Lumiforte partners with Kartesia to propel global growth and innovation
Lumiforte (“the Company”), a global leader in innovative smart coatings for greenhouse horticulture, sports line marking and other functional coatings for agriculture and industry, is excited to announce an investment from Kartesia, a European specialist in capital solutions for small and mid-sized companies. Horticoop, a long-standing shareholder of Lumiforte and a key player in the horticultural industry through its investment cooperative, continues to remain a shareholder.
The investment marks a significant milestone in Lumiforte’s growth journey, and the Company’s management team is confident that Kartesia’s global expertise and strategic insights will be instrumental in accelerating Lumiforte’s growth. This partnership aligns with Lumiforte’s ambitions to diversify its product offerings and expand its geographical footprint, both through organic growth and strategic acquisitions.
Kartesia has a strong track record of driving international growth by providing strategic support and tailored capital solutions, enabling companies and shareholders to enhance and accelerate value creation. Kartesia’s partnership approach and commitment to sustainability make it an ideal partner for Lumiforte as the Company embarks on its next phase of growth.
Guido Janssen, CEO of Lumiforte, commented: “We are delighted to welcome Kartesia as a new shareholder. Their extensive experience in supporting mid-market companies, in combination with their strategic insights, will be valuable in strengthening our position in the horticulture and sport line-marking sectors. Additionally, this partnership will allow us to leverage our smart coating expertise in emerging segments such as cool roofing and orchards. We are equally grateful to our longstanding shareholder Horticoop, whose continued trust and commitment has been, and will continue to be, instrumental in our growth and success.”
Jean Diercxsens, Partner at Kartesia and Head of Belgium & the Netherlands, shared: “We are thrilled to cooperate with Horticoop and the Lumiforte management team to support their growth journey, capitalising on their unique position in the market and strong R&D capabilities. With Kartesia joining as a shareholder, the group will be well-equipped to pursue M&A opportunities, further accelerating their impressive organic growth trajectory.”
Patrick Groeneveld, CEO of Horticoop, said: “As a longstanding shareholder of Lumiforte, we are excited to welcome Kartesia to the shareholder base. This new partnership marks a pivotal moment in Lumiforte’s journey, enabling us to further accelerate growth and drive innovation in the company. Oaklins’ deep industry knowledge and strategic guidance were instrumental in bringing this collaboration to fruition. Their expertise ensured that we found a partner who aligns with Lumiforte’s vision and values, positioning us for continued success and future opportunities.”