Optical software maker Zemax acquired by investment firm EQT from Arlington Capital
EQT is an investment firm with approximately EUR 50 billion in raised capital
EQT Mid Market US GP (EQT) has acquired Zemax Software Holdings (Kirkland, WA), a maker of optical and illumination design software, from Arlington Capital Partners. Arlington Capital had acquired Zemax in 2014, when it was spun off from Radiant Zemax. Zemax will continue to be led by current CEO, Mark Nicholson.
According to Nicholson, "Our partnership with Arlington has been a tremendous success. During their ownership, Zemax made substantial investments and demonstrated consistent strong organic growth. As we enter our next stage of growth, we are pleased to partner with EQT as we continue to expand our product offerings and deepen our customer focus.”
EQT is an investment firm with approximately EUR 50 billion in raised capital across 27 funds. EQT funds have portfolio companies in Europe, Asia, and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. Financial terms of the Zemax deal were not disclosed.
Zemax software is used to develop a range of products including space telescopes, augmented reality glasses, lidar in autonomous vehicles, smartphone cameras, and biomedical imaging devices.