Hannover Finanz acquires Kofax's hardware division
Private equity firm Hannover Finanz has acquired Kofax's hardware division, formerly known as Dicom Group, for around $20m.
Kofax is a provider of document driven business process automation solutions. The company will be renamed Dicom International AG and, according to rumours, current senior vice president Joachim Froning will become chief executive of the restructured company. The deal will be closed in March 2011.
Dicom International AG supplies more than 3,000 resellers and mainly specialises in distributing scanners. The company was launched in 1991 in Rotkreuz, Switzerland, and employs 200 people, with operations in 19 locations in Europe.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Diana Petrowicz on +44 20 7004 7505 or diana.petrowicz@incisivemedia.com
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