ARX Equity Partners acquires Instrumentation Technologies

ARX Equity Partners acquires Instrumentation Technologies, a global leader in advanced instrumentation for the particle accelerator and proton therapy markets

1st March 2021

ARX Equity Partners (“ARX”), a private equity firm focused on the Central European region, has agreed to complete the acquisition of Instrumentation Technologies (“I-Tech”, Founded in 1998 and headquartered in Solkan, Slovenia, I-Tech is the global market leader in the development and assembly of high-specification instrumentation for data acquisition and signal processing used in scientific particle accelerators. Also, core to the I-Tech strategy is utilizing the company’s know-how and R&D capabilities to develop instrumentation for medical proton therapy applications as well as broader industrial markets.

The transaction also includes Red Pitaya (, a handheld electronics lab incorporating instruments such as oscilloscopes and signal generators and which is seeing widespread adoption among signal processing engineers, hobbyists, and students.

ARX acquired the company from its founders, who were advised in the transaction by Acuity Advisors. Financial details of the transaction were not disclosed. Completion of the transaction is subject to customary closing conditions. As part of the transaction, ARX agreed to partner with the company´s existing management team who will lead the future growth and development of the Company.

Rok Ursic, Founder of Instrumentation Technologies, commented:

“When I founded I-Tech in 1998 my mantra was “reach high” and this spirit permeated the company from its inception. It allowed us to attract the best tech talent in the region and grow and develop I-Tech to where it is today from scratch. Together we built a world-class organization and I would like to thank all the people that stood by my side. I-Tech is in excellent condition, the best in the history of the company, and I would like to thank ARX for recognizing its potential. I am confident that together with the I-Tech team they will write an even more successful story. And I am totally dedicated to my new startup now.”

Brian Wardrop, Managing Partner at ARX Equity Partners, commented:

“ARX is delighted to partner with I-Tech, which is an outstanding example of a highly successful Slovenian entrepreneurial success story. Our primary aim will be to support the I-Tech team in order to grow and develop the company organically. The ARX track record contains several successful Slovenian investments – and we are excited to make another investment in the country and to embark on this growth and development journey with I-Tech.”

Elvis Janezic, CEO at Instrumentation Technologies, commented:

“Together with our new partner, we look forward to continuing and accelerating our innovation-driven strategy while serving our customers with the highest performance instruments for particle accelerators. We will also focus on expansion opportunities in adjacent industries where we are uniquely positioned to deliver solutions developed by I-Tech’s world-class technical team.”

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About ARX: (

ARX Equity Partners is a private equity firm with a 20-year track record supporting the growth and development of mid-sized companies in Central Europe. With more than € 300 million raised in four funds, ARX has become a leading private equity firm in its segment in the Central European region. Headquartered in Prague, the firm’s activities are managed by an experienced and multinational team of investment professionals, combining a wide range of international expertise plus in-depth local knowledge. These features enable our portfolio companies to realize their full potential while achieving superior returns for our investors and partner entrepreneurs. Partnering with owners, managers, and other co-investors, ARX focuses on later-stage growth-oriented investments, such as management buy-outs and buy-ins and industry consolidation transactions across all sectors.


Media enquiries:

Instrumentation Technologies:

Elvis Janezic

+386 5 335 26 00 /

ARX Equity Partners:

Brian Wardrop

+420 733 563 174 /