The domestic investment group ARX Equity Partners have acquired the Slovenian company Instrumentation Technologies (I-Tech). Which specializes in the development and production of devices used for scientific purposes in particle accelerators. The company uses its know-how and research department, for example, to develop and manufacture devices for proton radiotherapy.
The transaction also includes Red Pitaya, whose laboratory develops hand-held measuring and testing instruments such as oscilloscopes and signal generators. These devices are widely used mainly among electrical engineering enthusiasts and students.
“We were impressed by the company’s unique global position, its know-how, and excellent management, which wanted to continue developing the company, which is important for us – as a financial investor -” ARX Equity Partners partner Michal Aron said.
The company’s sale was started by its owner and founder Rok Uršič, while he chose a good time. The interest in technology companies is now great among investors. “I-Tech is in the best condition in its history,” Ursic said of the transaction, adding: “I am convinced that together with the I-Tech team, ARX can do even greater things.”
The parties did not disclose details of the transaction. However, the company’s annual revenues are about ten million euros (about 250 million crowns). The Slovenian specialist also supplies his products to NASA or the National Laboratory in Los Alamos, one of the world’s largest scientific institutions.
ARX has long-term experience with the Slovenian market, having three investments in the past. “They were all successful for us, so Slovenia is interesting for us, and we can say an important market in which we have a good reputation and position,” says Aron.
After all, the ARX Group is not the only domestic investor interested in the Slovenian market. Specifically, the RSBC group of billionaire Robert Schönfeld owns the Arex armory and the Zlati Grič winery in Slovenia.