Nordian has acquired a majority stake in Ede-based Wetac, a distributor of batteries and battery systems for various applications and end markets. Wetac foresees various growth opportunities in the existing markets and – in parallel to that – sees many opportunities in new applications of batteries to support and accelerate the energy transition. The current management team, which has been jointly responsible since 2009, will remain involved and active.
Marco van Wijngaarden, CEO of Wetac, expressed his enthusiasm about taking the company to the next level, stating: “Wetac is performing and growing well, but as management we see opportunity to boost growth together with a partner. There are ample synergetic acquisition opportunities throughout Europe and we could benefit from support in acquiring and integrating those targets. Furthermore, the current energy transition opens a whole new and large market, a market Wetac is perfectly positioned for. After careful consideration, we selected Nordian as the perfect match to support us in developing these business opportunities proactively and thereby realizing our growth ambitions.”
Gregor Beusmans, Managing Partner at Nordian, adds: “We are very impressed with the leading position Wetac has established in Europe in several attractive end markets. In addition, we are excited about the long-term growth opportunities arising from global electrification. This fits well with our investment strategy and we look forward to enter the new growth phase together with the management team and the rest of the company.”
About Wetac
Wetac (www.wetac.nl) is a value-added distributor of batteries, focusing particularly on the industrial sector. The company serves both the motive segment (including mobility scooters and aerial work platforms) and the energy segment (including backup batteries for telecom and data centers). Wetac advises, imports, configures and distributes batteries and battery systems. Wetac has its headquarters in Ede, the Netherlands, and branches in Germany, the Czech Republic, Greece, Zwitserland and the United Kingdom.