of scientific, industrial and environmental applications in various industries.
Lumex has a leading position in Russia and currently exports to more than 70
countries worldwide. Going forward, Lumex seeks to expand to the Life Science
market with attractive growth opportunities. The company's turnover is expected
to exceed ?11 million in 2011.
"With proven business model, high-quality products and major growth potential,
Lumex is an excellent fit to our investment focus in Russia. Our goal is to
further develop the company's existing strong position in its current markets
and to help the management in building Lumex into a truly international player.
In addition, we will focus on strengthening the company's distribution and
marketing functions to accelerate growth and expansion to new market segments",
says Maxim Popov, Investment Director at CapMan in charge of the investment.
"We are happy to team up with CapMan to further develop Lumex. As an established
investor in the Russian market, CapMan has a strong track record in backing
successful companies. I am therefore confident that by working together with
CapMan, we will achieve our goal of becoming one of the leading players in the
analytical instruments market globally", says Alexander Stroganov, CEO of Lumex
Instruments.
CapMan Russia currently holds approx. 29% of the shares in Lumex and is
targeting to increase its ownership to 44% during the next year. The founding
shareholders will hold the remaining shares. CapMan Plc is a major investor in
CapMan Russia fund.
Further information:
Maxim Popov, Investment Director, CapMan Russia, tel. +7 495 620 48 85
Alexander Stroganov, CEO, Lumex Instruments, tel. +7 812 718 55 81
CapMan www.capman.com
CapMan is one of the leading private equity firms in the Nordic countries and
Russia, with assets under management of ?3.4 billion. CapMan has four key
investment partnerships - CapMan Buyout, CapMan Russia, CapMan Public Market,
and CapMan Real Estate - each of which has its own dedicated investment team and
funds. Altogether, CapMan employs approx. 120 people in Helsinki, Stockholm,
Oslo, Moscow and Luxembourg. CapMan was established in 1989 and has been listed
on the Helsinki Stock Exchange since 2001.
Lumex Instruments www.lumex.biz
Lumex is a leading Russian analytical instrumentation company founded in 1991.
The Company develops and manufactures state-of-the-art products, which are used
in a large number of scientific, industrial and environmental control
applications in the food and beverages, power and utilities, agriculture,
chemical, and other industries. Lumex has a dominant market share in Russia and
significant market share in a number of analytical technologies markets
worldwide. Currently, 25% of the company's products are sold outside the CIS.
Lumex has a holding company in Cyprus, production facilities in Russia and Sales
& Service offices in Russia, Germany, China, and the USA.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: CapMan Oyj via Thomson Reuters ONE
[HUG#1553787]
Unternehmensinformation / Kurzprofil:
Datum: 11.10.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 74446
Anzahl Zeichen: 4547
contact information:
Town:
Helsinki
Kategorie:
Business News
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"CapMan invests in Lumex Instruments"
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