Nivalis Group has sold its majority stake in Villaz-St-Pierre, Switzerland-based Asyril SA to Independent, owner-managed private equity firm caption. Asyril SA, which has subsidiaries in the United States and Japan, is a manufacturer in the flexible part feeder market, and its products are used globally in assembly lines, facilitating process automation for a variety of industries.
Asyril’s product portfolio covers flexible feeding systems based on a patented three-axis vibration technology complemented by its EYE+ control system. The products enable a fast and optimal surface distribution of bulk parts and components during production processes. EYE+, a vision-based software, was developed in house with the goal to simplify the setting-up of the flexible part feeder process, underlying Asyril’s development towards industry 4.0 requirements, where software competence is key.
Asyril is very well-positioned to further benefit from the strong market growth of assembly automation in general and increasing demand of flexible feeders in comparison to rigid solutions. Together with the management team, capiton plans to grow the business organically, both by leveraging the significant potential of the company's innovative product portfolio and by further expanding its international footprint. Acquisitions broadening the product range will be considered as well.
Dr. Alain Codourey, CEO and co-founder of Asyril, said: “With capiton we were able to bring on board a partner, who, in addition to an international network, has an extensive understanding of our industry and experience in supporting fast-growing industrial technology companies. capiton's investment means a big step forward for Asyril and together we will seek to further accelerate our growth.”
Alexander Zamora, partner at capiton, added: “The automation and increasing connectivity of the industrial landscape is a core investment theme for our team, and we believe Asyril is at the forefront of enabling this transformation. With strong industry tailwinds, we believe Asyril has significant growth opportunities, and we look forward to supporting another founder-backed business to scale through investments in product innovation, commercial operations, and international expansion.”
