M&A Deal Summary

Innovus Smart Engineering Acquires Movares

On October 24, 2023, Innovus Smart Engineering acquired engineering company Movares from Bolster Investment Partners

Acquisition Highlights
  • This is Innovus Smart Engineering’s 1st transaction in the Engineering sector.
  • This is Innovus Smart Engineering’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2023-10-24
Target Movares
Sector Engineering
Buyer(s) Innovus Smart Engineering
Sellers(s) Bolster Investment Partners
Deal Type Add-on Acquisition

Target

Movares

Utrecht, Netherlands
Movares is a consulting and engineering company providing solutions to capacity, safety, and integration problems in the areas of mobility, infrastructure and transportation systems. Movares is based in Utrecht, Netherlands.

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Buyer(S) 1

Buyer

Innovus Smart Engineering

Rotterdam, Netherlands

Category Company
Sector Engineering
DESCRIPTION

Innovus Smart Engineering is a group of engineering firms with a proven track record in the world of built and spatial environment. Innovus Smart Engineering is based in Rotterdam, Netherlands.


DEAL STATS #
Overall 1 of 1
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2023 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Bolster Investment Partners is a private equity firm focused on acquiring and investing in profitable, entrepreneur and family-owned Dutch companies. Bolster seeks businesses with strong management teams and EBITDA of at least €3 million. The Firm typically commits €7.5 to €50 million per transaction to support management buy-outs, provide growth capital, and facilitate pre-exit transactions. Bolster has a broad sector focus, with an emphasis on manufacturing, services, and distribution. Bolster Investment Partners was founded in 1982 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 2 of 2
Sector: Engineering M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Netherlands M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-25 Kwabo Techniek

Volendam, Netherlands

Kwabo Techniek is a manufacturer of (i) floor protection and has expanded its product portfolio in recent years with (ii) non-woven fleeces and (iii) self-adhesive floor covering materials. The non-woven fleeces and self-adhesive floor covering materials are manufactured in Kwabo’s own production facilities in Long An (Vietnam) and Volendam (the Netherlands). Kwabo Techniek was founded in 1991 and is based in Volendam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-22 WIND Subsea Cable Services

Alkmaar, Netherlands

WIND Subsea Cable Services specializes in the field of logistics, storage and recovery of subsea cables, particularly for offshore wind farms. With logistics hubs and local teams in ports in Europe, Asia and North America, WIND operates worldwide and carries out projects for renowned developers and owners of offshore wind farms. WIND Subsea Cable Services was founded in 1991 and is based in Alkmaar, Netherlands.

Buy -