Amsterdam / Stadskanaal / Bodegraven, October 23 2024 – Our portfolio companies Hybrid Power Units (HPU) and Top Systems (TS) have acquired industry peer Smart Grid. With the unification of HPU/TS and Smart Grid, the organization takes its first step in the Buy and Build strategy.

Battery-based energy solutions

The energy transition is crucial in addressing climate change and ensuring a sustainable future for future generations. Batteries are a key success factor in this energy transition. With the expertise of Smart Grid, HPU/TS can expand its product offering, allowing the company to serve even the largest projects where no grid connection is available (such as large infrastructure projects) in the new situation.

Buy and Build Strategy

The acquisition of Smart Grid is a significant step in the growth trajectory of HPU/TS, as Smart Grid produces higher-capacity batteries and possesses advanced software, which considerably strengthens the market position in a sector increasingly demanding larger energy capacities and smart management systems.
Holland Capital has been involved as a shareholder since April 2024. They actively support management in the strategic development of the company and aim to help accelerate growth. The goal is to position the battery as a widely adopted zero-emission alternative to fossil energy. By supplying batteries that meet the highest quality standards, we offer solutions to problems such as grid congestion, overcapacity, and the transition to sustainable energy, while also providing an attractive opportunity to respond to volatile energy prices.

Dick de Raad, CTO of HPU: “I have, of course, been following Smart Grid for some time due to my interest in the market. Their product portfolio aligns perfectly with the systems we already have. Through the upcoming collaboration, we will be able to handle any project.”

Joep de Ruyter, CEO of HPU/TS: “I am extremely excited about expanding our range in the high-voltage segment. This is an important step in the further growth and development of the combined companies, and I am particularly looking forward to bringing the expertise of the different teams together and serving Smart Grid’s existing customers well.”

About Smart Grid

Founded in 2019, Smart Grid is an engineering and software development company specializing in battery-based high-voltage solutions for the off-grid market. The company has developed its own software platform, which allows remote management of the batteries. Smart Grid offers a range of battery solutions designed to meet various energy capacity needs. www.smartgrid.com

About Hybrid Power Units

Hybrid Power Units (founded in 2021) originated from a broader emergency power supplier and specializes in battery systems deployed in both off-grid and on-grid markets. Applications include markets such as temporary housing, construction & infrastructure, and Energy Storage Systems (ESS). www.hybridpowerunits.nl

About Top Systems

Top Systems (founded in 1984) is a leading provider of comprehensive power solutions based on batteries. Throughout its rich history, the company has developed a broad and high-quality product portfolio, including inverters/battery chargers and (lithium) batteries, based on the range from supplier Victron Energy. www.top.systems

About Holland Capital

Holland Capital has been responsibly and successfully investing in promising Benelux and German SMEs with growth ambitions for over 40 years. The team understands entrepreneurship and strives for an open, sustainable, and professional relationship with the management teams of the companies they invest in, with the common goal of realizing growth. Holland Capital has offices in Amsterdam and Düsseldorf. With specialized sector teams, it focuses on the Healthcare, Technology, and Agrifood-Tech sectors. They understand the dynamics and opportunities, and have an extensive network in these sectors.