News - 12.04.2016

Herkules secures 3.5x return on Micro Matic investment

Herkules Capital delivers strong returns to its investors when it divests Micro Matic to the family-owned investment company Katalysator. For long Micro Matic has enjoyed a leading position in Norway for quality heating and lighting control systems.

• Transaction yields a 3.5x return on invested capital for Herkules’ investors
• Solid growth in 2014 and 2015 after successful introduction of new products
• The transaction is Herkules’ first exit in 2016

Micro Matic was established in 1969. Herkules Fund II became owner in 2007. The company is well-established in the market for heating and lighting control. In addition to being an importer and distributor of quality products, Micro Matic adds significant value to its customers as a consultancy and a service organization. Its suppliers are among the leaders in Europe in their product areas. This allows the company to offer highly innovative solutions. The company has 44 employees, with head office in Hvalstad, Asker. See for more information.

«Micro Matic has been through several exciting stages under our ownership. It steered its way through the financial crisis in a steady manner, and it has demonstrated solid top line growth during the past few years. The company has profited from its first-class experience and knowledge, and has managed to introduce the right products to the market, especially within LED lights and ventilation control», says Cato A. Haug, Partner in Herkules Capital and Chairman of the Board in Micro Matic.

Sales were NOK 224 million in 2015, up from 196 million in 2014.

«Smart and energy-efficient solutions are very much in demand in Norway and abroad. When it comes to heating and lighting, Micro Matic has been a market leader in Norway for a long time. With us as owner the company has also successfully entered into the ventilation segment», says Haug.

Micro Matic is Herkules’ first exit in 2016. Herkules owned 93 percent of the shares in the company. The family-owned investment company Katalysator will now acquire these shares at an undisclosed purchase price. The transaction delivers a 3.5x return on invested capital for the Herkules investors, equaling an internal rate of return (IRR) of around 20 percent.

The management will stay on board and continue as part-owners of the company. The transaction is expected to be completed during April 2016.


Cato A. Haug, Partner in Herkules Capital and Chairman of the Board in Micro Matic, phone +47 40 60 69 88 / + 47 22 04 80 08