Euresys Eyes Growth after Management Buyout
LIÈGE, Belgium — Machine vision firm Euresys SA has been acquired from its founders and shareholders by a holding company controlled by four of its executives.
The management buyout was led by CEO Marc Damhaut; Chief Operations Officer Claude Latin; Jean-Michel Wintgens, vice president of engineering; and Jean-Bernard De Bal, vice president of business development.
From left to right: Jean-Michel Wintgens, Marc Damhaut, Claude Latin and Jean-Bernard De Bal. Courtesy of Euresys.
"We have some ambitious growth plans in place and we expect to continue with our current business strategy, with further organic growth anticipated," Damhaut said. "The business plan that has been created for the [management buyout] has identified a number of potential opportunities to explore in the near future."
The acquisition includes the company's headquarters in Liège, as well as offices in Singapore and San Juan Capistrano, Calif. The transaction provided Euresys with an appropriate funding structure to facilitate the change of ownership and will help support the management team's future growth strategy, the company said.
Founded in 1989, Euresys supplies video acquisition and processing components for machine vision and video surveillance applications. It offers image analysis software tools and frame grabbers, as well as video capture and compression cards and Internet protocol video encoders.