VækstPartner Kapital, founders and management, sell CIM Industrial Systems to XANO
Introduction
The listed Swedish industrial group, XANO, has signed an agreement to acquire all shares in CIM Industrial Systems A/S with subsidiary, a leading Danish Pharma/Industry 4.0 production software specialist.
CIM is a leading production software specialist. Based on own frameworks and products, CIM provides end-to-end production software solutions within Industrial IoT, Track & Trace/Serialization, Machine Vision and Test & Measurement, as well as related custom work. CIM’s solutions enable their customers to make business critical decisions based on reliable data. Customers include blue-chip pharmaceutical and infrastructure companies.
CIM’s industrial software products and development resources will complement and complete existing automation operations within the XANO Industrial Solutions business unit. The acquisition adds technical software expertise and brings access to new market segments. There are positive development opportunities for the business concept internationally and many of CIM's services are directly applicable to the proprietary systems within the business unit. CIM’s products and services may also be offered to customer in the Group’s other business units.
XANO's acquisition of CIM marks the end of a successful ownership of the private equity fund VækstPartner Kapital, which has owned 35% of CIM since 2018. In the intervening three years, CIM has amongst other managed to increase its pharma related activities from 15% to 40% of revenue, and the share of revenue from in-house developed software products has been increased from 5% to 20%.
Oaklins was engaged by the owners of CIM as the exclusive financial advisor in this transaction.
We are very pleased with Oaklins’ support throughout the sales process. Oaklins has from day one demonstrated a solid understanding of our industry, and the collaboration has been seamless. With Oaklins’ help, we are confident that we have found the best possible future owner for CIM.MICHEL SEIDELIN, CEO - CIM INDUSTRIAL SYSTEMS
About CIM Industrial Systems
Located in Copenhagen, Aarhus and Fredericia, CIM is Denmark’s leading Pharma/Industry 4.0 production software specialist. Established in 1998, CIM has more than 20 years of experience, and today has about 50 employees. Revenue totalled DKK 56 million in 2020. The company is in an expanding phase, and expects a growth of approx. 15% in 2021. CIM provides end-to-end solutions that secure data, provide insights and enable decisions for companies. Key software products are SPECTS (Machine Vision), S3 (Serialization for Pharma), FACTS (data analysis module), and CATCH.AI (production decision platform based on machine learning). The customer base includes blue-chip Danish pharmaceutical, industrial and infrastructure companies.
Read more about CIM on the website: www.cim.as
About XANO Group
XANO develops, acquires and operates niche engineering companies offering manufacturing and development services for industrial products and automation equipment. The Group’s operations are divided into three business units and are represented in the Nordic countries, Estonia, the Netherlands, Poland, China and the USA. Consolidated revenue totals approx. SEK 2.7 billion and the number of employees is around 1,200. The XANO share has been listed on the Stockholm Stock Exchange since 1988.
Read more about XANO Group on the website: www.xano.se
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