Ventizz-backed Exceet acquires Inplastor

The value of the transaction has not been disclosed, but it required no further capital from external investors.

Although the acquisition was a management decision, Ventizz stated that it provides strategic support to Exceet when requested.

In June this year, Ventizz reduced its stake in Exceet in a partial sale to a special acquisition vehicle listed on the Frankfurt Stock Exchange. It currently holds a significant minority stake in the company.

Inplastor produces plastic and chip cards for loyalty programmes and security solutions. Based in Vienna, Austria, it employs 30 staff and expects a €9m turnover for 2011.

General partner Willi Mannheims and investment director Daniel Saxena supported Exceet management in the acquisition of Inplastor.

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• Topics
• DACH
• Industrials
• Portfolio management
• Ventizz Capital Partners
• Austria