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Ter Apel’s WitecWitronic acquires Brabant-based Wijdeven |
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Combined business becomes market leader following acquisition
WitecWitronic, headquartered in Ter Apel, the Netherlands, has acquired Wijdeven, another Dutch company operating in the same sector. The acquisition represents an important development for our company. It will enable both businesses to develop further as a new company that will be more competitive and able to pursue its growth strategy further. The new company will employ more than 150 employees in the Netherlands in total, of which about 100 work at Wijdeven and 55 at WitecWitronic. The total turnover will amount to around € 25 million. For the time being, both companies will continue to operate under their own names.
Wijdeven and WitecWitronic are healthy businesses. The acquisition has created a player of real stature that is the clear number one in the Netherlands, and that can also play a leading role at a pan-European level. The combination of both businesses will enable the new company to become even stronger in the coming years on the basis of a strategy geared to stable growth.
The acquisition means that you will be able to count on an even stronger business partner. We place great value on the mutual trust and confidence that forms the basis of good business collaboration. In that respect, nothing will change. Maintaining the excellent relationships with our clients, suppliers and other business partners to which you have become accustomed will continue to be paramount for us. We look forward to our continuing collaboration and an even stronger relationship.
For more information, please see the press release.
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