Ambienta's Lakesight bolts on Chromasens

The Italian GP provided additional capital to support the acquisition, unquote" understands. However, further financial details on the deal remain undisclosed.

Following the acquisition, Ambienta will retain a 90% stake in the business, while the management team will hold a 10% minority stake. The group expects to generate pro-forma sales of €40m in 2017 and is keen on boosting its expansion through further acquisitions across the industrial image processing sector.

The deal is the third bolt-on acquisition for Ambienta's Munich-based buy-and-build platform Lakesight, which acquired in 2012 the Italian company Tattile, focused on machine vision systems for industrial and mobility applications such as traffic systems, and Mikrotron, a German high-speed cameras manufacturer, in 2015.

Ambienta acquired a 95% stake in Lakesight in October 2012 via its maiden vehicle, Ambienta I, which held its final close on €217.5m in October 2009, according to unquote" data, and is currently in its divestment phase. The GP's €323.5m second vehicle, Ambienta II, is currently 50% invested.

Company
Chromasens is based in Konstanz and was founded in 2004 following Océ Group's MBO, led by its current managing directors Markus Schnitzlein and Martin Hund.

The company produces industrial image processing systems for scan cameras and industrial lighting technology, as well as software for its products. The business claims several industrial application for its products, including inspection, engineering and security, focusing on quality standards, reducing waste and improving energy and materials efficiency.

The business currently employs a 60-strong staff and generated €10m in revenues in 2016.

People
Ambienta – Mauro Roversi (partner, chief investment officer); Giancarlo Beraudo (principal).
Lakesight Technologies – Markus Schnitzlein, Martin Hund (managing directors).

Adivisers
Buyer – P+P Pöllath + Partners (legal); NCTM (legal); KPMG (financial due diligence, tax); Vision Ventures (commercial due diligence); CBA Studio Legale (tax); Industrie Consult International (M&A).
Debt – Pedersoli (legal).

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• Topics
• Expansion
• DACH
• Industrials
• Build-up
• Acquisition finance
• Germany
• Ambienta