IHC Vremac Cylinders / VAPO
Royal IHC, a supplier of equipment, vessels and services for the offshore, dredging and wet mining markets, has sold IHC Vremac Cylinders to VAPO for an undisclosed consideration.
IHC Vremac Cylinders (Vremac) is a designer and manufacturer of top quality customized and project-engineered hydraulic cylinders, accumulators and swivels for all applications in the dredging and offshore, civil engineering, transport and loading, and heavy-duty machinery industries. Vremac has a strong global client base in multiple end markets. Renowned customers include Caterpillar, Mammoet, SPIE, Huisman and Boskalis. Vremac operates from a custom-build facility in Apeldoorn that was opened in 2017 and employs 90 full-time employees.
VAPO is a Belgian designer and manufacturer of hydraulic cylinders, hydraulic systems and components. VAPO is backed by Belgian private equity firm Vybros, a hands-on firm focused on small- and medium-sized companies.
Oaklins’ teams in the Netherlands and Belgium advised the sellers in this transaction.
Cavendish played an invaluable role throughout a complex transaction and in particular getting the transaction across the finishing line.
This deal provides an excellent platform for the Levolux business to continue its overseas expansion. As well as the compelling strategic fit, Alumasc provides an excellent home for the Levolux brand and team. We are delighted with the outcome and the support extended to us by Cavendish.
This has been a highly complex transaction involving 10 jurisdictions. Cavendish has held our hands throughout the process, providing a dedicated team who have done a superb job; this has greatly reduced interruptions to our businesses whilst adhering to the original timetable. Cavendish has achieved a very successful sale at a fair price to a buyer who will enjoy significant strategic value from the purchase.
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