Emeram buys Swiss technology business Xovis

Emeram, which acquired a majority stake, invested alongside the company's management, deploying capital from its Emeram Private Equity Fund I.

The business was acquired via an auction process organised by Altium.

The investor plans to grow the business by expanding into new markets. Counting several airports among its customers, Xovis now hopes to enter sectors such as transportation and facility management.

Company
Founded in 2008 and based in Bern, Xovis develops tracking sensors and measurement tools, as well as analysis software. The company offers a system for passenger tracking, flow measurement and analysis for airports. It also produces 3D optical sensors for retail and industry customers.

People
Emeram Capital Partners - Volker Schmidt (founding partner).
Xovis - David Studer (co-founder, CEO).

Advisers
Equity - Schellenberg Wittmer (legal); Alvarez & Marsal (financial due diligence); Estin & Co (commercial due diligence); Taxpartners (tax); Willis Towers Watson (insurance due diligence).
Vendor - Altium (M&A); Wenger & Vieli (legal).

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