Royal IHC has sold Fundex Equipment to Hydrauvision

Royal IHC, a supplier of innovative and efficient equipment, vessels and services for the offshore, dredging and wet mining markets, has sold Fundex Equipment B.V. to Hydrauvision.

Fundex Equipment designs, manufactures and delivers multi-functional foundation rigs internationally. Nearly 60 years of experience in the various drilling and piling techniques underlies the development of the company’s product portfolio. Its main product lines are multi-functional foundation rigs, compact drilling and piling rigs, and auxiliary equipment, such as rotary heads. Fundex has an in-house engineering department which enables the development of custom-built machinery.

Hydrauvision, founded in 1973, is a Netherlands-based provider of hydraulic drive technology systems and solutions. The company offers power packs, hydraulic winches, hydraulic pumps, filtration units, coolers, hydraulic submersible dredge pumps and other hydraulic systems.

Oaklins’ team in the Netherlands acted as advisor to the seller in this transaction.