PerfectPro acquired by Blauwburgh Invest
Oaklins acted as exclusive M&A advisor to Perfectpro, European market leader and highly innovative designer, developer and producer of professional jobsite radios, on its acquisition by Blauwburgh Invest, a Dutch investment firm that participates in profitable companies with excellent management.
As European marketleader, Perfectpro is frontrunner in innovation and has pioneered many new products on the worksite radio market. Perfectpro was first to introduce new technologies like Digital Radio DAB+, Bluetooth and Wi-Fi radio. This has resulted in a unique product assortment, of over 30 different models, ranging from basic to luxury and from pocket to full-size, designed with the needs of the professional end-user in mind. Perfectpro stands for high-end quality jobsite radios with an excellent sound and resistant to all weather conditions. In addition to the building sector, Perfectpro radios are used by professionals in industry, the agricultural sector and the metal sector, in warehouses, workshops and garages, by excavation workers, gardeners, and painters, etc.
Perfectpro is the #1 choice for a wide range of professionals from all industries
Adse de Kock, partner at Oaklins, said: “This is our second transaction for the founding shareholders, following the successful sale of the diamond cutting and drilling tools division (InterDynamics Salesgroup B.V.) to A.S.F. Fischer, in 2017. The sale of Perfectpro gives the founders the opportunity to retire.”
Blauwburgh Invest: “Perfectpro is a highly innovative company with a unique product portfolio and strong brand name. Leveraging on the current product portfolio and through dedicated sales and marketing activities, there are still significant growth opportunities in and outside of Europe. Perfectpro is well positioned for growth in current markets, into new geographic markets and into new market segments.”
Financial details of this transaction are non-disclosed.