Another major investment group gain ground in the horticultural industry . HAL Investments , the Dutch investiture subsidiary of HAL Holding , has sign agreements to acquire 60 % of the shares in Stolze and to larn 24 % of the share in Prins Group . " HAL Investments is work on a new portfolio of company in the horticultural supply chain that can fend for each other on an individual project basis for large , complex and international project that are more and more initiated by investors " , they excuse .
Horticultural suppliersDutch company Stolze and Prins Group are both family busineses , active worldwide in the glasshouse sector . Stolze is a world player providing technical system for horticultural greenhouses . Prins Group is one of the sovereign glasshouse builders in the Netherlands , generating more or less 90 % of its turnover overseas and intending to grow substantially in the coming years .
HAL is the Dutch investiture subsidiary of HAL Holding N.V. , an international investment company that is list on the Amsterdam Stock Exchange via HAL Trust . HAL has a diverse portfolio of internationally active party . The final plus value of HAL total to € 13.7bn at the final stage of 2019 .
Geert van Veen , chief executive officer of Prins Group , ‘ This is a fantastic moment for our company . Many individual equity investors have approached us in recent years , but HAL was the obvious selection . We need growth capital to continue at the cutting edge internationally , but not at any price . The continuity of our family concern , securing employment for our employees , and the prospect of an implausibly dynamic future with a new stable shareholder who ’s committed for the retentive term were the key considerations for us . ’
Projects by Prins Group , completed in China and in advance in The Netherlands .
As allege it ’s also the grow roll of the investors that this determination was based on . ‘ Unlike in the Netherlands , these large projects unremarkably come to us first , ’ say Van Veen . ‘ It all starts with a nursery exterior . And when that is finished , there is a whole range of system of rules that need to be installed inside . We are often asked to provide turnkey solutions for these variety of projects . To do that , you need close collaboration with reliable partners who sympathise each other in doing business internationally . Partners you’re able to work with to practically solve the challenges that come your way . HAL ’s plan are promising . We have already worked on a routine of large projects with Stolze , but HAL wants to bring in even more specialize company that can be the dot of contact for great agriculturist and investor look for incorporated cultivation solutions , include all the service that go along with it . ’
The other members of the Prins Group management team , Nico van de Laar , Sebastiaan Vroegop and Rob Schulte , also characterise the move as ‘ a great growing for the society ’ . ‘ Not only will HAL give us extra resources for expansion , we can also do good from the experience they have with growing international organisations . We are looking forward to working together . ’
International expansionThe exuberance is no less with Stolze . ‘ Our new stockholder has a strong strategic vision for future developments in the external horticultural sector . And that imagination is in line with ours , particularly around what we need to attain our growth goals and outside expansion in the coming year , ’ enounce Jilles Goedknegt , Stolze CEO .
Part of that visual modality is using targeted participations to mould a chemical group of leading horticultural companies to complement each other in the provision chain for horticultural projects . ‘ That could let in a wide range of companies , from greenhouse builder and automation fellowship to service supplier . Together , these companionship can react to the grow requirement from investor for turnkey solutions in America , Asia , the Middle East and Russia . These are horticultural projects that are becoming larger and more complex and require great collaboration between specialist suppliers , ’ says Goedknegt .
Theo Stolze say that in the Netherlands , the grower unremarkably the one buying systems for their own greenhouses , while abroad it is often investor who are face for complete cultivation solutions . ‘ The grandness of system caliber and integration is growing every day . Systems are becoming more complex and increasingly critical for craw controllability and output . HAL has a keen centre for these developing , too , and their architectural plan to procure an interest in greenhouse builder Prins Group are proof of that . If we do n’t direct down this road now , in just a few short years , we ’ll be falling behind . ’
‘ HAL Investments will institute us substantial supply note value to do the growth we need to achieve in the coming years , ’ adds Niels van den Ende . ‘ In gain to being a stable , financially strong shareholder , we will be realize a cooperator with expertise and clout that is can aid us professionalize our business process , attract new endowment , and elaborate our kitchen stove of services nationally and internationally . At the same time , we desire to continue being the family business we have always been , a company with short and accessible lines of communication . HAL ’s own story makes them very sensitive to that facet of the business . ’
The receiptsShareholders Niels van den Ende ( MT member and Benelux Commercial Manager ) , Theo Stolze ( Export Manager ) and Carel van Ruijven ( Operations Manager ) will carry on to operate as shareholders within Stolze . Sales of the companionship over 2019 were € 95 million and Stolze employed circa 120 FTE . The company has offices in Maasdijk and Aalsmeer in the Netherlands . Abroad , Stolze conserve a internet of dealer and has service decimal point in multiple countries that provide service to local client . Stolze was advised on the dealings by Triple Group , the noesis and connection core for greenhouse farming chains .
Prins Group presently has offices in Kwintsheul and Dokkum , with global final sale of approximately € 37 million at the end of 2019 and approximately 44 FTEs . The Van Veen family will maintain a shareholding with laminitis Geert van Veen ( CEO , 56 ) , son Tom ( 25 ) and Logos - in - law Marco Zwinkels ( 35 ) , both in charge of commerce and MT team members . Prins Group was advised on the transaction by Bram Breederveld from Blaak & Breederveld Accountants .
Both transactions are dependent to received condition for transactions of this nature , including approval by competition authority , and are require to close up in the first quarter of 2021 .
