Investment fund VADO (Eindhoven, The Netherlands) has acquired one the country’s top injection moldmakers, IGS High Tech (Tilburg), for an unidentified sum. The fund also acquired another high-end moldmaker in the country, Gebo Jagema, and synergies of a positive sort are expected to be realized.â¨
New moldmaking partners: Peter Mertens, managing director IGS High Tech; Hans Bakker, managing director Gebo Jagema; Oscar van der Horst, CEO of VADO’s High Precision Concept.
IGS High Tech specializes in high-cavity production molds for technical precision parts for various industries, optical parts, complex closures, and more, with the company particularly successful in the medical device market in the last decade. VADO acquired 100% of the company and intends to retain Peter Mertens as managing director.â¨ â¨VADO, which grew out of the country’s Van Doorne/DAF Cars and Trucks automobile manufacturer, adds the moldmaker to its portfolio of about 35 companies. IGS officials reckon the investment will help the moldmaker continue to invest for the future, and gives it the financial stability that customers increasingly look for among their suppliers, especially in financially unsettling times.
IGS High Tech now will work more closely with Gebo Jagema (Valkenswaard), the other high-tech mold and parts manufacturer acquired by VADO. IGS’s specialty is in technical parts with complex (3D) shapes whereas Gebo Jagema’s experience lies more in round parts. VADO’s investment philosophy includes supporting synergies between its portfolio companies while maintaining the various brands. —[email protected]