Eshgro attracts new investor for further growth

Eshgro attracts new investor for further growth

Eshgro attracts new investor for further growth

Eshgro attracts new investor for further growth

Boxmeer/Blaricum, August 31, 2022 – Strikwerda Investments (SI) becomes the new majority shareholder of IT service provider Eshgro, headquartered in Boxmeer (NL) and merges Eshgro with its portfolio company Total Specific Hosting (TSH). SI takes a majority share in the company from the Amsterdam investment firm Holland Capital. Eshgro receives support from the TSH organization and receives permanent capital from SI to shape the next growth phase and realize follow-up acquisitions. This transaction further accelerates the growth path for customers and employees.

Over the past years, Eshgro has grown out into one of the most important Dutch players in the field of Microsoft365 Cloud technology and has additionally developed its own software platform Smarter365. This innovative platform ensures that organizations can work measurably faster, easier and safer. This transaction gives Eshgro the opportunity to pursue a long-term buy-and-build strategy with the ambition to become the leading Microsoft 365 Cloud supplier for medium-sized organizations in the Netherlands. Together, the two companies employ more than 850 employees.

Edwin de Ruijter, CEO of Eshgro: “This acquisition is a logical next phase In the growth path for our company. Our strategy is to combine organic growth with acquisitions in adjacent market segments, further expanding our portfolio and customer base. We are therefore specifically looking for parties that seek for a partner to enable the transformation to the cloud that we can help accelerate with our self-developed Smarter365 platform. In this way, more customers can use Eshgro’s proven cloud solutions. Our entire management team will continue in their current role to realize this next step.”

Strikwerda Investments (SI) is a family investment firm that focuses on healthy, ambitious, medium and large-sized SMEs. It is a Dutch investment fund with a strong track record in the ICT sector. SI is majority shareholder in the ICT outsourcing company TSH and via this transaction will also become a majority shareholder in Eshgro. TSH has a long-term investment horizon and, in addition to the current strong organic growth, also wants to connect other leading ICT outsourcing companies within the group.

Joris Dierick, CEO/CFO of Total Specific Hosting: “Eshgro has a proven approach to bring clients to the Microsoft cloud and accelerate the customer journey through their Smarter365 Platform. The joining of forces gives the other companies within TSH the opportunity to benefit from the collaboration. Edwin and his team are a welcome addition to our team of ambitious entrepreneurs. In addition, Anton Loeffen, founder of Eshgro, in his new role as Chief Technology Officer of TSH, will help our company accelerate in the next steps to the public cloud and the rollout of the modern workplace, enabling us to serve our customers even better in the future.”

Hubert Verbeek, managing partner Holland Capital: “Since 2015, we have been involved in Eshgro as an active shareholder. We have actively supported management in the buy-and-build and strategic development of the company and are proud of what we have achieved together. We wish the team, together with SI, every success in this next phase of growth.”

Financial details of the transaction will not be disclosed. The transaction is subject to approval from the supervisory authority of the Dutch Autoriteit Consument & Markt (ACM).

Holland Capital invests in nanotech company Kriya Materials

Holland Capital invests in nanotech company Kriya Materials

Holland Capital invests in nanotech company Kriya Materials

Holland Capital invests in nanotech company Kriya Materials

 

Amsterdam August 5, 2022 – Holland Capital is investing in Kriya Materials (Kriya), a leading developer of advanced nanotechnology-based custom coating solutions. The funding will be used to accelerate international expansion. 

 

Advanced coating solutions

 

Kriya specializes in developing, manufacturing and selling customized multifunctional coating solutions for many industrial applications. Kriya supplies its products to manufacturers of LCD screens and solar panels, as well as to the glass- and foil industry, among others. Based on patented nanoparticles and the expertise to create multifunctional coatings, Kriya enables customers to optimize the performance of their products, generate or save energy, and reduce the carbon footprint of their products in various ways.

 

Investment for growth

 

Holland Capital’s financing will enable Kriya to further strengthen its activities in Asia and to move into a new production site in South-Limburg. In addition, Valentijn van Velthoven, former Managing Director at Boschman Technologies and former VP Alpha Assembly Solutions, will use his knowledge and experience, particularly acquired in Asia, to help realize Kriya’s growth ambitions.

 

Roel Huis in ‘t Veld, CEO Kriya Materials, says “Holland Capital has the right expertise to realize our growth ambitions. I look forward to a pleasant cooperation with Holland Capital and Valentijn to realize our goals”.

 

Jan-Frens van Giessel, partner Holland Capital, says “We are impressed with the qualities of the team and the commercial traction Kriya has with leading international parties in various industries. We are convinced that with the right focus Kriya can become the market leader in optical multi-functional coatings.”

 

Valentijn van Velthoven, says “Kriya’s unique technology and deep know-how of end-applications enables customers to develop innovative solutions that combine ‘best in class functionality’ with proven CO2 emission reductions. This combination is essential for the emerging materials transition of many industries, including consumer electronics, automotive and photovoltaics. We therefore strongly believe in the potential of Kriya and the possibilities to further expand this success.”

 

About Kriya

Kriya was founded in 2006, and is based in Geleen. The portfolio of products consists of customized products with various properties, anti-reflection, dirt-repellent, anti-static, near-infrared light-repellent or scratch-resistant systems are some examples. For instance, the coating boosts the energy generation of solar panels or improves the readability of displays.

 

About Holland Capital

Over the past 40 years, Holland Capital has responsibly and successfully invested in over more than 150 SME-companies. With a clear investment strategy Holland Capital is active in the attractive growth markets of Healthcare and Technology. Holland Capital’s experienced and committed investment team understand entrepreneurship. They aim to establish an open, sustainable, and professional relationship with the companies they invest in, with the common goal of achieving growth. Holland Capital is backed by a broad network of successful Healthcare and Technology entrepreneurs.