Europe-focused private equity firm IK Investment Partners has agreed to acquire a majority stake in Ampelmann, a Netherlands- based supplier of motion compensated gangway (MCG) technology to the offshore energy sector. Financial details for the transaction were not disclosed.
Headquartered in Delft, the Netherlands, the company supplies the offshore oil and gas, and wind power industries. It was founded in 2008 as a spin-off of the Delft University of Technology.
IK’s investment will give Ampelmann the ability to expand further among its existing client base in the North Sea, the company said. It will also allow it to increase penetration in overseas markets, in the Middle East, Brazil, Australia and Asia.
Remko Hilhorst, partner at IK Investment Partners, said, “Ampelmann’s MCG systems are the most advanced in the world and are changing the way the offshore industry carries out maintenance. By strengthening Ampelmann’s share capital, IK will support the company’s development further. We are looking forward to working with the management team whose talent and vision created the market leading technology behind MCG.”
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