Aalberts N.V.: Aalberts strengthens hydronic flow control position in eco-friendly buildings
April 15 2021 - 1:30AM
Aalberts N.V.: Aalberts strengthens hydronic flow control position
in eco-friendly buildings
Utrecht, 15 April 2021
Aalberts N.V. has reached an agreement to acquire 100% of the
shares of Sentinel Performance Solutions Group Limited (Sentinel)
based in Daresbury (UK), generating an annual revenue of
approximately GBP 20 million with 60 FTE.
Sentinel is specialised in the cleaning, protecting and
maintenance of heating and cooling systems in eco-friendly
buildings through the optimisation of water quality. The Sentinel
portfolio of additives, filters, and scale protection ensures
optimum temperature transfer to all applicable parts in heating and
cooling systems. This contributes significantly to energy savings,
improves the system performance and extends the lifetime.
The Sentinel product range will further strengthen the existing
portfolio of Aalberts hydronic flow control, offering integrated
solutions to increase the energy efficiency of heating and cooling
systems in eco-friendly buildings from source to emitter. The
strong sales organisation of Aalberts hydronic flow control will
drive the growth of Sentinel’s product range in regions and
segments where Sentinel is not yet active.
Utilising the combined strength and knowledge of our teams will
result in a long-term innovation roadmap, aimed at driving
significant future growth in improving the energy efficiency of
heating and cooling systems for our end users. The digital services
developed by Aalberts in recent years, will be part of this
roadmap.
The experienced management team of Sentinel, led by David
Barrett, will continue to manage the company. Sentinel will become
the competence centre of water quality within Aalberts hydronic
flow control, including the existing water quality activities of
Aalberts hydronic flow control in France. Sentinel’s base location
in Daresbury (UK) will utilise the resources of Aalberts hydronic
flow control in St Helens (UK) to facilitate future growth.
The results of Sentinel will be consolidated as of 1 May 2021.
The acquisition will directly contribute to the earnings per share
and will be financed from existing credit facilities.
Please visit www.sentinelprotects.com for additional
information.
contact +31 (0)30 3079 301 (from 8:00 am CEST)
investors@aalberts.com
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