Euresys, one of the leading providers of video acquisition and image processing components for machine vision, is proud to announce that Marc Damhaut (CEO) and three other executives, Claude Latin (COO), Jean-Michel Wintgens (VP, Engineering) and Jean-Bernard De Bal (VP, Business Development), have led a management buy-out of the business.
Euresys, one of the leading providers of video acquisition and image processing components for machine vision, is proud to announce that Marc Damhaut (CEO) and three other executives, Claude Latin (COO), Jean-Michel Wintgens (VP, Engineering) and Jean-Bernard De Bal (VP, Business Development), have led a management buy-out of the business.
The acquisition has been finalized on July 31, 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 the U.S. (San Juan Capistrano, California).
The business has enjoyed a highly successful period of growth since 2012 and the arrival of Damhaut as CEO. 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," said Damhaut. "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."