Graz, Austria — February 19, 2016 – Vexcel Imaging GmbH, Microsoft’s UltraCam Business Unit, is undergoing an ownership change planned for early March 2016. After ten years contributing to Microsoft as a subsidiary, next month Vexcel Imaging GmbH will again become an independent company upon its expected acquisition by a private investor group.
The new owner will be Vexcel Holdings GmbH in Graz, with the following shareholders:
- Erik Jorgensen, former Microsoft CVP of Bing and MSN, and will lead Vexcel Holdings GmbH
- Stephen Lawler, former CTO of Bing maps
- Alexander Wiechert, CEO of Vexcel Imaging GmbH and running the UltraCam business
- Martin Ponticelli, Development Manager of the UltraCam Business Unit
Erik and Stephen bring a deep expertise in and passion for this business, having previously overseen this business. “I am looking forward to working with this excellent team of highly qualified technicians and engineers again. I have no doubt that the company’s innovative culture will ensure our current market leadership position and the growth of our company in the future”, said Erik Jorgensen, Chairman of Vexcel Holdings GmbH.
“I think this is a great outcome for the business, our customers, and our products. Vexcel Imaging GmbH remains committed to offering the most advanced photogrammetric products and solutions on the market, continuing and extending our outstanding UltraCam product line, and maintaining the exceptional personal service for which we are known”, said Alexander Wiechert, CEO of Vexcel Imaging GmbH. All Vexcel Imaging Gmbh employees have been offered a new contract to ensure continuity and momentum.