Specim was acquired by Konica Minolta.

Finland M&A 27 November 2020
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Specim - Spectral Imaging Ltd - an Oulu, Finland-based provider of hyperspectral imaging technology and related products and solutions, announced that it was acquired by Konica Minolta.

The deal, which has financial specifics undisclosed, was made through Konica Minolta Sensing Europe B.V., a wholly-owned subsidiary for the sensing business, based in the Netherlands.

Upon acquisition, Specim will maintain its existing offices and facilities in Oulu.

Specim, Spectral Imaging Oy Ltd. founded in 1995 by Timo Hyvärinen and led by CEO Tapio Kallonen, is a manufacturer of hyperspectral imaging instruments and systems. The company's products and solutions are being used in an increasing range of demanding industrial and science applications such as colour measurement, recycling, food sorting and quality assessment, pharmaceutics production quality, geological core logging and mineral mapping, environment monitoring, agriculture and vegetation, process analytical technology (PAT), life sciences, and many other chemical imaging applications.

Specim was backed by Bocap and Nordic Option.