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Fribourg technology leader Asyril’s majority stake acquired by capiton to accelerate growth

Tuesday 22 March 2022

After 15 successful years, during which Asyril has grown from a promising start-up to a leader in the field of flexible food, the Nivalis Group has decided to sell its majority stake to the investment company capiton. | © Asyril

Private Equity investor capiton has acquired Asyril, a market and technology leader in the flexible part feeder market. Together with the management team, capiton plans to grow the business.

Headquartered in Villaz-St-Pierre (canton of Fribourg) with subsidiaries in the US and Japan, Asyril is a market and technology leader in the flexible part feeder market. Its products are being used globally in assembly lines, facilitating process automation for a variety of industries.

Asyril’s product portfolio covers flexible feeding systems based on a patented 3-axis vibration technology complemented by the newly established EYE+ control system. The products enable a fast and optimal surface distribution of bulk parts and components during production processes.

EYE+, a vision-based software, was in-house developed with the goal to drastically simplify the setting-up of the flexible part feeder process, underlying Asyril’s development towards Industry 4.0 requirements, where software competence is key.

capiton has acquired Asyril from the Nivalis Group incubator. The financing of the transaction was provided by capiton’s current investment vehicle, capiton VI. Additional funds have been reserved to finance both organic and inorganic growth initiatives. Sellers and buyers have agreed not to disclose the financial terms of the transaction.

Together with Asyril’s management team, capiton plans to grow the business organically, both by leveraging the significant potential of the company's innovative product portfolio and by further expanding its international footprint. Acquisitions broadening the product range will be considered as well.

A big step forward for Asyril

Dr. Alain Codourey, CEO and Co-Founder of Asyril commented: “With capiton, we were able to bring on board a partner, who, in addition to an international network, has an extensive understanding of our industry and experience in supporting fast-growing industrial technology companies. capiton's investment means a big step forward for Asyril and together we will seek to further accelerate our growth.”

Alexander Zamora, Partner at capiton added: “The automation and increasing connectivity of the industrial landscape is a core investment theme for our team, and we believe Asyril is at the forefront of enabling this transformation. With strong industry tailwinds, we believe Asyril has significant growth opportunities, and we look forward to supporting another founder- backed business to scale through investments in product innovation, commercial operations, and international expansion.”

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