Acquisition of BTV by Normec

Sector(s)
Business Services
Deal type
Buy a business
Date
March 2021
Countries involved
Benelux

Client

Normec, a Dutch group of TIC companies with an active Buy&Build strategy

Deal

Normec acquired BTV as add-on to their active Buy & Build strategy in the Testing, Inspection, Certification (TIC) market space.

Parties

Lead team

  • Jan Willem Jonkman

    Jan Willem Jonkman

    Managing Partner Benelux
  • Marleen Vermeer

    Marleen Vermeer

    Partner Benelux

About the deal

Normec acquired BTV as add-on to their active Buy & Build strategy in the Testing, Inspection, Certification (TIC) market space. Through a number of acquisitions in the Benelux and neighbouring countries, Normec wishes to further expand and professionalize the services within the group and to let the companies grow as a stronger whole. As Capitalmind, we have advised them with a number of these acquisitions. The acquisition of BTV is to become stronger in the “Life Safety & Environment“ segment.

Bureau Technique Verbrugghen (BTV), is an established testing and inspection firm focusing on the safety by carrying out legally required inspections of machinery and installations in Belgium.

What we did

Capitalmind advised the shareholders of Normec during the Buy & Build process in the TIC market by focusing on the acquisition process, including searching for suitable targets, connecting the first contact with the target’s companies, negotiations and lastly advising on deal structuring. This is the 5th acquisition advised by Capitalmind, following the previously acquired Care For Food Group, BVI, N&S Quality and BOSRO.