Sale of FocalSpec to Dutch listed company TKH Group
The Finnish technology company FocalSpec has been acquired by TKH Group NV, a Dutch listed technology company.
FocalSpec is a global pioneer in designing and manufacturing high-precision, high-speed optical sensors. Their unique and patented Line Confocal Imaging (LCI) technology is used in diverse, demanding quality assurance applications e.g. in the electronics industry. During 2019, FocalSpec made a breakthrough in mobile device manufacturing. FocalSpec was founded in 2009 as a spin-off from VTT, the National Technical Research Institute of Finland and is headquartered in Oulu, Finland. Apart from VTT Ventures, the company owners included Nordic Option, Veritas Pension Insurance, Sauli Törmälä as well as several other private investors.
TKH Group is a Dutch listed technology company focused on high-end innovative technologies in high growth markets. Employing more than 6,500 people, TKH achieved a turnover of € 1.6 billion in 2018. With this acquisition, TKH Group expands its vision technology with industry-leading confocal technology that solves applications in markets such as consumer electronics, battery, pharma, semiconductor and medical. FocalSpec will join the LMI Technologies group and operate under the LMI brand – a global leader in 3D inline scanning and inspection. FocalSpec’s R&D will gain additional resources and platforms from the LMI Group’s existing metrology operations. FocalSpec’s sales organization will be strengthened as the products will get access to the LMI Group’s sales network globally.
Oehlandt & Co acted as financial advisor to FocalSpec and its owners in this transaction.