De Roeve and Down2Earth Propel Regional Automation Expansion

Deal News | Jan 06, 2025 | Down 2 Earth Capital NV

De Roeve, established in 1991 and a prominent figure in Belgium's industrial automation sector, is set to augment its market presence with the strategic partnership of Down2Earth Capital III (D2E). The company, under the stewardship of founder Koen De Roeve, along with key partners Tom Maddalena and Peter Vangronsveld, has garnered acclaim from major Tier-1 clients, including giants like Pfizer and Novartis, due to their advanced technological solutions. This collaboration manifests as D2E becomes a capital associate, supporting De Roeve's ambitious plans to form a top-tier automation group traversing Belgium and the Netherlands. They intend to accomplish this by integrating various entities specializing in industrial automation and leveraging innovative platforms to attract burgeoning entrepreneurs. Both parties emphasize sustainable growth and dedication to fostering an environment of reliability and practicality. From D2E's perspective, as articulated by Alain Keppens, the acquisition is integral to their strategy of buy-and-build, demonstrated by their investment in their third fund. De Roeve's established ethos and high client satisfaction rate further reinforced their decision to partner with them.

Sectors

  • Industrial Automation
  • Private Equity

Geography

  • Belgium – Belgium serves as the headquarters for both De Roeve and Down2Earth Capital, making it a focal point for the collaborative expansion efforts.
  • Netherlands – The strategic growth plans include expanding into the Netherlands, highlighting its importance in the regional development strategy for De Roeve and D2E.

Industry

  • Industrial Automation – The article highlights De Roeve's role in providing cutting-edge industrial automation solutions and services, which is central to the company's strategic growth plans.
  • Private Equity – Down2Earth Capital's involvement as a capital partner underscores the significant role of private equity in facilitating growth and expansion for companies like De Roeve.

Financials

  • 10 million – De Roeve's turnover in 2023, reflecting its business scale prior to the partnership.

Participants

NameRoleTypeDescription
De RoeveTarget CompanyCompanyA leading Belgian firm in industrial automation, aiming to expand its regional presence with partner Down2Earth Capital's support.
Down2Earth CapitalPrivate Equity PartnerCompanyAn independent private equity fund focusing on medium-sized transactions in Belgium, supporting De Roeve's growth strategy.
Koen De RoeveCEO and Founder of De RoevePersonFounder and CEO of De Roeve, leading the company into its next phase of strategic growth with Down2Earth Capital.
Tom MaddalenaPartner at De RoevePersonOne of the partners at De Roeve actively involved in the company's growth and strategy.
Peter VangronsveldPartner at De RoevePersonA partner at De Roeve contributing to the company's expansion plans.
Alain KeppensRepresentative of Down2Earth CapitalPersonRepresentative from Down2Earth Capital involved in the partnership with De Roeve.