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Company Sale

Proventis Partners advises the shareholders of Omni Ray AG in the sale of a majority stake to Addtech Nordic AB.

Zurich, 01 April 2019 — Proventis Partners exclusively advised the shareholders of Omni Ray AG (“Omni Ray”) on the sale of a majority share in the Swiss automation company Omni Ray to Addtech Nordic AB (“Addtech”).

About the transaction

Proventis Partners exclusively advised the shareholders of Omni Ray AG, namely Omni Ray Holding B.V., and the company’s Managing Director Roger Muller, in the sale of a majority stake in Omni Ray. Omni Ray Holding B.V. belongs to the Dutch Private Equity Investor Nimbus, who acquired the Company in 2003.

On February 27, Addtech has signed an agreement to acquire the majority of the shares outstanding in Omni Ray AG, while the Managing Director of Omni Ray Roger Muller keeps a minor stake in the company.

The acquisition has closed on April 1.

Addtech has also decided to create a new business area named Automation to be effected as of April 1, 2019.

Addtech’s business area Components has grown significantly during the last years, both organically and through acquisitions. One of the areas with the highest growth is automation. The companies in Components specialized in products and solutions for automation, robotics, sensor technology, industrial networks, embedded computers and datacom infrastructure will now be organized in the new business area Automation.

“This will benefit both business areas Components and Automation as they can better focus on their respective opportunities and enables further growth potential with our scalable business model”, says Niklas Stenberg, Addtech’s President and CEO. “The new business area clarifies our automation offering even better to our customers. Omni Ray will play an important part in this, as the acquisition means that we strengthen our position in the European automation market significantly”, Niklas Stenberg continues.

Patrik Klerck, who is appointed new Business Area Manager for Addtech Automation, adds:

“Automation is a growing field and Omni Ray will definitely bring further strength to Addtech as the go-to partner for automation solutions. We also see considerable synergies between Omni Ray and our Nordic and Benelux companies regarding technology know-how and supplier network”.

Role of Proventis Partners

Proventis Partners has advised the shareholders and the management team of Omni Ray throughout the entire M&A process. Services provided included the preparation of full transaction documentation, identification and approach of suitable investors, due diligence support and negotiation of the commercial terms of the transaction

About Omni Ray

Omni Ray AG is a ZUrich-based technical trading company and service provider with a strong position on the Swiss market for automation solutions, mainly focused on industrial applications, infrastructure, transportation and medical industry. The company has a turnover of CHF 36 million and 65 employees.

About Nimbus

Nimbus is a Dutch hands-on Private Equity investor who invests in European-based industrial companies with a substantial and evident potential for improvement. Nimbus currently has approximately 25 companies under management, with sales between Euro 10 and 150 million each, in most European countries. Nimbus has offices in Zeist (the Netherlands), Munich (Germany) and Leeds (UK).

About Addtech

Addtech is a technology trading group that provides technological and economic value added in the link between manufacturers and customers. Addtech operates in selected niches in the market for advanced technology products and solutions. Its customers primarily operate in the manufacturing industry and infrastructure. Addtech has about 2,600 employees in around 120 subsidiaries that operate under their own brands. The Group has annual sales of about SEK 9,5 billion. Addtech is listed on Nasdaq Stockholm.

About Proventis Partners

Proventis Partners is a partner-managed M&A advisory firm whose clients include mainly corporate groups, medium-sized family businesses and private equity funds. With 30 professionals, Proventis Partners is active in the sectors Industrials, Business Services, Consumer & Retail, TMT, Healthcare and Energy and covers the German-speaking region with offices in Hamburg, Cologne, Munich and Zurich. Through its exclusive membership in Mergers Alliance – the international partnership of leading M&A specialists – Proventis Partners offers local market coverage in the 30 most important economies globally. The 20 members of the Mergers Alliance, with more than 200 M&A professionals, offer Proventis Partners and our clients unique access to local markets in Europe, North America, Latin America, Asia and Africa.