07 Nov 06
Stockholm based private equity fund, Litorina Kapital announces the sale of portfolio company Sensistor, a leading company within industrial leak detection and industrial leak testing products and expertise, to Alcatel Vacuum Technology. Alcatel is the leading supplier of Analytical Leak Detection Instruments, Vacuum Solutions and Industrial Applications. Sensistor will, through its unique hydrogen sensor based products, significantly strengthen Alcatel Vacuum Technology’s product portfolio at the same time as the company will get access to Alcatel’s global sales and distribution network.
Since Litorina’s investment in year 2000, Sensistor has achieved 24% annual revenue growth with increasing profitability. The company’s focus has been on organic growth through the establishments of subsidiaries and achieving greater global reach through expanding the distribution network. In addition, Sensistor has focused its resources on research & development. The company headquarters is located in Linköping, Sweden, and has subsidiaries in Germany, United Kingdom and the US. - “We are delighted with the sale of Sensistor to Alcatel Vacuum Technology”, says Harold Kaiser Senior Partner at Litorina Kapital. “Litorina has, together with management, during its holding period in Sensistor completed a number of strategic and operational activities in order to reach the current level of the company and we firmly believe that Sensistor can continue to develop positively in this new industrial environment. The sale represents a good return to our investors and further proves the value of investing in small industrial companies.”
For further information, please contact:
Senior Partner, Litorina Kapital
Tel: +46-8-545 181 84, +46-708- 54 38 00
Tel: +46-13-35 59 00, +46-70- 531 34 22
About Litorina Kapital
Litorina Kapital, founded in 1998, is a private equity firm that focuses on acquiring and industrially developing small to mid sized companies in the Nordic region together with senior management. Litorina offers extensive, in-depth expertise through its own organization and its network of industrial advisors.
Litorina Kapital is backed by well recognized long term institutions that together have invested approximately SEK 1 000 million in Litorina Kapital for investments in the Swedish Lower Mid-Market. For more information, please visit www.litorina.se
Sensistor develops and markets hydrogen based sensor systems for leak detection and industrial leak testing and equipment for analysis and measurement of hydrogen, where the gas is used as an energy source, e.g. fuel cells. Sensistor’s technology is unique and the customer base includes leading companies worldwide. Example of customers to Sensistor’s products are Airbus, ABB, Ballard, BMW, British Telecom, Daimler Chrysler, Electrolux, General Motors, Porsche, Toyota, Verizon and Volvo.
The company was founded in 1981 as a spin-out from Linköping Institute of Technology and has its headquarters in Linköping, Sweden, with subsidiaries in US, Germany and Great Britain. For more information, please visit www.sensistor.se