Hydratec to acquire majority interest in Rollepaal Holding BV

DEDEMSVAART, THE NETHERLANDS – Hydratec Industries NV is in far-reaching discussions with financial services company Wadinko (Zwolle) regarding the acquisition of a 75% interest in Rollepaal Holding BV (Dedemsvaart).

Investment from Hydratec and existing shareholder Wadinko will support the continued growth and development of Rollepaal Holding BV business. Hydratec is a globally-operating stock listed specialist in industrial systems and components with a focus on the Agri & Food, Automotive, and Health Tech markets. In addition to Rollepaal Holding BV, Hydratec will take a 75% interest in Stork IMM (Hengelo).

Bart Aangenendt, CEO, Hydratec. “This plan fits very well with Hydratec Industries’ growth ambitions. Both these machinery manufacturers have many years of experience and are true specialists in their niche markets. This constitutes a major expansion of Hydratec Industries’ Systems activities.” Wadinko is a financial services company with the goal of stimulating industrial activity and employment in the Overijssel, Noordoostpolder and Zuidwest Drenthe regions of the Netherlands.

René Wolfkamp, Managing Director, Wadinko stated, “Wadinko is delighted that in Hydratec Industries it has found a partner with experience that will contribute towards a structural growth of both organisations.”

The Works Councils concerned have been consulted and the intended transaction will also be presented to an Extraordinary General Meeting of Shareholders from Hydratec Industries for approval. The full text of the Hydratec press release can be viewed at: https://hydratec.nl/en/press-releases