Press & News

August 03rd 2016 - Press Release

Private Equity Fund EMERAM invests in Xovis AG, a leading Swiss provider of Person Tracking Technology

Munich, 03 August 2016 - Funds advised by the Munich-based Private Equity firm EMERAM Capital Partners GmbH ("EMERAM") invested jointly with the management team in Xovis AG ("Xovis") to further support Xovis' growth strategy. The parties agreed not to disclose the purchase price.

Xovis manufactures and develops tracking sensors and measurement tools, as well as analysis software and stands for guaranteed Swiss-engineered quality. The company provides the airport industry's leading system for passenger tracking, flow measurement and analysis. In addition, a comprehensive 3D Optical High Resolution Sensor portfolio is available for retail and industry customers (such as transportation, building management and security) for person tracking and counting applications with unmatched precision. On top of the sensor system, Xovis develops software solutions for the management of airports and retail companies targeting specific needs of different customers.

David Studer, co-founder and CEO of Xovis AG, said: "Since 2008 we have developed Xovis to a leading provider for person tracking technology, currently serving the airport and retail markets. My co-founders, the management and I are very pleased to collaborate with EMERAM, the perfect partner to support our growth strategy. Our goal is to strengthen the existing business units and to establish Xovis as a worldwide leader in different markets and business areas. EMERAM offers broad experience and expertise in company scaling, provides us with access to a valuable network and shares our spirit and dedication for what we are doing."

Volker Schmidt, Founding Partner of EMERAM Capital Partners commented: "Given the increasing importance of passenger satisfaction in the fast-growing airport market and the growing demand for KPI-based management in retail, Xovis is active in a future market with great growth potential. The unmatched sensor precision and the comprehensive sensor and system portfolio developed by Xovis open up diverse expansion opportunities into further international markets, industry segments and areas of application. We are looking forward to exploiting these opportunities in partnership with the Xovis management."

The equity for this transaction was provided by EMERAM Private Equity Fund I and the Xovis management team. EMERAM Capital Partners was advised by Schellenberg Wittmer (legal), Alvarez & Marsal (financial), Estin & Co (commercial), Taxpartners (tax) and Willis Towers Watson (insurance).

The Xovis founders were advised by GCA Altium (M&A) and Wenger & Vieli (legal).