Secretively Danish company has 32 employees - and making huge

Says Covidence you something? No, well? And it's for good reason - even though there is talk about a true Danish success story. For the secretive company is

Secretively Danish company has 32 employees - and making huge

Says Covidence you something? No, well?

And it's for good reason - even though there is talk about a true Danish success story. For the secretive company is doing all it can to stay out of the limelight.

the It company Covidence is located in Rønde in Jutland, and makes video equipment for the police, the intelligence services and the military in the entire world.

It goes well. Really good.

Covidence has just unveiled a new accounting that shows a profit on the entire 68 million dollars, writes the Financial. Not bad for a small company with only 32 employees.

But Covidences owners proclaims-not exactly with success. On the contrary.

Covidences original owners have never spoken to the press, but they have become rich on the company's great success.

Since its foundation in 2007 has Covidence in total earned nearly 300 million dollars.

the Owners have since its foundation been able to pull millions out in dividends as a result of the success.

In 2014 the sold owners of the company to the british private equity fund Montagu for between 700 and 900 million crowns, and Covidence had growing pains.

Last year sold Montagu Covidence on to another private equity firm, EMC Capital.

How much the new owner paid for Covidence is... a secret.

Updated Date: 29 November 2019, 13:00

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