capiton Portfolio Company RAITH Group to acquire Xnovo Technology ApS
RAITH Group (“RAITH”), a leading developer and manufacturer of maskless nanofabrication systems and characterization solutions, announces the acquisition of Xnovo Technology ApS (“Xnovo”), an innovative technology development company specializing in advanced imaging methods and materials characterization. Xnovo was founded in 2012 as a spin-out from Denmark Technical University (DTU) and is headquartered in Køge, Denmark. The company is headed by Dr. Erik Lauridsen and Dr. Christian Holzner and employs 32 people.
This transaction further strengthens RAITH’s software competences and enables RAITH customers to characterize process-related aspects through modern AI-enabled software. Through the combination, the Group expands its end-industry footprint and boosts its resources to quickly implement high quality software solutions to emerging application requirements.
Dr. Michael Steigerwald, CEO of RAITH said, “We are thrilled to welcome Xnovo to RAITH, a move that aligns perfectly with our strategic vision of challenging the frontiers of nanotechnology and breaking into new dimensions by enhancing our ability to innovate and deliver exceptional value to our customers. We are convinced that we will realize outstanding technological and structural synergies that will affect customer workflows and markets. In collaboration with the Xnovo team led by Dr. Erik Lauridsen and Dr. Christian Holzner, we look forward to developing new solutions for our customers’ challenges.”
For more information, visit https://raith.com/news
capiton AG and RAITH Group were advised by Caribbean Waters (Commercial), Rödl & Partner (Financial), NEON (Legal) and Ashurst (Financing).
About capiton AG
capiton is an independent, owner-managed private equity firm that manages a total fund volume of €1.6 billion. The investment portfolio of capiton AG currently comprises 19 medium-sized companies.
As an equity partner, capiton supports management buy-outs and growth financing in established medium-sized companies.
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