ABN AMRO Participaties Agrees to Acquire MPS Group B.V.
Wim van den Bosch, CEO MPS Systems B.V.
ABN AMRO Participaties (“AAP”) has reached an agreement to acquire MPS Group B.V., a parent company to MPS Systems BV (“MPS”), a global leading provider of high-quality versatile, end-to-end narrow and mid-web printing solutions, from majority shareholder Braver Investments, Oost NL and the founders of MPS. Wim van den Bosch (CEO), Willem Huijink (CFO) as well as founders Bert van den Brink and Eric Hoendervangers will remain with the business and invest alongside AAP.
MPS Systems BV
Headquartered in The Netherlands, MPS is a leading provider of high-quality versatile, end-to-end narrow and mid-web printing solutions. The company’s flexographic (“flexo”), offset and flexo-digital hybrid printing presses are used in the fast-growing label and flexible packaging industries, with end-markets such as food & beverage, household products and pharmaceuticals. The company is a global top-5 player in its segment and is well-known for its unmatched quality while offering an attractive cost of ownership for its clients. MPS’ products are sold on a global scale with a strong market presence in Europe and increasingly in Asia and North America. MPS has distinctive strong internal technological know-how and flexibility that sets the company apart from its closest competitors. As a result, for every clients’ printing query, MPS has the ability to develop and assemble, in consultation with the client, the optimal printing solution. MPS’ knowledge is primarily centered around substrate transportation technology. The company’s innovative and proprietary transport technology has a broad application potential for a variety of printing technologies.
ABN AMRO Participaties
ABN AMRO Participaties is the independently managed private equity business of ABN AMRO. With a focus on investments in Dutch companies and known for their long-term commitment to their investee companies. Their funds are fully and solely committed by ABN AMRO.
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 organizational 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 realizing 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 realize 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, comments, “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 AAP's ownership.”
The preceding press release was provided by a company unaffiliated with packagePRINTING. The views expressed within do not directly reflect the thoughts or opinions of the staff of packagePRINTING.
