NPM Capital increases stake in Vanderlande Industries to 85%

NPM Capital has acquired co-shareholder ABN AMRO Participaties’ stake in Vanderlande Industries and has consequently increased its stake in the company from 43% to 85%. Vanderlande Industries has been part of NPM Capital’s portfolio since 1988. The remaining shares are owned by the management and other shareholders. President and CEO Peter Gerretse views the increased stake as an expression of NPM Capital’s confidence in the company’s management and strategy.

Vanderlande, with head offices in Veghel, the Netherlands, designs, implements and services material handling systems and is one of the world’s top-5 companies in this specialised field. The company supplies automated logistics handling systems for distribution centres and sorting systems for express parcel services. It also provides baggage handling systems for airports and is among the top-3 suppliers worldwide in this area.

Vanderlande Industries operates worldwide through its own locations. The company has locations in the Netherlands, Germany, France, United Kingdom, Spain, China, India, South Africa and the US. Vanderlande Industries is furthermore represented in a large number of other countries by agents who receive pro-active support from the Netherlands. The company generates annual revenue of approximately € 650 million and has 2,000 employees.

Jan Willem Baud, Managing Director of NPM Capital, is pleased with the increased stake in Vanderlande Industries. ‘We know the company extremely well because it has been part of our portfolio for twenty one years. The company has developed fantastically over the past two decades and still possesses tremendous potential. It is truly a gem of Dutch industry. Increasing the stake in Vanderlande Industries also fits in well with our investment strategy. This strategy is aimed at acquiring substantial stakes in medium-sized companies in the Benelux that are preferably led by professional and enterprising management and that aspire to achieve further international growth.’