Project Description
Client: A. Hak
Sale of Kaal Masten to VDL
A. Hak, the Netherlands-based company engaged in the design, construction and maintenance of infrastructures for transport and distribution of oil, gas, water and electricity, has sold Kaal Masten, the Netherlands-based company that designs, produces and installs masts, to VDL Groep, the Netherlands-based company engaged in the development, manufacture and sales of semi-finished products, buses and coaches and other finished products, for an undisclosed consideration.
The divestment is in line with A.Hak’s strategy to focus on its main activities, such as design, construction and maintenance for the transportation and distribution of oil, gas, water, heat and electricity. As part of the transaction, 125 employees of Kaal Masten will be retained by VDL Groep. Kaal Masten reported revenues of EUR 19m in 2016. Quore Capital acted as sole financial advisor to the shareholders of A. Hak.
December, 2017
- Client: A. Hak
- Target: Kaal Masten
- Buyer: VDL
- Seller: A. Hak
