Stemmer Imaging plans initial public offering in Germany

Jan. 23, 2018
Stemmer Imaging, a provider of machine vision technologies and solutions for more than 30 years, is planning to float new and existing common shares on the Frankfurt Stock Exchange.

Stemmer Imaging, a provider of machine vision technologies and solutions for more than 30 years, is planning to float new and existing common shares on the Frankfurt Stock Exchange.

With a healthy and growing machine vision market, Stemmer Imaging looks to strengthen its market position in existing markets and to expand into new markets in Europe and beyond. With an initial public offering (IPO), Stemmer is looking toward the next step in its growth path.

"STEMMER IMAGING has grown very successfully over the past few years. We are now in a very good position to profit from the continued growth of the market for digital machine vision," said Christof Zollitsch, CEO. "In the coming years, we plan to boost our growth through focused international expansion, and improve our profitability in a targeted way by means of concept and product innovations. We are convinced that an initial public offering is the next step for us to take in order to drive our growth strategy."

At of the time of the announcement, SI Holding GmbH, a PRIMEPULSE Group company, holds all the shares in Stemmer Imaging. Going forward, it will continue to hold at least 51% of the shares in the company after the IPO capital increase is carried out, and the existing shares are sold in a secondary offering, and in the event the greenshoe option is exercised, according to the press release. Stemmer Imaging expects proceeds of around EUR 50 million from the placement of new shares regarding the IPO.

Hauck & Aufhäuser Privatbankiers Aktiengesellschaft will act as the sole global coordinator and sole bookrunner, and the IPO will only be made in Germany.

View more information on the announcement.

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About the Author

James Carroll

Former VSD Editor James Carroll joined the team 2013.  Carroll covered machine vision and imaging from numerous angles, including application stories, industry news, market updates, and new products. In addition to writing and editing articles, Carroll managed the Innovators Awards program and webcasts.

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