4JET secures growth capital investment from tech-savvy Paris based private equity firm Jolt Capital
4JET, through its subsidiaries 4JET Technologies & 4JET microtech, develops advanced process technology and integrated production systems for laser-based surface processing with a focus on technical glass, automotive components and tires.
The investment is primarily geared towards allowing 4JET to further expand its global delivery platforms for sales & service, and also to accelerate its very promising development initiatives.
In parallel to the injection of new ‘smart’ capital to reinforce the company in the face of surging demand, a corporate reorganization has also been completed to further foster efficiency in the next stage of 4JET’s development.
Driven by multiple underlying trends towards increased usage of functional glass coatings, a push for tire traceability, as well as a steady rise in the number of use cases for laser cleaning technology, both divisions of 4JET will contribute to a 40% growth in revenues for 2018, with 2019 expected to be another bumper year.
Commenting on the deal, Founder and CEO, Jörg Jetter suggested that, ”4JET has been a growth story since the beginning and we’re confident that this is set to continue for the foreseeable future, especially so with Jolt’s investment and added value. Given their impressive track record as high-tech hardware investors, teaming up made a lot of sense, and already we’re seeing the benefits of this.”
Antoine Trannoy, the Partner at Jolt Capital leading the deal remarked, “4JET’s growth to date, built from strong market demand for its technology and integrated offering, underpinned by strong intellectual property, is the perfect example of what we like at Jolt. Knowing well the challenges & opportunities facing hardware companies, Jolt Capital is delighted to be partnering with 4JET for the next phase of expansion.”
As an investor in 4JET, we’ve been fascinated by the development of the company to date, and look forward to collaborating in the next thrilling period”, added Michael Mayer, representing eCAPITAL at 4JET.back to overview