Van Halteren groep completes the strategic acquisition

As part of its growth strategy, the Van Halteren Groep has strengthened its position, as a leading producer and supplier of quality products and services for customers in the international defence market, by acquiring 100% of the shares of NOVEK Technical Solutions B.V. (formerly known as Stork Special Products).

The Van Halteren Groep with its headquarters in Bunschoten, the Netherlands, is a family-owned business with activities in several industries which are organised in three lines of business: Defence, High Voltage Switchgear and Industrial Services. The company employs about 300 employees and operates several production facilities in Europe and Asia.

The acquisition completes the product portfolio of Van Halteren Defence. By combining knowledge and capabilities the added value to customers will be increased. This will strengthen the position of both companies and will create future growth opportunities in the international market for defence products.

Moreover the acquisition will increase Van Halteren Defence’s international presence and provides opportunities in the Army and Naval market.

NOVEK Technical Solutions will become a stand-alone operating entity of the Van Halteren Group and will be renamed to Van Halteren Special Products.

Van Halteren Groep was advised by Florin Finance (corporate finance), JanssenBroekhuysen (legal), Loyens & Loeff (tax) and Deloitte (due diligence).

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