Waterland Private Equity-backed Wallanderburg Invest, a private equity firm, agreed to acquire a stake in Montronic Vic, a Spanish company whose business consists on the development, manufacture and marketing of electronic control devices and systems, from Electronic Manufacturing Holding, a spanish technology company, for €22m. “In Waterland we have found a partner that is highly complementary and committed and shares our long-term vision and corporate culture; it brings an entrepreneurial mindset, collaborative spirit and extensive track record supporting local business owners achieve their growth targets. Its experience with buy-and-build strategies and deep knowledge of the European EMS sector make it the ideal partner for our ambitious and exciting journey ahead”, David Ortega, Montronic CEO and shareholder.