Armada Outdoor has been acquired by Andus Group
HVL, a subsidiary of TBI Holding, has sold Armada Outdoor to Andus Group.
Armada Outdoor is a leading Dutch company providing a unique total solution concept comprising design, prototyping, production, installation and maintenance of media facades, illuminated signs, innovative traveler information systems, signposting and outdoor furniture such as shelters and bicycle parking systems.
Andus Group is a holding company focusing on the petrochemical industry, infrastructure and the marine sector.
Joseph Kuling, CEO of HVL, said: “The sale of Armada Outdoor is part of TBI Holding’s strategic restructuring process. An important condition in the sale process was to find a buyer who could provide continuity to Armada Outdoor’s employees. Therefore, we are pleased that Andus Group, a stable and ambitious company, acquired Armada Outdoor."
Oaklins' team in the Netherlands acted as corporate finance advisor to the seller in this transaction.
Talk to the deal team
Related deals
Varsteel, Ltd. has acquired Pacific Steel, Inc.
Pacific Steel, Inc. has been acquired by Varsteel, Ltd.
Learn moreSibelco has received strategic advisory related to the exit of a minority shareholder
SCR Sibelco has received strategic advisory related to the exit of a minority shareholder. Different options were considered. On 8 December 2023, Sibelco announced its intention to launch a share buyback program, via a tender offer, to acquire up to 18.94% of outstanding shares for a price of €6,850 per share and a total deal consideration of €609 million. The program offered liquidity optionality to the exiting shareholder, as well as other minority shareholders looking forward to crystallizing some value. Sibelco is delighted to pursue with its ambitious mid-term growth plan thanks to a refocused shareholder register and the support of the founding families. Further information on the transaction can be found in the prospectus of the tender offer.
Learn moreArbo Windows becomes the leading wooden windows producer in the Baltics by acquiring Arlanga Wood
Arbo Windows, a leading Latvian producer of wooden windows and doors, has acquired Arlanga Wood, a leading Lithuanian producer of wooden windows and doors, creating the largest wooden windows producer in the Baltic states. The combined group has over 200 employees and generates over US$20 million of annual revenues.
Learn more