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.