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Plow firmly in the shoes with investor
The Dutch investment company NPM Capital takes a 40% interest in harvesting machine specialist Ploeger Oxbo Group. The existing investors jointly sell part of their interest. Ploeger wants to use the money to grow and make new acquisitions.
The company does not know how much money NPM Capital will deposit for 40% of the shares announced. In 2017, the Ploeger Obxo Group achieved a turnover of almost €200 million and a profit of €10,1 million; 1 year earlier that was €6,9 million profit.
8,3
procent
NPM Capital, which is owned by the Fentener van Vlissingen family, is not strange with the sectors in which Ploeger Oxbo is active. It also has interests in parts supplier Kramp and cannery processor HAK.
Growth and acquisitions
The machine manufacturer says it has attracted a strong financial partner, which can achieve growth (also for the long term) and that partner can also help with new acquisitions. In recent years, the Dutch company Ploeger from Roosendaal has grown into the world's largest niche specialist when it comes to harvesting machines. It has factories all over the world, through acquisitions of small harvester manufacturers. In 2011, it merged with Oxbo of the United States.
In addition to harvesting machines, the company started in 2017 with the production of machines for manure application. It thus builds on the gap that fell after Agco dropped Challenger's European branch. In the Netherlands, Ploeger is known for their self-propelled potato harvesters. Yet it says it has no ambitions to become a potato full-liner.
Niels van der Boom
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