- Published January 2018
We reported the sale of STEMMER IMAGING back in June, and it now looks as if the management team, which acquired a share of almost 25% in the company as part of the transaction, stand to gain as STEMMER has announced plans to make an Initial Public Offering (IPO) on the Frankfurt Stock Exchange during the first half of this year.
Parent Company SI Holding GmbH (a PRIMEPULSE company which also owns AL-KO Group) currently holds all of STEMMER’s shares and will retain a minimum of 51% after the IPO capital increase is carried out and the existing shares are sold in a secondary offering. Proceeds are quoted to be an expected €50M from the placement of new shares regarding the IPO.
STEMMER IMAGING has been run as a self-contained division of the AL-KO Group since its sale in 2017. It has been a major player in the European machine vision industry for over twenty years, and this move is expected to raise capital for further growth and acquisition. Watch out for geographical expansion and procurement of non-industrial machine vision technologies as STEMMER embraces the growth seen in digital machine vision, and the industry in general.