Following the transaction, CapMan Russia will own a 29% shareholding in the company and is also targeting to increase its ownership to 44% during the next year. The founding shareholders will hold the remaining shares.
The investment, whose amount was not disclosed, is expected to accelerate Lumex’s international expansion in the next years.
Founded in 1991 and led by CEO Alexander Stroganov, Lumex develops and manufactures analytical instruments used in a large number of scientific, industrial and environmental control applications in the food and beverages, power and utilities, agriculture, chemical, and other industries. Lumex has a holding company in Cyprus, production facilities in Russia and Sales & Service offices in Russia, Germany, China, and the USA.