Sale of Projectina to Heligan Group
Ultra Forensic Technology (UFT) today announces that it has agreed to sell its Projectina AG business (Projectina) to UK-based Heligan Group. This sale will have no material positive or negative impact on the Group’s 2021 earnings.
As a niche forensic and security-focused optical engineering business, Projectina has been manufacturing microscopes, document examination products, forensic crime scene equipment, and delivering custom OEM engineering services for over four decades.
The sale of Projectina aligns with the company’s overall vision to focus on its core capabilities of application-engineered defense solutions and our specialty nuclear, forensics and aerospace technology businesses. UFT has recently introduced new products and services to our core ballistic identification capabilities and will continue to evolve to better serve the law enforcement and criminal justice communities.
Alvaro Venegas, President Ultra Forensic Technology commented: Projectina, with its excellent technology, has further growth prospects with an owner who will focus on its core expertise. We’d like to thank our Projectina employees for their contribution to Ultra and wish them and the business the utmost success under new ownership.
Dr Tim Grasby, Managing Partner Heligan Group commented: “Projectina is a well-established, market-leading, business operating in sectors that we have deep levels of operational experience in. We are extremely excited about this landmark transaction and we are looking forward to working with the Projectina team to drive growth and to leverage the opportunities provided by our expanding sector focused portfolio.”
About Heligan Group:
Heligan Group is a UK-based private equity and advisory firm, helping innovative businesses to accelerate their growth with investment, deep sector experience and expert connections. Heligan Group works with a range of businesses and has a specialism in the national security, crime prevention and public safety, and science and technology sectors.
Ultra provides application-engineered solutions in the key elements of mission critical and intelligent systems. Through innovative problem solving, using sustainable capabilities, and evolving technologies, we deliver outstanding solutions to our customers’ most complex problems in defence, security, critical detection and control environments.
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