Key FactsSales at entry: ~€32.0m
Sector: Smart Industries
HQ: The Netherlands
Deal FactsYear of investment: 2014
Exit year: 2018
Buyer: Material Handling Systems, Inc. (US)
Company descriptionVanRiet Material Handing Systems specializes in the design, construction and installation of intra-logistic solutions. The product range comprises order-picking, sorting and transporting and pallet handling solutions. The company operates from three locations in the Netherlands and China.
Growth caseSince our investment the company has achieved substantial year-on-year sales growth (>20% pa). After a number of years of substantial investments the organization and international expansion of the organization to create a platform of excellence, VanRiet benefitted from strong momentum in the material handling systems market. This was fueled by the growth in demand from (system integrators in) e-commerce, courier-express-parcel market (‘CEP’) and warehouse & distribution (‘W&D’) and primarily the end customers that are building ‘last-mile’ B2C hubs. VanRiet’s shoe sorter was perfectly positioned for the size of these hubs. The company was successfully sold to strategic buyer MHS, a leading provider of advanced parcel sortation systems, engineering and equipment.
May 28, 2018
Avedon Capital Partners exits VanRiet to Material Handling Systems, Inc. (US) after successful growth strategy
Jun 12, 2016
VanRiet expands business operations in Germany
May 15, 2015
VanRiet Group introduces the new IQ-grid
Mar 05, 2015