- Geesinknorba Group; a leading European manufacturer of waste management solutions, has been taken over and is Dutch owned again.
- The group is active in app 40 countries, has factories in Emmeloord and Seville, and seven branches across Europe.
- The group attracted new capital to grow with its sustainable solutions such as hybrid, full electric and hydrogen powered waste collection products.
Geesinknorba Group; a leading European manufacturer of service waste management solutions, has been taken over and is Dutch owned again.
The group is active in app. 40 countries, with its headquarters based in Emmeloord, the Netherlands; where it engineers and manufactures waste collection vehicles. Besides in Seville, Spain; where its compactors are manufactured. From seven owned branches across the European continent, the company provides services, repairs and maintenance to customers in both the public and private sector.
Founded in 1875 as a builder of carriages by Jacobus Geesink, the company exported its first waste collection vehicle in 1915. Ever since, the company has been a specialist in waste management solutions. It is well known as the frontrunner of innovative engineering and for its high level of quality in product development. While the company still offers conventional means of powering waste collection equipment, it is focused on the most sustainable solutions and has innovated on alternative fuel and electricity powered vehicles since 2005. Currently Geesinknorba offers hybrid, full electric and even hydrogen powered waste collectors.
Now, after more than 20 years the company is back to its roots and will be 100% Dutch owned again. A group of entrepreneurs, management and investor Globitas bought the Geesinknorba Group from Firion, an international environmental firm.
The Geesinknorba Group’s new CEO Rene de Wit; ‘We are glad with this momentum. It is in a way an end to a beginning. It is now time for positivism needed to navigate through a challenging time. To embrace change and put love and concerted effort into the company. We look forward to collectively work with all our stakeholders to turn it into a great success.’
In order to get all interests aligned, the new owners want to introduce a more entrepreneurial spirit. For example, they intend to distribute shares of the company among the employees and give several managers of the international branches the opportunity to become partly owner. The company’s balance sheet will be strengthened and new capital will be made available to help the company grow its sustainable solutions.
Arthur Clement, partner at Globitas; ‘Circularity and electrification are topics that can’t be denied. Especially in urban situations; where cities ban fuel cars, transportation, scooters, etc. Governments don’t have any excuse to still have diesel-powered garbage trucks in their streets. We believe there is a huge potential for the sustainable waste solutions of Geesinknorba.’
De Wit; ‘We want to contribute to a clean and sustainable world by empowering the waste-to-value industry. We are committed to advance our customers’ business by providing advanced waste management solutions that offer substantial added value and low TCO. That is why we develop and provide the most innovative waste collection solutions for sustainable waste management.’
In this transaction the seller Firion was advised by EY M&A Netherlands,HVG Law as well as Philippe Pellegrin Consulting SAS. Buyers were advised by Biesheuvel Jansen Advocaten. No financial details are issued.
END OF PRESS RELEASE
About Geesinknorba Group
Geesinknorba Group; a leading European manufacturer of service waste management solutions. Founded in 1875, the group is currently active in app. 40 countries. Geesinknorba’s headquarters are based in Emmeloord, the Netherlands; where it also engineers and manufactures waste collection vehicles. From seven own branches across the European continent, Geesinknorba provides services, repairs and maintenance to customers in both the public and private sector.
Key brands include Geesink and Norba, both RCV products and Kiggen (static compactors). The Group also offers its clients additional products such as satellite vehicles, and sweepers.
For more information: www.geesinknorba.com or https://www.youtube.com/watch?v=0ZYftcYcnB4
About Globitas Capital
Globitas is owned and operated by a team that takes a hands-on investment approach. We are value-add investors and look for opportunities to synergistically work with strong management teams to take companies to a next phase. We aim to apply top-line growth strategies to add value to our participations. We are not afraid to invest in undervalued companies, projects with remediable challenges, and enterprises with clear value add potential. We look to actively add value to our investments with our creative and entrepreneurial approach.The combined asset portfolio of Globitas employs over 5.000 people, in 8 European countries and the US, with an annual revenue of over ~€ 500 million.
For more information: www.globitas.com
Press contact Geesinknorba:
Jeroen Kok — email@example.com +31 6 295 45 560
Press contact Globitas:
Arthur Clement — firstname.lastname@example.org +31 6 137 22 285
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