Business Wire: TA Associates, a global growth private equity firm, has agreed to acquire CMOSIS. Terms of the transaction were not disclosed. CMOSIS employs over 60 people and is based in Antwerp, Belgium.
With financial backing and support from Capital-E Arkiv, CMOSIS was founded in November 2007. CMOSIS broadened its capital base and raised further growth capital in 2009 from ING Corporate Investments (Belgium); ING Activator Fund, the Arkimedes Investment Fund of ING Belgium investing in promising Flemish SMEs; and Participatiemaatschapij Vlaanderen (PMV).
Luc De Mey, Chairman and CEO of CMOSIS, commented: "This transaction will allow CMOSIS to continue growing as an independent company with the support of TA Associates, a strong financial partner that has an impressive track record in building technology companies and is committed to supporting our future growth. I would like to take the opportunity to thank Capital-E, ING and PMV for their strong support in growing CMOSIS."
J. Morgan Seigler, a Principal at TA Associates (UK), LLP who will join the company’s Board of Directors, commented: "The CMOSIS management team has demonstrated expertise in building image sensor businesses. We are excited to partner with such experienced and successful entrepreneurs. CMOSIS is profitable, with a highly reputable brand, attractive client base, and impressive and accelerating growth."
Ajit Nedungadi, a Managing Director at TA Associates (UK), LLP who will also join the company’s Board of Directors, commented: "CCD has traditionally been the dominant technology in the high-end image sensor market that CMOSIS serves. The migration to CMOS is being driven by a lower cost of manufacturing, lower power requirements, higher speeds and improved sensor resolution. This accelerating market shift should continue to prove favorable for CMOSIS."