Today LAN Handling Systems International BV, a Hydratec Industries NV subsidiary, acquired ABAR Automation BV. Founded in 1998, ABAR Automation is a leading manufacturer of ‘end-of-line’ handling systems with sales across Europe, and more recently into Asia. ABAR employs 40 staff and is based in Halfweg, Amsterdam, with reported sales of € 9 mio in 2014.
Hydratec CEO Bart Aangenendt said:
“This acquisition fits perfectly in Hydratec’s growth ambition within the agri & food systems. ABAR’s technological know-how and their specific knowledge in the food industry is a very good addition to LAN’s current activities.”
The workers council involved advised positively to this transaction.
Profile Hydratec Industries NV (Hydratec)
Hydratec is an industrial holding company with companies engaged in the following sectors:
- Development and production of Agri & Food Equipment by Pas Reform Hatchery Technologies (Zeddam, Holland) en LAN Handling Systems (Tilburg, Holland)
- Development and production of plastics-parts and-packaging by Timmerije (Neede, Holland) and Euro Mouldings (Nijverdal, Holland)