VanRiet

Key Facts

Sales at entry: ~€32.0m
Sector: Smart Industries
HQ: The Netherlands
Homepage: https://vanrietgroup.nl/

Deal Facts

Year of investment: 2014
Seller: Founders/management
Exit year: 2018
Buyer: Material Handling Systems, Inc. (US)

Company description

VanRiet 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 case

Since 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.

Contact persons

Related News

See all news