Nordian Capital Partners has sold Kipp & Zonen to OTT Hydromet Group

Lincoln International (“Lincoln”) is pleased to announce the successful sale of Kipp & Zonen, a leading Dutch manufacturer of solar irradiation systems and atmospheric science instruments for solar energy and meteorology, by Nordian Capital Partners. The final purchaser is OTT Hydromet GmbH, a German group of companies active in the measurement of water quality and quantity, air quality and telemetry. OTT Hydromet Group is a member of Hach Company, a globally operating water analysis company based in the U.S.

Founded in Delft, Netherlands, in 1830, Kipp & Zonen has developed into the global market leader in pyranometers. It is considered a pioneer for the solar power industry where its products are regarded as the industry standard. Its products are among others used for measurements of solar irradiance, far infrared irradiation and atmospheric properties such as ozone concentrations.

Kipp & Zonen complements OTT Hydromet Group’s existing portfolio and will offer its customers a greater ability to measure the meteorological and hydrological parameters that are critical to support them in making informed decisions.

Erik Valks, CEO of Kipp & Zonen, said, “We are delighted and proud to become part of the OTT Hydromet Group. It will support our mission to be a global, leading manufacturer of instruments that measure climate properties to the benefit of people around the world. Our products and services in solar energy and meteorology are highly complementary to the range of many OTT Hydromet Group companies. Together we have the potential to become the undisputed global leader in our markets, which I value as a very positive development for employees and customers.”

Perry Bos, Managing Partner at Nordian Capital Partners, said, “We have selected Lincoln International for their knowledge of the solar power industry, global access to relevant buyers and committed team. The team provided us with clear advice and ran a competitive and efficient process. This successful outcome ensures that Kipp & Zonen is well positioned to continue to flourish as part of the OTT Hydromet Group.”

Lincoln acted as exclusive financial advisor to the seller, working closely with both Nordian Capital Partners and the Kipp & Zonen management team. Lincoln led a highly competitive auction process with strong interest from both international strategic investors, as well as financial sponsors.

Nordian Capital Partners has sold Kipp & Zonen to OTT Hydromet Group
  • 2017
    Close Year
  • Business Services
    Industry
  • Private Equity
    Client Type
  • Strategic | Cross-border
    Transaction Type
  • Germany | Netherlands
    Countries

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