Investment date: August 2008
Industry: Engineering & Industrials
Fund: Fund V
Exit Date: May 2014
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Through a transformation from a family-operated company to a global, international business, Wema took the position as a leading provider of sensors to the heavy truck and commercial vehicles market. When Norvestor invested in Wema in 2008, legislative changes mandating the trucking industry’s reduction of NOx emissions presented dynamic growth opportunities for Wema. During Norvestor ownership Wema achieved a market share of approximately 70% in the AdBlue level sensors market. Norvestor sold its shares in Wema to an industrial buyer in 2014.