Lumi Global Secures Strategic Edge with Assembly Voting Acquisition

Deal News | Jan 08, 2025 | Vespa Capital

Lumi Global Secures Strategic Edge with Assembly Voting Acquisition

Lumi Global, a company in Vespa Capital's portfolio, has acquired Denmark-based Assembly Voting. Lumi Global is recognized globally for its technology-driven solutions in the domain of Annual General Meetings, Investor Relations, and Member Meetings. The acquisition is portrayed as a strategic endeavor to integrate Assembly Voting's proprietary Electa platform, known for its end-to-end verifiable, cloud-based election and voting solutions, into Lumi Global’s existing offerings. As the world moves towards digital formats for meetings and elections, this acquisition allows Lumi Global to lead in secure and transparent election processes, optimizing potential for a comprehensive digital voting solution. The Electa technology’s strengths, particularly its scheduled elections and asynchronous voting, complement Lumi Globals’ existing tools, paving the way for an enriched product lineup. The acquisition not only reinforces Lumi Global’s presence in Denmark and Spain but also facilitates strategic openings across North America, EMEA, and APAC. Richard Taylor, CEO of Lumi Global, acknowledged this acquisition as a significant advancement, magnifying their capability in the elections market. Jacob Gyldenkaerne, CEO of Assembly Voting, expressed enthusiasm for joining forces with Lumi Global, aiming for broader technology reach and service enhancement. Luke Burton, Investment Director at Vespa Capital, underscored the acquisition’s role in fortifying Lumi Global’s standing globally in digital voting solutions.

Sectors

  • Technology
  • Finance

Geography

  • Denmark – Assembly Voting is based in Denmark, making it a geographical focus of the acquisition.
  • Spain – Lumi Global establishes a presence in Spain through the acquisition, indicating significance to the article.
  • North America – The acquisition unlocks strategic opportunities for Lumi Global across North America.
  • EMEA – The company aims to capture opportunities across EMEA as part of this acquisition.
  • APAC – The acquisition helps to open opportunities in the APAC region.

Industry

  • Technology – Lumi Global and Assembly Voting provide technology-driven solutions for meetings and voting, making this sector a central focus of the article.
  • Finance – Vespa Capital, a private equity firm, is involved in the strategic acquisition, indicating relevance to the financial sector.

Financials

    Participants

    NameRoleTypeDescription
    Lumi GlobalPurchaserCompanyLumi Global provides technology-driven solutions for meetings and elections, and is acquiring Assembly Voting.
    Assembly VotingTarget CompanyCompanyAssembly Voting supplies cloud-based election and voting solutions via its Electa platform.
    Vespa CapitalPrivate Equity FirmCompanyVespa Capital is the private equity owner supporting Lumi Global in its acquisition endeavors.
    Richard TaylorCEOPersonCEO of Lumi Global, contributing viewpoints on the acquisition.
    Jacob GyldenkaerneCEOPersonCEO of Assembly Voting, sharing insights on the integration with Lumi Global.
    Luke BurtonInvestment DirectorPersonInvestment Director at Vespa Capital, involved in the acquisition strategy.