IHC Vremac Cylinders has been acquired by VAPO

Royal IHC, a supplier of equipment, vessels and services for the offshore, dredging and wet mining markets, has sold IHC Vremac Cylinders to VAPO.

IHC Vremac Cylinders (Vremac) is a designer and manufacturer of top quality customized and project-engineered hydraulic cylinders, accumulators and swivels for all applications in the dredging and offshore, civil engineering, transport and loading, and heavy-duty machinery industries. Vremac has a strong global client base in multiple end markets. Renowned customers include Caterpillar, Mammoet, SPIE, Huisman and Boskalis. Vremac operates from a custom-build facility in Apeldoorn that was opened in 2017 and employs 90 full-time employees.

VAPO is a Belgian designer and manufacturer of hydraulic cylinders, hydraulic systems and components. VAPO is backed by Belgian private equity firm Vybros, a hands-on firm focused on small- and medium-sized companies.

Oaklins' teams in the Netherlands and Belgium advised the sellers in this transaction.

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M&A sell-side

Parties

“IHC’s strategy is to be a supplier of reliable and innovative equipment, vessels and services, and we have therefore decided that it would be better for Vremac to team up with a new strategic partner. In this way, Vremac will be able to realize its ambition for further growth and make optimal use of its potential and recently upgraded facility.”

Dave Vander Heyde

CEO, Royal IHC

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Tom Snijckers

Partner

Amsterdam, Netherlands
Oaklins Netherlands

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Fokko Poldervaart

Partner

Amsterdam, Netherlands
Oaklins Netherlands

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Thomas Roelens

Managing Director

Brussels, Belgium
Oaklins KBC Securities

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