Konica Minolta signs definitive agreement to acquire Specim
Konica Minolta, Inc. (‘Konica Minolta’) announced today that Konica Minolta Sensing Europe B.V., its wholly-owned subsidiary for the sensing business, based in the Netherlands, has entered into a definitive agreement to acquire Specim, Spectral Imaging Oy (‘Specim’).
Specim is the leading global supplier of hyperspectral imaging solutions, offering the broadest range of hyperspectral cameras, imaging spectrographs, systems, and accessories. Specim is a recognised leader and forerunner created by pioneers in the commercialisation of hyperspectral imaging and has assembled a team of the world’s leading engineers in optics, electronics, software, and machine vision. Specim’s vision of ‘Spectral imaging made easy’ means that its customers can rely on the scalability of its technology and on increasing ease of implementation through ‘out of the box’ solutions.
Specim’s remarkable technological achievements and its global commercial success have so far been supported by its two Finnish investors, Nordic Option (since 2015) and Bocap (since 2017). Both investors welcome Konica Minolta as an acquirer, as this step forms part of a continuum of evolution for Specim.
In the spring of 2020, Specim’s investors and founders felt the company had reached a suitable point of maturity and opportunity, complemented by external interest, and initiated a competitive trade sale process resulting in offers from several global players. Of these, the Board determined Konica Minolta to be the perfect home for Specim’s technology, customers and employees. This transaction will fuel Specim’s growth through deployment of its technology and capabilities to global industrial markets under the trusted brand and experienced leadership of Konica Minolta. Specim was advised on this transaction by Bryan, Garnier and Co.
Nordic Option invested in Specim in 2015 to enable extensive development of the product portfolio. “Nordic Option is very proud of Specim’s development to global market leader in hyperspectral imaging. It has been great journey to work with the founders, management and Specim staff. Excellent is also that, upon the acquisition, Specim will continue to operate in Finland and intends to retain its existing offices and facilities in Oulu.” says Jaakko Lampela, CEO of Nordic Option.
The transaction is subject to customary closing conditions and authority approvals.
For further information:
Nordic Option Oy
Jaakko Lampela, CEO
tel. +358 50 566 5385