Lindeman finances Elta acquisition and forms new electrical engineering group
Due to the carve-out of Lindeman's panel building activities and the financing for the acquisition A new, future-oriented group within the electrical engineering sector has been established by Elta Elektrotechniek. This restructuring strengthens the strategic focus of both companies and lays a solid foundation for further growth.
Lindeman strengthens focus within electrical engineering
Lindeman Electrotechnology has years of experience building control panels and installing and maintaining technical systems. The company supports customers throughout the Netherlands with customized solutions, from design and assembly to service and breakdown assistance. Thanks to a team of specialized technicians and a strong focus on quality and reliability, Lindeman has become an established name in the industry.
To future-proof these activities, Lindeman has consolidated its panel building activities into a new entity, Lindeman Panel Building BV. A carve-out separates a specific activity from the rest of the organization. This creates a clear structure and allows for targeted investments in specialization and process optimization. This allows both entities to further develop based on their own growth opportunities.
Expansion of electrical engineering services
Elta Elektrotechniek adds in-depth technical expertise and complementary capabilities in electrical engineering and implementation. The merger with Lindeman creates a broad and complementary range of products and services.
The combination creates clear synergy benefits in engineering, production and purchasing, enabling the new group to operate more efficiently and strengthen its market position.
Financing for restructuring and acquisition
A suitable financing structure was needed within a short timeframe for the carve-out and acquisition. Match Plan managed the entire process, including drafting the financing memorandum, developing the optimal financing structure and holding discussions with several major banks.
The financing process was supervised by Leon Koorevaar and Noa Kweekel. “It was a beautiful and complex process in which speed, structure and collaboration were central,” according to Leon Koorevaar, Director M&A at Match Plan. “The combination of a carve-out and an acquisition brought together multiple interests and tight deadlines. In close collaboration with all parties, we quickly established a solid financing structure that the new group can build on.”
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