Acquisition of Installatie Bedrijf Zuid B.V.

Rene de Keijzer is CEO of FMI Holding B.V., an industrial company with over 400 employees that supplies systems, modules and components for high-tech, industrial and medical OEMs. FMI has grown strongly in recent years, both through organic growth and through the application of a buy-and-build strategy.

As part of the buy-and-build strategy of 21Groep, the installation branch of FMI in the Southwest Netherlands and Flanders region, Installatiebedrijf Zuid (IBZ) from Noord-Beveland was acquired to supplement the existing installation activities.

De Keijzer:"During the takeover process, we made use of RD+P. Their sharp argumentation in determining the value and thinking along in determining the right negotiation strategy had a clear added value in the conclusion of the final purchase agreement.

The acquisition is interesting for 21Groep because of the good reputation of IBZ in Noord-Beveland. For IBZ, the takeover by 21Groep is an opportunity to meet the demand for broader services by its customers, such as security, air conditioning using the knowledge of 21Group.

De Keijzer about this: “The acquisition of IBZ is the next step in realizing 21Groep's growth ambitions. We are an ambitious club and through this acquisition we can serve even more customers."

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