Euresys Announces Management Buy-Out
Euresys, one of the leading providers of video acquisition and image processing components for machine vision, is proud to announce that Marc Damhaut (Chief Executive Officer) and three other executives, Claude Latin (Chief Operation Officer), Jean-Michel Wintgens (Vice President Engineering) and Jean-Bernard De Bal (Vice President Business Development), have led a management buyout of the business.
The acquisition has been finalized on July 31st 2015. Euresys has been acquired by a new holding company controlled by the existing management team. The acquisition includes the company’s headquarters in Liège (Belgium) as well as the offices in Singapore and San Juan Capistrano (CA, USA).
The business has enjoyed a highly successful period of growth since 2012 and the arrival of Marc Damhaut as Chief Executive Officer. This transaction has provided the company with an appropriate funding structure to facilitate the change of ownership and will help to support the management team’s future growth strategy.
“We have some ambitious growth plans in place and we expect to continue with our current business strategy, with further organic growth anticipated. The business plan that has been created for the MBO has identified a number of potential opportunities to explore in the near future." says Marc Damhaut, CEO. He continues: "We are delighted to have reached an agreement with the previous shareholders and the founders of Euresys. We would also like to take this opportunity to thank our employees, clients, distributors, partners, subcontractors and suppliers for their loyalty over the past 25 years.”
Founded in 1989, Euresys is a leading supplier of video acquisition and processing components for machine vision and video surveillance applications, with more than 25 years of imaging expertise, a worldwide customer base, and patented technology. Euresys offers a complete range of robust and powerful image analysis software tools and high-performance frame grabbers for industrial machine vision applications; as well as video capture and compression cards and IP video encoders for high-end video-surveillance applications.