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MiddleGround Capital Announces Investment Agreement with STEMMER IMAGING AG

MiddleGround Capital, a private equity firm based in Lexington, has revealed its intention to launch a voluntary public takeover offer for STEMMER IMAGING AG. The offer is set at EUR 48.00 per share, representing a 52% premium to the closing share price on July 19, 2024.

The agreement seeks to unlock long-term growth opportunities for STEMMER. MiddleGround has already secured a 77.7% stake in STEMMER through various shareholder agreements, including a significant purchase from PRIMEPULSE, the major shareholder.

The acceptance period for this offer will begin once the German Federal Financial Supervisory Authority approves the offer document. MiddleGround plans to take STEMMER private upon completing the offer, potentially through delisting.

The bid is part of MiddleGround's strategy to benefit from industry 4.0 tailwinds, aiming to grow STEMMER's machine vision solutions across European and international markets.

R. H.

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