ABN AMRO Participaties has acquired MPS
ABN AMRO Participaties (“AAP”) has reached an agreement to acquire MPS Group B.V., the parent company to MPS Systems BV (“MPS”), from majority shareholder Braver Investments, Oost NL and the founders of MPS.
Wim van den Bosch (CEO), Willem Huijink (CFO) as well as founders Bert van den Brink and Eric Hoendervangers will remain with the business and invest alongside AAP.
“In the past few years under the ownership of Braver Investment and Oost NL, MPS has gone through a strong development from a product, a financial and an organizational point of view. MPS is now ready to enter into a new growth phase to become a top-3 player in the market. MPS therefore started looking for a new strong shareholder that is able and willing to support MPS in realizing and accelerating its business plan. I am convinced that with the support of AAP we will be able to achieve our ambitious growth target the coming years,” commented van den Bosch.
Friso Janmaat, Managing Director of ABN AMRO Participaties added: “MPS is an excellent example of a successful Dutch company with a highly technical great product, a strong management team and potential for growth. We're excited about working together with the company and its management team during the years ahead to realise its growth plans."