Technology investment fund "aws Mittelstandsfonds" secures 11 per cent of shares of the Austrian medtech company S.I.E.
Initially established as a trading company for electronic components, S.I.E is currently situated among the leading providers of embedded computing solutions for the medtech industry. The company sees itself as a full-service provider realizing individual product ideas on behalf of well-known producers of medical devices covering the entire design and manufacturing process. Today, S.I.E’s sophisticated hardware and software solutions can already be found in numerous medical devices for imaging, diagnosis, eye and dental care, in laboratory instruments, in microscopy and in Point of Care. Examples of classic applications of these medical developments are doctor’s ordinations, laboratories and clinics.
“The support of aws Mittelstandsfonds allows us to drive forward our expansion strategy adopted in the last years and to strengthen our position as a service provider in the Med-Tech industry,” says Udo Filzmaier, company founder and chairman of System Industrie Electronic Holding AG. “The advancement and expansion of our product range, the highest quality of customer service and the internationalization of the business model remain our highest priority. We are pleased to be able to develop the company further, together with aws Mittelstandsfonds”, explained Mr. Jürgen Duelli, managing director of S.I.E.
Modular system, customer focus and innovative capability as main USPs
Over the last years, S.I.E has developed a proprietary modular system. The use of individual components from the portfolio, enables the meeting of complex customer demands and provides them with multiple benefits, such as the reduction of the development time and the time-to-market, lower development costs and planning security. Furthermore, S.I.E focuses on tailor-made solutions for clients from the medtech and security technology industry. The company’s specialists work together with engineers of their customers in order to develop the products, from concept development to serial production. The life cycle management of products constitutes a further asset of S.I.E greatly appreciated by customers.
Strong market position and steady growth
“The strong growth of the embedded computing market and the market of S.I.E’s customers allow for a positive view into the future. The know-how of the employees as well as the proven innovation and competitiveness of the company enhance the reputation of S.I.E as the hidden champion of the Austrian medtech industry. We as aws Mittelstandsfonds are thus convinced of this investment and plan to continue to support the company in the future”, underlines Mag. Karl Lankmayr, managing director of aws Mittelstandsfonds.
About System Industrie Electronic GmbH
System Industrie Electronic GmbH was established in Lustenau, Austria in 1994. The company has specialized in the development of medical technology products, and its modular system and tailor-made solutions allow for the development and production of complex systems. The firm consisting of over 100 employees is headquartered in Lustenau, Austria.
About aws Mittelstandsfonds
Aws Mittelstandsfonds is an entrepreneurial holding company based in Vienna, Austria. We enter financial participations in the course of growth projects of medium-sized companies, offer follow-on investments for high-growth firms, or function as co-investors in medium-sized acquisitions or company successions. The aim of aws Mittelstandsfonds is to offer optimum support for companies in their sustainable growth and to accompany its implementation on an equal footing.