IK Investment Partners acquires LAP Group
IK Investment Partners’ (IK) IK VIII Fund is to acquire LAP Laser Applikationen (LAP), a provider of laser positioning systems as well as quality assurance (QA) software and hardware used during radiotherapy treatments, from capiton.
LAP was established in 1984 and provides laser measurement and projection systems used in highly attractive and diversified niche end-markets within the healthcare and industrial segments.
“With our high precision and easy to use measurement and projection systems, LAP has formed long-standing relationships with our global radiotherapy and industrial blue-chip customers. IK is the perfect partner as they have a genuine understanding of the medical technology as well as our various other end-markets and share our growth strategy. Together as partners, we will continue contributing to improve the efficacy of radiotherapy treatments and industrial processes,” says Uwe Bernhard Wache, CEO of LAP.
“We were truly impressed of what LAP’s management team has achieved in the past few years. Together we will continue to build on the strong market position, expand the promising QA software offering and enter new application areas. IK is well-positioned to support LAP thanks to our experience in medical technology through our acquisitions of KLINGEL medical metal in 2018 and Marle in 2016,” says Anders Petersson, Partner at IK.
LAP represents the IK VIII Fund’s third mid cap acquisition this year, and the 14th acquisition announced by the Fund. Financial terms of the transaction have not been disclosed.