Specim strengthens its global market position by securing a 3.5 M€ investment

Headquartered in Oulu Specim has agreed to a 3.5 million euro investment from private equity firm Bocap. Consequently, the funding will strengthen the company’s position on a global market. Specim also aims to double its current revenue of 10 million euros by 2020.

Specim is a global pioneer in hyperspectral imaging technology and related solutions. Its products are widely used by OEM-clients in industrial, environmental and security applications.

“I am proud that, as a high-tech company, Specim will invest nearly as much in sales and marketing as in R&D,” Specim’s Chairman Risto Kalske says.

“Usability will undergo a revolution and soon mobile equipment can easily be brought to the measurement sites for real-time use. Collecting samples, transporting them to the lab for analysis, and experiencing delays in getting the results will become history,” Timo Hyvärinen, one of Specim’s founders adds.

During the past two years, Specim has invested about 6 M€ in developing new generation cameras. It will complete the rollout of a revolutionary new product family by the end of 2017.

 

Contact person

Risto Kalske
Chairman of the Board, Specim
+358 50 368 4054

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