Vecata Ltd. was founded in 1956 as an operation company for the Bagger-Sorensen family’s confectionery activities.
Following the first succession in 1974 Vecata has functioned as the family’s finance company. The company’s assets have mainly been invested in bonds and real estate.
In 2002 the Bagger-Sorensen family sold Dandy Ltd. together with the chewing gum brands DIROL®, STIMOROL® and V6® to Cadbury-Schweppes Plc. The sales provided the family’s holding company – Bagger-Sorensen & Co. Ltd. – with substantial funds. Today the company finances the operational companies Gumlink Ltd. and Fertin Pharma Ltd.
Gumlink Ltd. manufactures Private Label and Private Brand chewing gum.
Fertin Pharma Ltd. manufactures pharmaceutical chewing gum for Private Brand companies.
In 2003 the family activated Vecata Ltd. with the purpose of:
- Investing in and operating venture companies primarily within Life Science, IT and Technology
- Participating in a number of projects within property development (office buildings, shopping centres etc.)
Vecata Ltd. invests in venture companies through the group affiliated companies 4Best Invest Plc., Bio-Bedst Plc. and Zimba Invest Plc.