Z-Laser bought by Boston-based private equity firm
Z-Laser has been bought by Boston-based private equity firm Union Park Capital.
The manufacturer of laser sources and laser projectors will serve as the core and initial asset in Union Park’s newly created holding company, Exaktera.
Found in 1985, Z-Laser develops lasers for positioning and measurement systems. Its laser sources are used for positioning patients in MRI machines and CT scanners, along with assuring precise alignment and measurement within wood, tyre, concrete, automotive and other industrial segments.
'The Union Park Capital team has extensive experience investing in family-owned European businesses, specifically in Germany,' said Kurt-Michael Zimmermann, founder of Z-Laser. 'As our relationship with Union Park developed, we realised our vision for the future could not have been more aligned. Their strategy of keeping businesses operating autonomously and their willingness to allow us to continue to pursue our goals was very appealing.'
Zimmermann said the new owners are keeping the existing Z-Laser team in place, with Dr Hans Ebinger remaining as CEO. 'The result [of the deal] will be great for our customers, my loyal employees, and the brand reputation we’ve all worked so hard to build,' Zimmermann added.