Announced
Synopsis
Infestos, a sustainable investment firm focused on entrepreneurial and hands-on investment of family capital, agreed to acquire Neways, a Netherlands-based provider of client-specific industrial and professional electronic components and systems, for £181m. VDL Groep was also bidding for Neways, but withdrew its offer on July 6, 2021. "We are excited to join Neways in its journey to become a best in class EMS company. We fully support its ‘One Neways’ and ‘System Innovator’ strategy. We believe this strategy can create long-term value whilst Neways remains an independent publicly listed company. With our extensive experience in transitioning and growing strongly positioned technology companies, we are looking forward to working together with Neways on accelerating its journey of profitable growth," Frank van Roij, Infestos Investment Director.
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