Gimv, a private equity firm, completed the acquisition of a majority stake in Variass, a supplier of technology intensive electronic solutions. Financial terms were not disclosed. “Gimv is for us the right partner for a successful future as they underwrite our strategy and business operations. It is a wonderful opportunity to strengthen our position by starting a partnership with AME whilst guaranteeing the continuity of Variass. We have strong complementarities in the field of Development & Operational Excellence, which will benefit the customers of AME and Variass. We work with the same production platform, enabling us to offer our customer even better continuity in a strongly changing market by producing from multiple locations,” Henk Smid, Variass Founder and CEO.