Mid-market transactions. Local expertise. Global reach.

VMRE acquired Flora World from E-Capital Equity Management. Flora World has been designing and distributing a wide range of green artificial plants and trees for over 30 years. VMRE will support management of Flora World in their continued growth story. VDP acted as advisor to the Buyers.

Steliau Technology, leading Pan European player specialized in value-added supply as electronic solutions provider, significantly broadens its Italian operations with the acquisition of the company Welt Electronic SpA based in Florence. This acquisition adds an important strategic pillar and is fully consistent with Steliau Technology’s strategic plan to expand throughout Europe. With the acquisition of Welt Electronic, Steliau, which closed 2023 with nearly €200m in sales, adds an additional €30m in revenue. Welt Electronic SpA has a staff of around 60 people. The rationale for the acquisition stands in the strong Value-Added product range complementarity solutions: Welt Electronic SpA brings its Leading positions in Lighting solutions, Industrial market, and Thermal Converting solutions with a dedicated digital cut production site to serve any kind of specific customer and market requirement. This investment in local expertise and know-how confirms Steliau's ambition to stand out from global approaches by promoting responsiveness and agility. Riccardo Rabatti, Pietro Dho and Giuseppina Marotta Directors of Welt Electronic SpA, will remain in charge and they are working alongside Steliau Italy's management to coordinate the implementation of the synergies of offers and services made possible by this new project.

Steliau Technology, leading Pan European Electronic Solution Provider, significantly broadens its Italian operations once again with the acquisition of the company ADELSY Advance Electronic System based in Bologna. This acquisition adds an important strategic pillar and is fully consistent with Steliau Technology’s strategic plan to expand throughout Europe. With the acquisition of ADELSY, Steliau, which closed 2023 with nearly €200m in sales, adds an additional €11m in revenue. The rationale for the acquisition stands in the strong Value-Added product range complementarity solutions: ADELSY is a leading player in Display & HMI, Embedded systems, Industrial computers and Power supplies. This investment in local expertise and know-how confirms Steliau's ambition to stand out from global approaches by promoting responsiveness and agility. ADELSY is set to remain independent for the coming months, nevertheless, the Group intends to boost synergies within all its subsidies, both at the Italian and Group levels. These include the recent acquisition of Steliau Technology Italy (formerly Special Ind and Interdipros) and Welt, acquired in May this year.

Steliau Technology, leading Pan European Electronic Solution Provider, significantly expands its territory once again with the acquisition of the company Alpha Micro Components based in the Hampshire. The acquisition of Alpha Micro Components represents a strategic step for Steliau Group, as it marks the first stage in its move into the United-Kingdom. In line with previous Steliau Group acquisitions, Alpha Micro opens up major cross-selling opportunities. All of the group’s services and skills will enable Alpha Micro to serve its customers with even greater value. Alpha Micro also brings to the Steliau group expertise in connectivity and geolocation that will benefit all of the group’s customers. Alpha Micro is set to remain independent in the group, nevertheless the Group intends to boost synergies within all its subsidies.

Steliau Technology, a leading Pan-European Electronic Solutions Provider, announces a major milestone in its growth journey with the acquisition of ACTRON AG, a well-established player in the German market. This strategic acquisition marks Steliau Technology's entry into Germany, further strengthening its position in the European market. ACTRON AG’s integration into Steliau Technology is expected to create significant cross-selling opportunities, in keeping with the group's previous acquisitions. Leveraging Steliau Technology's extensive expertise and services, ACTRON AG will be able to deliver even greater value to its customers, enhancing their experience and satisfaction. Moreover, ACTRON AG brings specialized expertise in displays, HMI, and touch panel technologies. These new capabilities will enhance Steliau Technology’s overall offerings, benefiting customers across all its subsidiaries. ACTRON AG will continue to operate independently within Steliau Technology. However, the group is committed to fostering synergies across all its subsidiaries to maximize collective innovation and value creation. This acquisition underscores Steliau Technology’s commitment to expanding its market presence while delivering state-of-the-art solutions to customers across Europe.

MH Equipment is a full-service dealer of material handling and automation equipment with a primary focus on fork lifts, service, and parts. The acquisition of Armor Equipment expands MH Equipment's service offering in the refuse and sewer equipment market, as MH Equipment recently entered the market with the acquisition of Mid-Iowa Solid Waste Equipment Co., Inc.

MH Equipment is a full-service dealer of material handling and automation equipment. With a primary focus on fork lifts, service, and parts, it is seeking to acquire companies in adjacent markets. The acquisition of Mid-Iowa Solid Waste Equipment is MH Equipment's first step to entering the refuse and sewer equipment market.

Boasting a strong presence in France, Italy, and Spain, with 4 acquisitions made since 2017, Steliau Technology Group is pursuing its Europeanization strategy in the value-added distribution market for electronic solutions by acquiring Alcom Electronics Group, which operates in Belgium and the Netherlands. These acquisitions strengthen the Group’s presence in Northern Europe and in the DACH region. Founded in 1980, Alcom Electronics is a Group specialized in the value-added distribution of electronics solutions. The product offering mainly encompasses the following: Component Solutions, Embedded Systems, Display & Touch, Wireless & Industrial networking and Power. The Group holds a leading position in its geographies and serves customers in a wide range of industry sectors. Alcom Electronics is expected to generate €38 million in sales in 2023 and employs around 50 people allocated between the two operating companies. The management team remains fully operational. Boosted by very robust underlying markets, Steliau Technology Group aims to continue its strong growth both in France and internationally and expects to achieve pro-forma consolidated sales of approximately €200 million in 2023.

Transaction: The Ghent based investment group aim.group is taking over logistics player VM Logistics. VDP acted as legal advisor to the buyer. aim.group: aim.group was founded by Dieter Aelvoet in 2014, as a result of a strong call for entrepreneurship. Over the years aim.group has grown into a fully-fledged family investment group, with activities and ambitions across various sectors and a centralized team of experts. The focus is on smaller, successful B2B service companies. For more information: www.aim.group/ VM Logistics: VM Logistics was founded by Bert van Meel in 2001 with a clear focus on recycling materials. The company has grown into a renowned name, 15 experienced employees strong. VM Logistics sorts and compresses plastic waste through a baler with a capacity of 30 tons. The pressed waste is then transported to the next recycling company. VM Logistics’ activities save trucks, making the company an invaluable link in the greater web of circularity. For more information: www.vmlogistics.be