Merger of Danish company TRIAX and Spanish company Klode Media, the former Multimedia business unit of Ikusi, announced in December 2020, approved by European authorities
Hornsyld, Denmark and San Sebastián, Spain, 6 April 2021 — The merger of TRIAX A/S and Klode Media, the former Multimedia business unit of Ikusi, has been approved by European competition authorities.
The merger is a mutual agreement between TRIAX owner Polaris Private Equity and Klode Media, the former Multimedia business unit of Ikusi owner Velatia.
TRIAX and Multimedia business unit of Ikusi have earned strong reputations independently over many decades. Merging will enable the two companies to scale up and stand out in the market, combining complementary offerings, a strong R&D foundation and, above all, customer-focused values.
Peter Lyhne Uhrenholt, CEO at TRIAX, said, “I’m delighted the merger has been approved. Together we are stronger – we will advance our position as technological leaders in our field, with increased agility, market footprint, strengthened regional presence and greater relevance to customers.”
Alfredo Juarranz Bueno, Director of Klode Media, the former Multimedia business unit of Ikusi, said, “This is an exciting day for our two companies. As competitors we always had much in common; together now as one, our shared vision is to be our customers’ preferred partner for connected products and online services, standing at the forefront of the fast-growing B2B audio-visual and data solutions market. We will focus relentlessly on being our customers’ preferred partner.”
The CEO of the new merged company is Peter Lyhne Uhrenholt and the Chair of the Board is Ramón Sotomayor. The newly formed joint venture legal entity will be registered in Gipuzkoa, Spain and the operational headquarters of the new merged company will be in Hornsyld, Denmark.
For further information please contact:
Thony Bruun Jensen, Head of Global Marketing, TRIAX A/S, firstname.lastname@example.org + 45 76 82 22 12
Polaris is a Nordic private equity firm headquartered in Copenhagen, which invests in well-established medium sized companies in the Nordics. Since 1998, Polaris has raised 4 funds and obtained capital commitments of EUR 1.2bn. Polaris’ focus is to invest in companies with growth and development potential. To date, Polaris has invested in 43 companies and completed more than 70 add-on investments. Polaris owns 13 companies with total revenue of EUR +1bn and 5,000 employees.
Velatia is a family-run, industrial and technological group. It is made up of 3,300 professionals and its turnover is 650 million euros. The companies that compose Velatia offer solutions for smart grids, communication networks, cybersecurity, digital transformation, aeronautics, energy efficiency, electromechanical manufacturing and electronics.