Aurelius-backed Calumet Wex bolts on Foto-Video Sauter

Following the deal, Calumet Wex expects to consolidate its market position in the photography and video products sector, and increase its revenues by around 10%. Meanwhile, Foto-Video Sauter plans to use the fresh capital to boost its growth and further expand its product offering by adding secondhand products, and repair and leasing services. The company will continue to operate under its own brand name.

Aurelius acquired multi-channel photography retailer Calumet Photographic in June 2016. The deal was part of the acquisition of Calumet International, the holding company of Calumet Photographic and professional lighting producer Bowens Lighting.

Subsequently, in March 2017, Aurelius bought UK-based Warehouse Express – which trades under the Wex Photographic brand – from Barclays Ventures, and merged the company with Calumet. The combined group operates 18 stores located in Germany, Belgium, the UK and the Netherlands, as well as online shops. It generates annual revenues of €200m.

Company
Based in Munich, Foto-Video Sauter is a multi-channel retailer of cameras, video cameras, scanners and photography accessories. The products offered by the company are sold online, in a shop located in Munich and in a retail space in Rosenheim. It generates annual revenues of €22m.

People
Foto-Video Sauter – Bernd Sauter (founder, managing partner).

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