TRANSACTION

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July 2015

ProXES Group Acquires Dutch Process Technology Manufacturer Terlet N.V.

July 30, 2015. ProXES GmbH is expanding its group product portfolio through the acquisition of the Dutch machinery manufacturer Terlet N.V. from Stegel Holding B.V. Androschin & Partner (A&P) advised on the transaction and conducted commercial due diligence on behalf of ProXES GmbH.

INVESTOR

ProXES GmbH

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TARGET

Terlet N.V.

Headquarters
Zutphen (NL)
Founded
1917
Employees
~70
Additional Information
Revenue in 2014: €16 million
Seller
Stegel Holding B.V.
Transaction
Acquisition to Expand the ProXES Product Portfolio

ABOUT THE COMPANY

Terlet N.V.

Terlet (Zutphen, Netherlands) is known for its scraped-surface heat exchangers (Terlotherm) as well as high-tech process vessels for processing liquid and semi-liquid food products and personal care products; 2014 revenue: 16 million euros, 70 employees.

ABOUT THE INVESTOR

ProXES GmbH

ProXES brings together several leading process technology providers (including Stephan Machinery and FrymaKoruma) for the food industry under the DBAG umbrella.

OUR ROLE

Commercial Due Diligence

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