Blue Cap AG Sells Subsidiary nokra to Vishal Precision Group

Blue Cap AG has announced the sale of its 90% stake in nokra Optische Prüftechnik und Automation GmbH to Vishay Precision Group. The sale proceeds, before taxes, amount to a single-digit million EUR figure, surpassing the net asset value valuation as of June 30, 2024, by over EUR 1 million. This transaction yields an annual return on invested capital of approximately 21% and a multiple of around 6x on the capital employed.

nokra, acquired by Blue Cap in 2014, produces high-precision laser-optical measuring systems for various industrial applications. Despite the sale, Blue Cap's forecast for the full year 2024 remains unchanged, with expected consolidated revenue between EUR 270-290 million and an adjusted EBITDA margin of 8.5-9.5%.