Established in 2002, Herkules Capital's investment portfolio runs the gamut from mobility accessories provider Handicare to mattress maker European House of Beds and video signal-processing specialist Nevion.
J_rn Eriksen, president & CEO at projectiondesign, told II: "The greatest strength in this is that we have a very strong financial backbone. We are able to be more at the forefront with technology and product developments, without taking back-breaking risks! We are introducing many great and interesting products in the very near future, some of which are completely revolutionary and unseen. I think this announcement is all good for us and our partners that we work with."
Herkules Capital partner Tore Rynning-Nielsen commented: "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. Projectiondesign'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."
The new ownership structure marks the start of a new chapter for projectiondesign, which has established a strong profile for its professional projectors since it was founded in 2001. The remaining 46% stake is held by projectiondesign employees.