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.
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