Saic Holding Investors combine know-how
Ib Nykjær, CEO of Saic Holding, is excited about the transaction: "The acquisition will allow even closer integration between Frontmatec's software and our equipment, creating the best possible combined solution for customers. We're delighted to be in a position to make a major acquisition of this kind on the strength of Axcel's ownership. I'm really looking forward to working with Frontmatec, and it'll also be interesting to explore the potential in areas where the company already has a strong position, including both the food and utilities industries."
Saic Holding was formed in the summer of 2016 through the acquisition of Sfk Leblanc, Attec, Itec, and Carometec – producers of advanced slaughterhouse equipment. The combined business is a global market leader in high-tech production lines for the slaughterhouse industry, with a customer base that includes global food producers such as Danish Crown, Tönnies, Tyson Foods, Triumph and Miratorg. The company has activities in Denmark, Germany, the Netherlands, Canada, the US, China, Spain, Poland, Russia and Thailand.
Kurt Andersen, CEO of Frontmatec, comments: "We're so happy that Via Venture Partners was able to see the strength of our business model. We've been a leading supplier of Mes, Scada and automation solutions for 30 years, but we're now ready to move to the next level. As part of Saic Holding, under Axcel's ownership, we'll be able to accelerate our international rollout, which is something we're really looking forward to."
Frontmatec was founded in 1983 and has grown into a leading supplier of innovative automation and industrial IT solutions for the food and utilities industries. In the food industry, customers include slaughterhouse groups such as Danish Crown, Tican and Atria as well as global market leaders in production equipment for the slaughterhouse industry such as Attec and Sfk Leblanc. In the utilities sector, the company serves a large number of Danish companies working in wastewater, water and energy. Frontmatec is unique in having proprietary software platforms for Mes (manufacturing execution systems) and Scada (supervisory control and data acquisition).
The transaction is expected to be completed by the end of 2016 and is contingent only on approval from the competition authorities.