Aalberts Industries N.V. acquires specialist in high-tech sensors and measurement systems
July 24 2018 - 1:30AM
Langbroek, 24 July 2018
Aalberts Industries N.V. has reached an agreement
to acquire 100% of the shares of VAF Instruments B.V. (VAF). The
company with 85 employees based in Dordrecht, the Netherlands,
generates an annual revenue of approximately EUR 20 million. VAF
will strengthen our Aalberts fluid control activities.
VAF is a manufacturer of high-tech sensors and
measurement systems with own R&D facilities for the general
industries and power generation end markets. VAF has a global
leading position in marine measurement systems, enabling shipowners
to increase fuel efficiency and to reduce the carbon footprint. VAF
solutions also enable ship operators to optimise maintenance
schedules and costs. VAF is well known for its application knowhow,
innovative customer approach and global 24/7 service.
The experienced management team of VAF will
continue to manage the company and drive further innovative growth
together with Aalberts. VAF will bring knowledge of high-tech
sensors, measurement systems and performance management software
engineering to the Aalberts portfolio, which can be valuable in
other applications. The global service network and customer base
will strongly improve our position in the marine and power
generation end markets, where other activities of Aalberts can take
advantage of.
The results of VAF will be consolidated as
of 1 July 2018 and will directly contribute to the earnings
per share and will be financed from existing credit facilities.
Please visit www.vaf.nl for additional
information.
contact (from 8:00 am CEST)
+31 (0)343 56 50 89
investors@aalberts.com
press release in pdf
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aalberts Industries N.V. via Globenewswire
Aalberts (LSE:AALB)
Historical Stock Chart
From May 2024 to Jun 2024
Aalberts (LSE:AALB)
Historical Stock Chart
From Jun 2023 to Jun 2024