MPS acquired by ABN AMRO
May 18, 2018
Wim van den Bosch (Credit: Ingmar Timmer)
Netherlands-based MPS has revealed that it is being purchased by ABN AMRO Participaties, a private equity business known for its focus on investments in Dutch companies.
Wim van den Bosch, CEO of MPS, comments: “In the past few years under the ownership of Braver Investment and Oost NL, MPS has gone through a strong development from a product, a financial and an organisational point of view. MPS is now ready to enter into a new growth phase to become a top-3 player in the market. MPS therefore started looking for a new strong shareholder that is able and willing to support MPS in realising and accelerating its business plan. I am convinced that with the support of AAP we will be able to achieve our ambitious growth target the coming years.”
Friso Janmaat, Managing Director of ABN AMRO Participaties explains, “MPS is an excellent example of a successful Dutch company with a highly technical great product, a strong management team and potential for growth. We’re excited about working together with the company and its management team during the years ahead to realise its growth plans.”
Marius Prins, CEO of Oost NL comments: “We have been shareholder of MPS from the start of the company in 1996 by Eric Hoendervangers and Bert van den Brink. During the last years we have seen MPS grow up from a local start-up to a globally successful company, that provides many jobs to the region where we are active. We are convinced that MPS will become the top 3 player that they are aiming for.”
Gerard Brand, Partner at Braver Investments, states, “In MPS Braver Investments acquired a great business with a world class management team. We are pleased with the way MPS has developed. Having completed our development plans for MPS we are confident MPS will continue to prosper under AAPs ownership.”
Categories : City News
Tags : ABRN AMRO Acquisition Growth MPS Netherlands
