NPM's Vanderlande bolts on Smatec

Vanderlande has bought the business from Smatec founder Ralf Schneuing. Smatec's Bombay sorter will be the first product to be added to Vanderlande's product range.

Vanderlande has been part of Dutch firm NPM's portfolio since 1988. ABN Amro Participaties was also invested in the company from 1988 until 2009. According to unquote" data, ABN injected a further €3.8m into the business in July 2000.

In March 2001, NPM and ABN invested further capital in Vanderlande alongside private investors and company management.

This was followed by NPM buying out ABN's stake in the business in March 2009, taking its shareholding from 43% to 87%. At the time of the secondary purchase, Vanderlande generated €650m in turnover and employed 2,000 staff, according to unquote" data.

In 2011, NPM supported Vanderlande's acquisition of rival business Beuwen.

Veghel-headquartered Vanderlande generated revenues of €790.4m in the 2013-14 financial year, as well as an EBIT of €36.1m. It employs around 3,000 staff.

Company
Headquartered in Bielefeld, Smatec is a developer of warehouse automation systems. Its Bombay sorter can be used for single items or as a tilt-tray sorter.

People
Govert Hamers is the CEO of Vanderlande. Ralf Schneuing is the founder of Smatec. NPM's Lucas Mes manages the firm's investment in Vanderlande.

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• Benelux
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• NPM Capital
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