After seven years of ownership, Priveq Investment has together with CapMan, Northzone and other shareholders divested its holding in Silex Microsystems AB to GAE Ltd, a Hong Kong based investment holding company. Edvard Kälvesten, the founder and CEO of Silex, retains 2% of the shares in the company.
Silex was founded in 2000 and is the world’s leading pure-play MEMS foundry. The company manufactures MEMS components for sensors, actuators and three-dimensional precision structures used in various applications and industries ranging from medical and biotech to telecommunications and consumer electronics. During 2014, the turnover was SEK 230m and operating profit approximately SEK 30m. Silex is headquartered in Järfälla, north of Stockholm, with subsidiaries in Boston and San Francisco with 140 employees in total.
“During our ownership period, we have together with other owners and management fivefolded the production. Through intense work refining and streamlining production, we have created a stable platform for continued growth. We look forward with great interest to see what management in cooperation with a strong international partner will achieve during the continued growth journey” says Magnus Hardmeier, CEO of Priveq Investment.
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