Z-LASER GmbH (“Z-LASER”) is pleased to announce its majority investment by Union Park Capital (“Union Park”), a Boston-based private equity firm focused on lower middle-market industrial technology investments. Z-LASER will serve as the core and initial asset in Union Park’s newly created holding company, Exaktera (“Exaktera”).
As an expert in laser-technology, Z-LASER designs and manufactures laser sources and laser projectors for positioning, measurement, and other specialty OEM applications. Since 1985, Z-LASER has solved their customers’ challenges in various niche applications from safely positioning patients in MRI machines or CT scanners, to assuring precise alignment and measurement within wood, tire, concrete, and automotive and other industrial segments. With a focus on advanced innovative technology and customer satisfaction, Z-LASER is a leader in laser modules and projection systems.
“The Union Park Capital team has extensive experience investing in family-owned European businesses, specifically in Germany” says Kurt-Michael Zimmermann, Founder of Z-LASER. “As our relationship with Union Park developed, we realized our vision for the future could not have been more aligned. Their strategy of keeping businesses operating autonomously and their willingness to allow us to continue to pursue our goals was very appealing. They are keeping my existing team in place and giving them the tools and capital to drive the business forward. The result will be great for our customers, my loyal employees, and the brand reputation we’ve all worked so hard to build.”
Under its new ownership, Dr. Hans Ebinger will continue to assume the key leadership role as CEO and Managing Director of Z-LASER. “The transaction is well in line with the long-term strategy of Z-LASER to foster its continued growth. With Union Park Capital we have secured the necessary capital and expertise for further business expansion,” notes Hans. “Our customers will see the same company and the same people they’ve always known, but we’ll have greater capability to serve their needs – that’s important to us.”
“Dr. Ebinger and his team have done a fantastic job building and growing the business,” notes Peter McGuire, Partner and Founder at Union Park Capital. “It is rare to find an organization with a combination of deep technical knowledge, product and engineering strength, as well as management capability. We look forward to helping the business grow and we are thrilled to begin the journey with such a strong foundation,” said Peter.
About Z-LASER GmbH
Z-LASER was founded in 1985 and is headquartered in Freiburg, Germany with additional offices in Italy and Canada. Z-LASER specializes on providing laser-based solutions for positioning and measurement solutions. For more information visit www.z-laser.com.
About Union Park Capital
Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies. Union Park takes a long-term perspective to help stakeholders build value over time and drives value creation through profitably growing a business, not financial engineering. Union Park Capital is based in Boston, MA, and has extensive investments and expertise in the industrial technology sector. For more information visit www.union-park.com.
