Summa’s Strong Growth And Innovation Track Record Is Reinforced As It Is Acquired By Management And European Investor Ergon
With its digital finishing solutions, Summa responds to the evolutions in the attractive digital printing industry.
The ongoing market shift from analogue to digital printing creates high production flexibility and enables mass customization of products, driving demand for digital cutting tools.
Technological evolutions result in an ever-increasing range of materials that can be printed and cut digitally, such as cardboard, stickers and textiles.
The product portfolio expansion - from roll cutters to flatbed and laser cutting equipment - is fully aligned with Summa’s motto ‘if you can print it, we can cut it'.
In 2016, Gimv acquired a majority stake in Summa alongside the management team.
Summa expanded quickly by establishing its own organization in the US (2017), expanding organically its flatbed product portfolio, entering the market of laser cutting for textiles through the acquisition of UK-based CadCam Technology (2018), and launching its own software platform GoSuite (2019).
Summa has achieved impressive growth and has doubled its turnover since Gimv's entry.
Today, Summa employs more than 150 people with sites in Belgium (Gistel), the UK (Nottingham), the US (Boston area) and Singapore.
Summa will continue to develop its product portfolio and expand its geographical presence.
With its innovative digital cutting solutions, Summa has everything to cater to all the needs of its global client base.
To assist management in its ambitions and to continue investing in the company’s accelerated growth, Summa has entered a partnership with Ergon, an independent, mid-market value investor with a track record of fostering growth at innovative, niche companies.
Erwin Vandousselaere, CEO of Summa, explains: “Together with Gimv, it has been a great journey over the past 5 years and we are grateful to them for that. We are now at the start with our new partner Ergon, in whom we have full confidence to continue our planned growth. Summa’s performance has been excellent, as the company invested in geographical expansion, product upgrades and new innovations and will continue to do so.”
Pieter Lambrecht, Partner at Ergon, on this new partnership: "We are truly impressed by Summa’s strong growth and innovation track record and the clear vision of Erwin and his team. Summa’s international footprint and entrepreneurial DNA fit very well with that of Ergon, making us proud to embark on this partnership. We look forward to supporting the company in its next phase of accelerated and international growth."
About Summa
Summa is a market-leading manufacturer of innovative digital cutting equipment that helps its clients to finish their applications to the highest standards.
For more than 3 decades, Summa delivers the world's highest-quality vinyl and contour cutters, flatbeds and laser cutters without compromise.
Companies from all over the world use Summa’s cutting solutions for products in the printing, signage, display, apparel and packaging industries.
Summa delivers professional products and services worldwide, thanks to its large network of valued resellers. Today, Summa employs more than 150 people with sites in Belgium (Gistel), the UK (Nottingham), the US (Boston area) and Singapore.
