KBC Private Equity acquires 60% of IPCOS

KBC Private Equity has taken a participating interest of 60% in the Leuven-based technology company IPCOS, active in the development and worldwide sale of automated process control solutions for the chemical, glass and oil industries. The other 40% of the shares remain in the hands of the management and staff of the company and the K.U.Leuven (Catholic University of Leuven). The partnership with KBC Private Equity will reinforce both the solid financial position of IPCOS and its current strategy. Thanks to KBC Private Equity's role as financial partner, IPCOS can now look forward to a new period of growth by penetrating new market segments. Floris Vansina, Managing Director of KBC Private Equity, declares: "We are absolutely delighted to have this stake in IPCOS. By contributing our financial resources and know-how, KBC Private Equity is in a uniqueposition to support once again the growth of an innovative technology-driven Flemish SME."

Peter Van Overschee, Managing Director of IPCOS, states: "IPCOS recognizes in KBC Private Equity a dynamic, pro-active financial partner. It's a profile that fits perfectly with the dynamic spin-off corporate culture of IPCOS. The inclusion of KBC Private Equity in our shareholder and management structures will provide IPCOS with the drive to continue growing and to offer our high-tech solutions in every continent of the world."