projectiondesign announces change of ownership

AUTHOR: Inavate

Norwegian projector manufacturer projectiondesign has announced that private equity firm Herkules Capital has acquired a 54% stake in the firm from main shareholder the Eker Group.

“projectiondesign is an exciting growth company, and is an attractive opportunity for Herkules. We have been familiar with the company for some time now and believe that there are good opportunities for organic growth in all parts of the world,” said partner in Herkules Capital, Tore Rynning-Nielsen. “the company’s technical expertise is world class, the goal now is to expand the application areas and products and really focus on supporting and expanding their customer base.”