MACH Technology, leading technology company specializing in product development and manufacturing of electronics, is proud to announce the acquisition of VENNE Electronics, a renowned peer with a strong reputation in the market. MACH has attracted Nordian as a shareholder in 2021 to further shape its buy-and-build strategy together. The acquisition of VENNE Electronics marks an important milestone in MACH's growth and strengthens its position as a solid player in the Dutch electronics industry.
With approximately 250 employees, including an electronics development branch of more than 40 engineers plus project management, MACH Technology has established itself as a supplier with broad electronics expertise. The acquisition of Venne Electronics, which in turn has similar expertise in development and production, creates an even more powerful company capable of offering a wider range of services to customers in different sectors and regions.
Willem Kok, CEO MACH Technology: "Within MACH we believe that joint growth makes us stronger, initially together with our customers, but also with partners. We rely on the strength of the group and the agility of the various independently operating entities within it. As a group, we can further develop our organization, bring more innovation and have broad technical know-how. Flexibility is key for us. Because HEAD, CDS, MUCO and now VENNE continue to operate independently, we can easily adapt to the wishes and needs of individual customers. Through this partnership we can further enable our customers to excel in their markets in order to take the steps towards more innovation and further growth together. This acquisition strengthens MACH's position as a frontrunner in the Dutch electronics industry."
Ward van der Venne, director Venne Electronics: "With the joining of VENNE Electronics with MACH Technology we strengthen and broaden our technological know-how and logistical strength to further work on growth and continuity of VENNE Electronics. With this new step we enter a new phase in which we are able to serve our (future) customers even better." Under the new corporate structure, VENNE Electronics will continue to operate under the same name and the team will remain fully committed to providing high-quality products and services to their existing customer base. In doing so, the acquisition will provide new opportunities for innovation and collaboration between the two companies.
For more information about MACH Technology, please visit www.machtechnology.nl.
For more information about VENNE Electronics, please visit www.venne.nl.