Embargo until June 18th 2008 - 7.30 a.m.
Antwerp, 18th June 2008
Financial shareholders sell their shares in tower
crane rental company Arcomet to the management
GIMV, Sofinim (74% Ackermans & van Haaren - AvH) and NPM Capital sold today their
shareholding in Arcomet, allowing so the company to be 100% owned by the current majority
shareholder and CEO Dirk Theyskens and the management. The transaction has been financed with
the support of the investment fund LFPI and Sofina.
GIMV held 20% in Arcomet, while Sofinim and NPM Capital each held 10%. They all supported
through development capital the growth of the Belgium-based company alongside the family
Theyskens. Their capital increase provided the required financial basis for expanding the tower
crane fleet and building the appropriate management structures of the company which were
required by its international expansion. The consolidated sales of the company grew from 53 million
€ in 2000, when GIMV, Sofinim and NPM Capital entered the company, to 120 million € in 2007, the
EBITDA increasing from 12.5 million € to 33.0 million €. Arcomet became hence the biggest
independent provider of tower crane rental and purchase services in the world, with activities in
most of the European countries, Singapore and the United States of America.
The transaction results in a capital gain of 5.4 million € at the level of Ackermans & van Haaren
(part of the group). No further financial details concerning this operation will be announced.
Ackermans & van Haaren is a diversified group active in 4 key sectors: contracting, dredging and concessions
(DEME, one of the largest dredging companies in the world - Algemene Aannemingen Van Laere, a leading
contractor in Belgium), Real Estate and related services (Leasinvest Real Estate, a listed real-estate investment
trust with real estate assets of approximately 460 million euros – Extensa, an important land and real estate
developer focused on Belgium, Luxemburg and Central Europe), privat