Antwerp/Aalter/Hulshout, November 5, 2024 – Vectis Private Equity and Arxior Partners are pleased to announce that they have acquired Van Moer from the Dutch Wagram Equity Partners. Vectis and Arxior jointly acquire a majority stake in Van Moer, with the current CEO, Kenny Van Riel, retaining a minority stake. The financial details of the transaction are not disclosed.
Van Moer is globally active in the production and distribution of certified, high-tech, and customer-specific workwear. The Belgian company has existed for over a hundred years and has been able to grow significantly in recent years in the cleantech, healthcare, and military sectors thanks to advanced technological developments. Approximately one hundred employees work in R&D, sales, and distribution at the headquarters in Hulshout and the location in the Netherlands. Manufacturing has been primarily carried out in Tunisia and Slovakia for the past thirty years.
With a strong emphasis on Corporate Social Responsibility (CSR), the company is also committed to making a positive impact on society and the environment. Over the past years, various initiatives have been implemented to make production processes more sustainable. In addition to using recycled materials and efficient production methods, improving the circular economy within the sector is one of the company’s main focuses.
Vectis and Arxior aim to support Van Moer in further growth and innovation. They plan strategic investments in new technologies and expansion into new markets. By working together, they will enhance operational efficiency and create new opportunities for both employees and customers. In this context, a buy-and-build program will be initiated.
CEO Kenny Van Riel emphasizes, “Together with Vectis and Arxior, we look forward to taking Van Moer to new heights. I would like to thank Wagram for their pleasant cooperation over the past years.”