NPM Capital and the management of Kramp have reached an agreement with shareholder Schouw & Co for the acquisition of the Denmark-based holding company’s 20% ownership interest in Kramp. In 2013, Kramp merged with its sector counterpart Grene, which was at that time owned by Schouw & Co. Following the merger, Schouw gained a 20% ownership interest in the merged company.
NPM Capital gained an equity interest in Kramp, Europe’s largest technical wholesaler for the agricultural sector, back in 2010. NPM Capital and Schouw have enjoyed a very constructive working relationship since the merger in 2013. Johan Terpstra, Investment Director at NPM Capital, explains: ‘Schouw and Grene already formed an extremely good team. Following the merger of those two companies, we pulled out all the stops to ensure our envisioned synergies actually became a reality. And we have been successful in that endeavour. Through these steps we are underlining our desire to stay on board for a long time and to facilitate the Kramp management in fulfilling their growth ambitions.’
Eddie Perdok, CEO of Kramp, says he is delighted with the increase in Kramp’s equity interest: ‘Kramp is an excellent company with an outstanding market position in Europe. We have committed and motivated employees and as a team we work hard to do a better job every day. By strengthening our ownership position in this way, we are underscoring the confidence in our organisation, our management and our future.’
The transaction is expected to be finalised by the end of 2016.
