VP Textile carries out Purchase Price Allocation for Hydrowear acquisition
VP Textile BV, part of the industrial investment company VP Capital, has called upon the expertise of Match Plan for a Purchase Price Allocation (PPA) following the acquisition of Hydrowear. This valuation was essential for the accounting treatment of the acquisition and provides insight into the value of the acquired intangible assets. Thanks to a thorough analysis, VP Textile was able to correctly incorporate the acquisition into its annual accounts and gain a clear understanding of the impact on the balance sheet.
Specialist in protective work clothing
VP Textile manufactures sustainable workwear and protective clothing, with over 155 years of experience in the Dutch textile industry. As a holding company for several companies within the sector, VP Textile strives for a better balance between safety, comfort, and sustainability. The acquisition of Hydrowear aligns seamlessly with this ambition.
Hydrowear manufactures high-quality workwear and waterproof protective clothing for clients in sectors such as construction and industry. With a focus on quality, design, and compliance with technological and legal standards, the company supplies clothing to semi-government organizations and companies in sectors where safety is paramount.
Strategic expansion within the sector
With the acquisition of Hydrowear, VP Textile strengthens its position in the protective workwear market. The merger offers opportunities for synergy, product development, and economies of scale, while both companies retain their own brand identities. The PPA valuation enabled VP Textile to accurately determine the value of the acquired assets, a requirement for accurate financial reporting.
Match Plan guides the valuation process
Match Plan carried out the valuation of the intangible assets under the PPA. This included identifying assets such as brand equity, technology, and customer relationships, determining their remaining useful lives, and determining the associated values. The assignment was carried out under the responsibility of Richard Peeters, Director of Valuation at Match Plan.
This thorough valuation not only enabled VP Textile to comply with its reporting requirements but also provided insight into the strategic value of the acquisition. Match Plan's experience with complex valuation issues provided VP Textile with the assurance of a carefully substantiated process that contributes to the organization's continued growth.
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