Gilde Buy Out Partners and Management acquire Veco Precision from SPGPrints
April 19, 2018
April 19, 2018 – Eerbeek / Utrecht – Funds advised by Gilde Buy Out Partners ('Gilde') today announced the acquisition of Veco B.V. (“Veco” or the “Company”), which was sold by its parent company SPGPrints B.V. (‘SPGPrints’). The terms of the agreement have not been disclosed.
Veco, a leading supplier of high-precision metal components, maintains a track record of innovation and has built a strong development pipeline supporting the future growth of the Company. Under the ownership of SPGPrints, Veco has displayed consistent growth, both organically as well as through add-on acquisitions.
Commenting on the sale, Joost Smits, CEO of Veco says: “I am grateful to all at Veco and SPGPrints for their contribution and support in putting the Company on a path of sustained growth. The sale of Veco to Gilde will allow us to further develop Veco as a strong, stand-alone business.”
Hein Ploegmakers, partner at Gilde: “We have been following Veco for some time and are impressed with its track record of consistent growth. The Company has built a leading position in micro-precision technology and is in an excellent position to further build on this solid foundation. We are excited to support Veco in this next phase of development.”
For further information please contact: • Maikel Wieland, Investor Relations Gilde Buy Out Partners – firstname.lastname@example.org
About Veco Based out of Eerbeek (The Netherlands) and founded in 1934, Veco Precision develops and manufactures mission critical precision metal components for a broad range of applications in hightech end markets including digital printing, medical and semiconductor, offering its customers an array of technology solutions: Electroforming, chemical etching and laser material processing. Employing approximately 350 FTE, the Company serves over 1,500 customers across 85 countries worldwide from its sites in The Netherlands (2), United Kingdom, Germany and India.
About Gilde Buy Out Partners Gilde Buy Out Partners is a leading European private equity investor with offices in Zurich, Frankfurt, Utrecht and Brussels. With EUR 1.1 billion, Gilde Buy-Out Fund V, the most recent fund, is among the largest dedicated mid-market buy-out investment funds in Europe.
Gilde controls majority shareholdings in Esdec, ZND, Albelli, Oystershell Laboratories, Losberger De Boer, Amor, T-groep, Royal Reesink, Comcave, Riri, TMC, Royal Ten Cate, Enkco, Eismann, Teleplan and Powerlines.