Kirk Kapital and AGIC Capital to acquire a majority stake in PR electronics.

Kirk Kapital, a family-owned investment company, and AGIC Capital, a private equity firm, agreed to acquire a majority stake in PR electronics, which designs and produces signal conditioning (interface) devices for the process industry within temperature, I.S. interfaces, panel meters, signal isolators and converters. Financial terms were not disclosed. “PR electronics has been a part of my life since I was a child. I am immensely proud of what we have all created since the foundation in 1974. However, the time has now come where I believe PR electronics is best served with new ownership. Kirk Kapital and AGIC are, in combination, a great future ownership constellation for PR electronics. I will, however, remain shareholder and will with pride follow also the future successful development of PR electronics,” Kim Rasmussen, PR electronics CEO and Owner.