Capvis acquires majority stake in Xovis

Since its foundation in 2008, Xovis has developed into a market leader for the analysis of waiting time and people flows. Based on a stereo camera system combined with microchips, Xovis’ 3D sensors are able to process and analyze the anonymized data on the device itself. The systems are being used in major airports, shopping centres, retailers, sports stadiums and cultural venues in order to significantly increase customer satisfaction and sales. Xovis employs about 90 people in Switzerland and the USA.

Now, Xovis announced that Capvis Equity V LP, a fund advised by the Swiss private equity firm Capvis has acquired a majority stake in the Bern-based company. Capvis is one of the leading private equity companies in Europe and has a portfolio that includes companies such as Stadler Rail and Ticketcorner. «Capvis’ international network will enable us to significantly expand growth in markets such as the US and Asia», says David Studer, co-founder of Xovis. The three founders Christian Studer, David Studer and Markus Herrli will remain shareholders of the company.

«The outstanding technology paired with intelligent applications and a strong management team offer growth potential in a market that is still in its early stages», adds Simon Lussi, Investment Director at Capvis. The parties have agreed not to disclose any financial details of the transaction.

(Press Release)
(Picture: Pixabay)