FREDRIKSTAD, Norway — Norwegian projector manufacturer projectiondesign announced a change in ownership to include Norwegian private equity firm Herkules Capital AS. The move follows the purchase of a 54 percent share in projectiondesign from previous main shareholder, Eker Group AS, headed by Norwegian industrial designer Bård Eker. projectiondesign currently has 135 employees, including in-house product testing and research & development in electronic, optical and mechanical system design, and the company has grown significantly since it was established in 2001.
“projectiondesign is an exciting growth company, and is an attractive opportunity for Herkules. We have been familiar with the company for some time now and believe that there are good opportunities for organic growth in all parts of the world,” said Tore Rynning-Nielsen, partner of Herkules Capital. “projectiondesign’s technical expertise is world class, the goal now is to expand the application areas and products and really focus on supporting and expanding their customer base.”
Jørn Eriksen, president & CEO at projectiondesign adds, “We are proud to announce this change in ownership, which will fuel the acceleration of our already enviable business performance. We intend on staying sharply focused on executing the release of some of the world’s most exciting market-specific display products that will continue to delight our current and new customers and partners internationally.”
For more information, please visit www.projectiondesign.com.
