ECOTECH & ECOVALVES

 

Sector:

Services

Year of investment:

2019

Deal type:

Buyout / MBO

Business overview:

Two-staged buy out of two leading companies in the process automation sector. Founder and main shareholder of the group of companies, Bernd Izko, will sell majority stakes in both businesses to Allegrow and management over a period of 18 months.

EcoTech provides process instrumentation solutions including flow meters, temperature gauges, level meters and houses a strong admin function that can be scaled across the group. EcoValves provides an attractive range of valves and actuators to mining, industrial clients with strong growth aspirations. Both businesses have made key alliances with top international technology providers such as Endress + Hauser, Samson, TTV to name a few.

These strategic acquisitions are another building block in consolidating quality Namibian water sector businesses to create a local powerhouse.

Fund:

Allegrow

Status:

Invested

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