Gimv takes majority stake in Summa

Company management invested alongside Gimv as part of the deal, acquiring a minority stake in the group.

The GP will support the group's international expansion, mainly in the US and Asia, and help improve product innovation and marketing. Summa would also like to increase its share in the flatbed cutter market.

The company changed owners several times since being founded in 1973, and was acquired by a US owner and two Belgian partners from the current management team in 1999.

In 2015, the company registered a €17.7m turnover, which it is seeking to increase by at least 50% by 2020.

Company
Summa is specialised in roll cutters that can quickly cut flexible materials on rolls, allowing hard materials to be cut into complex shapes. For some years, the company has also been operating in the flatbed cutter market. Both types of machines are used by the graphic design industry in the final cutting process of cardboard, fabric, vinyl, acrylic sheets, etc. The group operates via an international network of subsidiaries.

The company is based in Gistel, Belgium, and was founded in 1973. It currently counts 52 employees and achieved €17.7m in revenues in 2015.

People
Gimv – Tom Van de Voorde (partner).

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