Konica Minolta Sensing Europe BV has entered into a definitive agreement to acquire Specim, Spectral Imaging Oy Ltd. Specim has been supported by 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. The acquisition is expected to fuel Specim’s growth through deployment of its technology and capabilities to global industrial markets. Upon acquisition, Specim will maintain its existing offices and facilities in Oulu.