Baas Research & Development has been acquired by VoestAlpine AG
Baas B.V., a subsidiary of TBI Holding B.V., has successfully sold its research and development division Baas R&D to VoestAlpine A.G. for an undisclosed consideration.
Baas R&D is an independently operating research, development and consultancy division, specialized in innovative practical applications in optoelectronics and optical fiber technology. Baas R&D has developed and manufactured various applications for the railway environment, which have been successfully implemented in several countries both within and outside Europe. Tiemen Schra, CEO of Baas B.V., expects continued growth and an even stronger market position for the company in the future: “Baas R&D has a very good strategic fit with VoestAlpine. VoestAlpine will enable the company to capitalize on its unique know-how and to further develop and broaden its product range as well as expand its position to new geographical markets.”
VoestAlpine is an international steel company and the largest railway producer in Europe. Through its subsidiary SST Signal & Technik GmbH, VoestAlpine also has a strong focus on the market for railway infrastructure monitoring. Thomas Starzer, Senior Vice President Internationalization of VoestAlpine, commented: “From the moment we were approach by the Dutch team, I was convinced that the products and know-how of Baas R&D were a strong addition to our current portfolio. The team had a professional approached throughout the acquisition process.”
Baas B.V. is a technical service provider focused on infrastructure, data and telecommunications networks as well as technical installations. It is a subsidiary of TBI Holding B.V. TBI is the third largest technical service provider and fourth largest building company in the Netherlands.
Oaklins' small cap advisory team in the Netherlands acted as M&A advisor to the seller in this transaction.
Talk to the deal team
Related deals
Dolmans Landscaping Group has welcomed Foreman Capital as a new shareholder to support further growth
Dolmans Landscaping Group, a leading full-service provider of landscaping services, has welcomed Foreman Capital as a new shareholder. By partnering with Foreman Capital, which has extensive experience in building stronger companies in the maintenance of public spaces, Dolmans can accelerate its growth trajectory across core verticals and further professionalize the business.
Learn moreGuard has strengthened its Danish platform with the acquisition of Holtec
Guard Automation AS, a leading Nordic provider of automation services, insight and process optimization, has acquired Holtec AS, a Danish engineering and automation company. The acquisition strengthens Guard’s presence in Denmark and supports its strategy of combining strong local expertise with digital platforms. Together with X Automation, Holtec will form a strong Danish automation platform, enabling knowledge sharing, best-practice transfer and enhanced capabilities across the Nordics.
Learn moreMiddlecon has been acquired by Nion
Middlecon has been acquired by Nion, a digital consultancy backed by Stella Capital. The acquisition strengthens Nion’s capabilities in data management and advanced analytics, enabling it to undertake larger and more complex data-driven initiatives for its customers. The partnership with Nion provides Middlecon with a strong foundation for continued growth and expansion.
Learn more