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Nordian joins the shareholder base of Wetac to support further growth
Nordian, a Netherlands-based private equity firm, has joined the shareholder base of Wetac, a leading supplier of batteries and battery systems for various applications and end-markets.
Wetac is well positioned to continue its growth in current end-markets and simultaneously target new geographical markets. In addition, the Company sees many opportunities in new applications of batteries which will be necessary to achieve the energy transition, for example with the use of battery energy storage solutions (BESS). As investor focused on increasing and accelerating the growth of companies, Nordian will support the Company in jointly refining its long-term strategy and will offer Wetac and its team proactive support in areas including financing and add-on acquisitions. In addition, Nordian will assist the management team in further professionalizing the organization.
Wetac is a European high-end battery brands owner and value-added distributor. Over the years, Wetac’s strong innovative capabilities helped it to develop a high-end, complementary and coherent product offering. It consists of among others cyclic & stationary battery systems, including battery racks for uninterrupted power supply and transportation solutions. In addition, Wetac offers a variety of chargers and other accessories to ensure that customers have all the necessary equipment to power their devices. Wetac is headquartered in the Netherlands and has regional offices in Germany, Switzerland, the United Kingdom, Greece and the Czech Republic.
Nordian is an independent Dutch investor focused on increasing and accelerating the growth of companies. Founded in 2014, Nordian has now contributed to more than 30 companies as a critical and committed investment partner. Nordian aspires to support its portfolio companies to enter new areas of growth. In doing so, Nordian does not take the management’s place, so that the entrepreneurs can continue to do what they do best: growing their business.
Marco van Wijngaarden, CEO of Wetac, expressed his enthusiasm about taking the company to the next level, stating: “Wetac is performing and growing well, but as management we see opportunity to boost growth together with a partner. There are ample synergetic acquisition opportunities throughout Europe and we could benefit from support in acquiring and integrating those targets. Furthermore, the current energy transition opens a whole new and large market, a market Wetac is perfectly positioned for. After careful consideration, we selected Nordian as the perfect match for us to support us in developing these business opportunities proactively and thereby realizing our growth ambitions.”
Gregor Beusmans, Managing Partner at Nordian, adds: “We are very impressed with the leading position Wetac has established in Europe in several attractive end markets. In addition, we are excited about the long-term growth opportunities arising from global electrification. This fits well with our investment strategy and we look forward to enter the new growth phase together with the management team and the rest of the company.”
Marco van Wijngaarden, CEO of Wetac, on Oaklins: “With Oaklins’ extensive knowledge of the investor landscape, we were able to swiftly get in touch with many potential partners that could have high added value. How Oaklins positioned us triggered the interest of many. We are very satisfied with their advice, the smooth process they ran and outcome.”
Oaklins’ team in the Netherlands served as the exclusive sell-side advisor to Wetac’s shareholders. This transaction complements Oaklins’ strong track record in supporting mergers, acquisitions and divestments in the energy (transition) market. On the back of this track record, Oaklins has detailed insights in sector dynamics, valuation trends, key personalities, as well as potential buyers and targets.
