Blue Cap AG Sells Portfolio Company nokra to Vishay Precision Group

Munich, September 30, 2024 - Blue Cap AG has finalized an agreement to sell its 90% stake in nokra Optische Prüftechnik und Automation GmbH to Vishay Precision Group. The sales price, in the low single-digit million range, exceeds the latest net asset valuation by over EUR 1 million.

The transaction marks a 21% annual return on invested capital and a multiple of 6x on the capital employed. Founded in 2014, nokra specializes in high-precision, laser-optical measuring systems for various industries including automotive and steel.

This marks Blue Cap's first exit in 2024 and aligns with its best-owner strategy, aiming to sell investments after value appreciation. Blue Cap CEO Dr. Henning von Kottwitz expressed satisfaction with the sale, emphasizing continued efforts to achieve planned targets for investor value creation.

nokra’s Managing Director, Günter Lauven, acknowledged Blue Cap’s significant role in the company's development and expressed optimism for future growth under VPG’s ownership. The 2024 revenue forecast for Blue Cap remains unaffected by this sale.