Zemax Has Been Acquired by EQT

Zemax Profile

  • Zemax is a leading global provider of optical and illumination design software used to develop a range of products including space telescopes, augmented reality glasses, LIDAR in autonomous vehicles, smartphone cameras and biomedical imaging devices
  • Zemax virtual prototyping tools include OpticStudio, the industry-leading optical design software, and LensMechanix, a unique application that allows mechanical engineers to package optical systems in CAD software
  • Zemax enables its customers to more efficiently and accurately design optical components through its physics-based optimization and design software, resulting in faster time-to-market and reduced production and development costs while streamlining the workflow and communication between optical and mechanical engineers
  • Founded in 1990, Zemax is headquartered in Kirkland, Washington with over 80 employees in the US, Europe and Asia
  • Zemax was previously backed by Arlington Capital Partners

EQT Profile

  • EQT is a leading investment firm with approximately EUR 50 billion in raised capital across 27 funds
  • EQT has portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees
  • EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership

Transaction Notes

  • EQT’s acquisition of Zemax was announced on June 26, 2018; financial terms were not disclosed
  • Zemax aligns perfectly with EQT’s focus of investing in market leaders in attractive and growing niche markets globally. EQT’s software expertise and international presence will help Zemax further expand its product offering, both organically and through acquisitions, to best serve its global customer base. We are excited to partner with the talented Zemax management team to support the next phase of growth.” – Brendan Scollans (Partner, EQT)
  • Shea & Company served as the exclusive financial advisor to EQT
Financial terms not disclosed
has acquired
Shea & Company served as the exclusive financial advisor to EQT