Contex has been recognized for its award-winning products and long-term vision by Nordic private equity investor Procuritas. After an extensive commercial due diligence, the company was singled out as the long-term market leader in the wide format market, providing the greatest growth opportunities. As a result, Procuritas acquired Contex in December 2012, and has increased the company's research and development funding to support the launch of several new innovations in 2013 and the future.
Procuritas targets mid-sized companies that occupy strong positions within their respective markets and demonstrate considerable potential for accelerated growth. As a global large format imaging leader, Contex presents many growth opportunities. With this strategic investment, Procuritas will work closely with company senior management to develop new products to further strengthen Contex's leadership in the large format imaging industry.
Procuritas Partner Tomas Therén explains, "Contex has the vision, the ambition, the passion and the drive. That was our impression right from the beginning. With glowing references from other players in the wide-format industry, like leading printer-brand manufacturers, channel partners - even competitor partners - and not least end-customers, the choice was easy."
Tomas Therén continues, "We see a lot of value and growth opportunities with such solid and successful leadership of the large-format scanning industry. Contex has proven to have the strongest distribution channel, widest range of scanners, and the largest installed base of large-format scanning customers. It is our expectation that with the focus on innovative solutions, Contex will continue the expansion of wide format imaging technologies."