25.07.2024
Royal Reesink sells Motrac Industries to Anders Invest
Royal Reesink and Anders Invest have finalized the takeover of Motrac Industries. Motrac Industries Holding B.V., set up by Anders Invest, now owns Motrac Hydrauliek B.V. and Motrac Hydraulik GmbH.
With sites in Zutphen and Papendrecht (The Netherlands) and Willich (Germany), Motrac Industries employs 110 staff and has nigh on 70 years of experience in hydraulic engineering. Its activities have been successfully expanded to encompass electric drives in recent years. Motrac Industries acts as distributor for Linde Hydraulics in the Netherlands, Belgium, Germany and Poland as well as having supplier relationships in place with leading parties. This forms the basis for the successful development, construction, supply and repair of hydraulic and/or electric drive systems. In addition, hydraulic manifolds are produced at the Willich site under the name IMAV Hydraulik and specific solutions for inland navigation are supplied and maintained from Papendrecht under the name Hydromarine. Motrac Industries' systems are used throughout the world in the agricultural, maritime, mobile and industrial sectors.
Motrac Industries has been taken over by Anders Invest, a renowned private equity firm focusing on long-term investment in and collaboration with Dutch small and medium-sized enterprises (SMEs) in the manufacturing and technical sector.
For Royal Reesink, this step is in line with the strategic focus of the business on its core activities, namely the distribution of and aftersales services for agricultural, construction, landscaping and logistical machinery. As a supplier of high-quality hydraulic and electrotechnical solutions and components, Motrac Industries is not the perfect fit for Royal Reesink’s portfolio. There is too little common ground between the markets in which Motrac Industries and Royal Reesink are active, and Royal Reesink takes the view that a different owner will be better placed to support Motrac Industries with its ambitions.
Rogier van der Linde, CEO Royal Reesink: ‘We are delighted with this transaction. First and foremost because we firmly believe that Anders Invest is the right partner to take Motrac Industries to the next level and to help it fulfil its full potential. And on the other hand because this marks a significant step in our strategy of fine-tuning our portfolio. We would like to thank the teams at Motrac Industries, headed up by directors Maarten Vinkesteijn and Nicolai Linssen, for their contribution to Royal Reesink’s development and wish them every success operating under the flag of Anders Invest’.
Maarten Vinkesteijn, Divisional Director Reesink Industries: ‘Having Royal Reesink as a parent company gave us the freedom to build the future-proof business that we have today, with our fantastic premises in Zutphen, new machinery in Willich and an entirely new product group, “E-drive”.
Since joining Royal Reesink in 2013, we have tripled our turnover – growth that we would not have been able to achieve without Royal Reesink’s support. As Motrac Industries, we are also grateful to have been given the opportunity to play a significant role in the search for a new, suitable partner.
Anders Invest has expressed its intention to do its utmost to retain Motrac Industries’ talented staff and provide them with opportunities for growth and development. Customers can expect a seamless transition and a sustained high standard of service and support from Motrac Industries’.
Gerald van Kooten, partner Anders Invest: ‘Motrac Industries is a great addition to Anders Invest Industry Fund’s portfolio. In Motrac we see a sturdy specialist with a track record in hydraulic drives and a solid position in the burgeoning market for electric drives combined with hydraulic solutions. Which enables Motrac to create unique customer solutions in the various end markets in which it is active’.