Capvis Equity V, a fund advised by the Swiss private equity firm Capvis AG, has acquired a majority stake in Swiss headquartered Xovis, a specialist in 3D sensors and software solutions for accurate counting and analysis of people flows.
Capvis has acquired Xovis from funds advised by financial investor Emeram Capital Partners.
The three founders and executive board members of Xovis, Christian Studer, David Studer and Markus Herrli will remain shareholders of the company.
“Together with Capvis, we will enhance Xovis’ technological leadership and continue on our growth path. Capvis’ international network will enable us to significantly expand growth markets such as Asia and the USA”, says Studer. “We chose Capvis as our partner because we share the same goals of investing in innovation and growth. We are convinced that, together with Capvis, our success story will continue.”
Simon Lussi, Investment Director at Capvis, adds: “As a high-tech company from Switzerland and with such an impressive development, Xovis has been inspiring us for some time. The outstanding technology paired with intelligent applications and a strong management team offer growth potential in a market that is still in its early stages. We are pleased to support the management of Xovis in the future development of the company and to jointly advance the company’s success.”
