Jul 31, 2008

Gilde and management acquire Ordina Technical Automation (TASK24)

Ordina Technical Automation will continue its services under the new name TASK24, with the current specialists and customer base and now is the largest non-listed company in its market.

All parties involved are convinced that the independent status of TASK24 offers a solid base for further growth and continuity in line with the aspirations of employees and customers. TASK24 has the ambition to become the technical automation partner and employer of choice.

TASK24 offers a strong mix of embedded and industrial automation specialists that can be deployed across the entire technical automation field, from chip to factory. Core services exist of secondment, consultancy, project management, development and engineering.

Gilde is very pleased to join forces with the management and specialists of TASK24. This will enable the company to fully focus on her core activities and implement its ambitious growth plans. The group of specialists and independent status put TASK24 in an excellent position to provide value added services and solutions to its customers, without any restrictions.

About Gilde

Gilde Equity Management Benelux - one of the funds of Gilde Investment Management – is one of the leading parties in the Benelux 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 De Banket Groep, ETNA Groep and Koninklijke Nedschroef. In the ICT sector Gilde has earlier invested in PQR, Solidium, Jobpartners, Application Networks and Carmen Systems.

For more information:

Mr. Geert Eijkhout, General Director
Tel. +31 (0)73 5235910
Fax +31 (0)73 5223285

Gilde Equity Management (GEM) Benelux
De heer Glas, Partner
Tel. +31 (0)30 2192542
Fax +31 (0)30 2192575

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