Private Equity group Argos Wityu has played a crucial role in enabling this acquisition.
Zwolle-based IJssel Technologie has successfully acquired Preventive Maintenance Group (PMG) in Zeeland, marking a significant expansion into the Belgian market. This strategic move, facilitated by Argos Wityu, the majority shareholder of IJssel Technologie since late 2022, demonstrates the company's commitment to growth. The M&A strategy of IJssel aims to consolidate automation, electrical, and mechanical activities around the industrial maintenance needs of their clients.
Building construction lines
Specializing in maintenance, engineering, installation, and optimization services for industrial clients, IJssel Technologie is a key player in the industry. From its seven locations in the Netherlands, the company constructs production lines for well-known manufacturing companies such as DAF, Douwe Egberts, DSM, FrieslandCampina, Heineken, and Tata Steel. With approximately 400 employees, it achieved a turnover of €60 million last year.
Second transaction
This transaction represents the second successful move by IJssel Technologie following the acquisition of JD Techniek in December 2023. PMG, founded in 2010 in Zeeland, specializes in first-line preventive lubrication maintenance, inspections, and consultancy.
With a focus on serving clients in the Flemish region of Belgium, PMG has become a reputable name in its niche.
The newly sealed deal not only strengthens IJssel Technologie's service portfolio but also marks its entry into the Belgian market. While specific financial details of the transaction remain undisclosed, the strategic significance of this acquisition positions IJssel Technologie for continued success and growth.
As IJssel Technologie continues its expansion journey, this move into Belgium underscores the company's commitment to providing top-notch services and innovative solutions to a broader clientele. The acquisition of PMG aligns with IJssel Technologie's mission to expand its business in industrial maintenance and engineering services.
JBR, Lexence, and Mazars where involved as advisors for IJssel Technologies in this transaction.
