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7. July 2021Strategic or financial investor? What are the differences?
27. July 2021KCF exclusively advised Via optronics entering a strategic partnership with SigmaSense
Munich, June 2021 – Kloepfel Corporate Finance acted as exclusive advisor to VIA optronics AG (VIA) on the completion of a financial investment in SigmaSense LLC (SigmaSense). The closing took place on 9 June 2021.
VIA, listed at the NYSE (ticker: VIAO), a leading provider of interactive display systems and solutions, has formed a strategic partnership with SigmaSense, a global innovator in touch sensing performance. As part of the strategic partnership, VIA has made a financial investment into SigmaSense and expanded their collaboration to develop new touch solutions for automotive applications, industrial displays, and consumer electronics.
Founded in 2015, SigmaSense is pioneering a digital transformation to low-power, multi-frequency, analog to digital converters, which have continuous driving and sensing of analog systems. SigmaSense’s touch sensing technologies facilitate significant touch performance improvement and can offer between 100- and 1,000-times better signal-to-noise ratio than solutions currently available on the market. This level of performance compares favorably with many of today’s mobile phones, even on full-width dashboards using complex glass shapes or flexible polymers. This allows the touch sensing technology of SigmaSense to work in the harshest and most challenging environments like rain or snow, even while wearing thick winter gloves. The Society for Information Display recently awarded SigmaSense the esteemed 2021 Display Component of the Year Award. The 2021 Display Industry Awards honours innovative display products, components, and applications that hold the most promise for shaping the future of the global display industry.
“Once more the KCF-team supported us on our growth path and demonstrated again their deep know-how and industry expertise to finish the transaction. We appreciate KCF’s way of working by going the extra-mile and hands-on mentality. Further, we would like to thank especially Viktor Peters and Nikolai Üstündağ for their support,” said Jürgen Eichner, CEO of VIA. “Cooperating with SigmaSense based on our strategic investment, we expect to be able to offer next level interactive user experiences while also applying new innovations across industries, from the consumer market to the high end automotive and industrial markets.”
“We were very pleased with KCF as financial advisors “on the other side of the table”. They demonstrated deep industry knowledge, were truly professional and hard-working, and we were able to close a deal within a very tight deadline across many time zones. With KCF’s strong support on the other side, we were able to meet the deadline to close our funding round,” said Rudy Prince, CFO of SigmaSense. “We are pleased to be working closely with VIA to develop new, innovative touch experiences in harsh and demanding environments. VIA’s confidence in investing in SigmaSense will also accelerate our collaboration to take full advantage of our shared strengths in advanced displays and user interfaces.”
The management of VIA and SigmaSense are convinced that the strategic alliance will create significant cross-industry and cross-technology as well as operational synergies.
Kloepfel Corporate Finance acted as exclusive advisor to VIA and was able to structure, negotiate and successfully conclude the financial investment into SigmaSense. The deal team consisted of Viktor Peters and Nikolai Üstündağ.