Gilde takes a majority stake in ETNA Group
9 June 2008
Lichtenvoorde − Gilde today announces the acquisition of ETNA Group together with its current shareholder Mr. Ros. ETNA is active through its subsidiaries ETNA Vending Technologies and Solid Semecs in respectively the production of coffee drink systems for the professional market and electronic manufacturing services for a/o the automotive industry.
ETNA Vending Technologies is one of the leading players in coffee vending machines distinguishing itself in product quality and innovative drive. The Company sells its machines on a global level to major coffee brands and large regional players. A continued effort and focus on improving in-cup qualityand machine efficiency will fuel further growth.
Solid Semecs is an important production outsourcing partner for large automotive suppliers as well as OEMs in strong growth markets like a/o healthcare and alternative energy sources. Growth is driven by providing its strategic clients with knowledge, service and flexibility, combined with efficient production in its Slovakian plant.
Mr. Ros, shareholder and managing director of ETNA, is very pleased with the new joining of forces between Gilde and ETNA enabling him to fully focus again on entrepreneurship and realizing growth with a strong and experienced partner. Paul Lamers, managing partner at Gilde praises the quality of the product portfolio, the strong market position and the driven management teams of the businesses. The consideration paid will not be disclosed.
About Gilde
Gilde Equity Management Benelux - one of the funds of Gilde Investment Management – is one of the leading parties in the Dutch market for large and mid-sized buy-outs. Gilde Investment Management was founded in 1982 and manages various funds totaling approx. € 2.0 billion. Since the start of it activities - having invested in over 250 companies - Gilde has an extensive experience investing in a broad range of industries. Examples of recent investments by Gilde are a/o Socaz International (Kroon-Oil & Oliebron) acquired from Royal Dutch Shell, Wellington boots manufacturer Hevea International and the recently de-listed Nedschroef.
For more information
ETNA Group BV
Mr. Ros, managing director
Tel. +31 (0)544 39 12 05
Fax +31 (0)544 39 12 10
E-mail: m.ros@etna-vt.com
Internet: www.etna-vt.com, www.semecs.com, www.gilde.nl
