Yesterday Anders Invest and Geert-Willem van Weert acquired all shares of Vitotherm B.V. from Pijnacker (NL) from director and sole shareholder Wouter Voortman. The transaction resulted in a 75% stake for Anders Invest. After a transition period of some months Wouter will transfer the leadership to Geert-Willem and takes seat in the Advisory Board. It is the seventh acquisition for Anders Invest.
Vitotherm is world market leader in burner technique for the greenhouse horticulture sector and front runner with respect to sustainable burner technology. The horticulture uses Low-NOx burners for the heating of greenhouses. The CO2 from the burner will be used to accelerate the growth process of the crops. The nitric oxide (NOx) which is produced by combustion has to be minimized in order to realize maximum growth for the crops. This requires specific, high quality burners that operate optimally under different climatic conditions. Vitotherm supplies burners with an output between 2 MW and 25 MW for decades. Maintenance and SCIOS-inspections are mostly performed by Vitotherm itself and are an important foundation under long-lasting customer relationships. The burners are designed and manufactured in-house, when necessary based on customer-specific requirements. Through a network of installers and greenhouses, thousands of burners have been installed worldwide nowadays.
In recent years Vitotherm uses its knowledge of burners increasingly to serve industrial clients, like asphalt factories, power plants and the process industry. There are several new markets which are interesting for Vitotherm, both nationally and internationally. Furthermore the growth of international demand for Dutch-built greenhouses offers an outstanding growth perspective.
Anders Invest has much respect for Wouter and the 30 employees who created a company with global presence together. We look forward to build on this company together with them and Geert-Willem van Weert. Johan van Renselaar will be the Investment Manager from Anders Invest.