Aalberts has sold BROEN to Vexve, a portfolio company of DevCo Partners

BROEN

Founded in 1948 and headquartered in Denmark, BROEN A/S (BROEN) is a leading international manufacturer of high-performance valve technologies. BROEN offers valve technologies under the BROEN and Clorius Control brands for district energy, gas, marine and building installations end markets. The company employs around 500 people and operates production facilities in Denmark, Poland and the United States.

The Deal

The divestment of BROEN, which had been owned by Aalberts N.V. (Aalberts) since 1993, is part of Aalberts’s ‘thrive 2030’ strategy. Lincoln International acted as exclusive financial advisor to Aalberts in connection with its divestment of BROEN to Vexve Oy (Vexve), a European provider of valve solutions for energy infrastructure and a portfolio company of DevCo Partners.

The combination will strengthen Vexve’s position in its core segments by adding BROEN’s complementary product portfolio, strong brand and deep technical expertise. With a total workforce of over 1400 employees, the group will benefit from broader geographic reach, increased production capacity and enhanced capabilities in product innovation. Together, Vexve and BROEN will be well-positioned to meet the growing demand for reliable, energy-efficient valve solutions driven by the global energy transition to a higher utilization of renewable energy sources.

Our Perspective

Sibert Meulenbelt, Managing Director in Lincoln International’s Industrials Group, commented, “It has been a pleasure to partner once again with Aalberts and BROEN, underscoring our strong commitment to long-term client relationships. With Vexve, BROEN has found the optimal next owner. The combination of Vexve and BROEN creates a leading valve technology provider, well-positioned to deliver on the group’s ambitious growth plan.”

Aalberts

Aalberts is a global engineering company focused on mission-critical technologies enabling a clean, smart and responsible future. Headquartered in the Netherlands and with activities in over 50 countries, Aalberts operates in the building, industry and semicon end markets. The company is listed on Euronext Amsterdam.

Vexve

Vexve is the leading European provider of mission-critical valve solutions for industrial applications in the wider energy infrastructure. With the sector-leading installed base, the company is known for superior product quality, personnel’s expertise and reliability as a partner. Vexve supplies its products to more than 70 countries and employs around 900 people in its factories in Finland, Denmark, Czechia, Germany and China. Vexve aims to be the leading provider of mission-critical valve solutions in the transition to a low-carbon future.

DevCo

DevCo Partners is a long-term-oriented active owner dedicated to building world-leading companies in selected niche markets. DevCo provides its companies with hands-on operational resources, strategic support and significant financial resources to support step changes in their performance. DevCo is currently a significant owner of three global niche leaders: Vexve, Medix Biochemica and Bluefors.

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