Alsdorf, Germany - 4JET GmbH has secured a €15-million capital investment led by tech-savvy Paris-based private equity firm Jolt Capital.
The capital raised will be used to further expand 4JET’s global sales & service operations, and to accelerate its “very promising development initiatives”, the company said 8 Oct.
Founder & CEO Jörg Jetter will remain the largest shareholder. Other investors include e-Capital entrepreneurial Partners AG, a Münster-based alternative investment fund manager.
Through its subsidiaries 4JET Technologies & 4JET microtech, 4JET develops advanced process technology and integrated production systems for laser-based surface processing with a focus on automotive components and tires.
In parallel to the injection of new ‘smart’ capital, the company has also launched a corporate reorganisation to increase foster efficiency in the next stage of its development.
With increasing demand for tire traceability and laser cleaning technology, 4JET expects its sales to grow 40% this year with 2019 expected to be a “bumper year”.
Specialised in laser material processing in the automotive sector, 4JET Technologies serves most large tire makers with solutions for tire marking, tire mould cleaning and other customised systems. The company claims that its clients include “large OEMs and automotive suppliers”.
“Given their [Jolt Capital’s] impressive track record as high-tech hardware investors, teaming up made a lot of sense, and already we’re seeing the benefits of this,” said CEO Jörg Jetter commenting on the investment.