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Sale of Ultra Forensic Technology's Projectina AG Business to Heligan Group
August 17, 2021 | UltraEstimated reading time: 1 minute
Ultra Forensic Technology (UFT) announces that it has agreed to sell its Projectina AG business (Projectina) to UK-based Heligan Group . This sale will have no material positive or negative impact on the Group’s 2021 earnings.
As a niche forensic and security-focused optical engineering business, Projectina has been manufacturing microscopes, document examination products, forensic crime scene equipment, and delivering custom OEM engineering services for over four decades.
The sale of Projectina aligns with the company’s overall vision to focus on its core capabilities of application-engineered defense solutions and our specialty nuclear, forensics and aerospace technology businesses. UFT has recently introduced new products and services to our core ballistic identification capabilities and will continue to evolve to better serve the law enforcement and criminal justice communities.
Alvaro Venegas, President Ultra Forensic Technology commented: Projectina, with its excellent technology, has further growth prospects with an owner who will focus on its core expertise. We’d like to thank our Projectina employees for their contribution to Ultra and wish them and the business the utmost success under new ownership.
Dr Tim Grasby, Managing Partner Heligan Group commented: “Projectina is a well-established, market-leading, business operating in sectors that we have deep levels of operational experience in. We are extremely excited about this landmark transaction and we are looking forward to working with the Projectina team to drive growth and to leverage the opportunities provided by our expanding sector focused portfolio.”
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