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Gas Division Sale

Kamstrup Sells its Gas Division

Kamstrup has entered into an agreement to sell its Gas Division to QAT III Investments Coöperatief UA (QAT), a renowned investment company investing in medium-sized companies in the business to business market.

Focus on metering

The Gas Division supplies industrial products for the distribution of natural gas and is managed entirely by the Dutch Kamstrup b.v. in Doesburg, a subsidiary of Kamstrup A/S. Employing 23 people it generated sales of EUR 6 million in 2013. The sale includes all assets related to the Gas Division. The Gas Division develops, produces and sells volume converters, inspection systems and gas pressure regulators, which have been sold and marketed under the Kamstrup name for more than two decades.
“While prosperous and with international growth potential, the Gas Division has only few synergies with other activities of the Kamstrup Group”, says CFO Henrik Rom. “Becoming an independent company with more focus on gas products enables the Gas Division to release its full potential; we are working closely with QAT to ensure a smooth transition for our employees, customers and suppliers.”
Exiting the business of industrial gas products supports the Kamstrup strategy to focus on domestic and commercial metering as its core business.
QAT is a prominent investment company, investing in proven sound companies with growth potential. With QAT as new owner, the Gas Division will be able to deliver added value to existing and new customers.

“We are pleased to sell our Gas Division to an investment company with a bright strategy and strong focus on growth. With QAT as new owner, the Gas Division will take an important next step to increase the success of its products.”

Hans Kuiper, Managing Director of Kamstrup b.v.

The Gas Division continues to operate under the same legal entity, but now as an independent company and under the name Wigersma & Sikkema B.V. This is the name under which the company was founded in 1921. Wigersma & Sikkema B.V. will be managed by Piotr Skotnicki.
The transition is expected to be completed in the third quarter of 2014. The remaining business of Kamstrup in the Netherlands will be continued under the name Kamstrup B.V. as part of the Kamstrup Group and as a new legal entity.
About QAT III Investments Coöperatief UA

Founded in 2011 QAT III Investments Coöperatief UA represents entrepreneurs investing in entrepreneurs. QAT’s partners are experienced directors and entrepreneurs that all together have founded and developed over 50 companies. The QAT Group is more than just the management team. Many business partners have drawn inspiration from the collaborative entrepreneurship and the constructive approach to company development over the years. QAT can therefore rely upon an unequalled, motivated network of professionals in all relevant business areas. Their no-nonsense business approach has demonstrated its relevance in the past and will continue to do so in the future. 

www.qatinvestments.com

About Wigersma & Sikkema:

Wigersma & Sikkema develops, produces and sells volume converters, gas pressure regulators and inspection systems for the natural gas market. The company was founded in 1921 and operates as an independent business on the international natural gas market after the split off from Kamstrup. 

www.wigersma-sikkema.com

Contact for further information

Per Asmussen, Chief Executive Officer, Kamstrup, +45 8993 1000
Hans Kuiper, Gas Division Director, Kamstrup, +31 313 471 998
Piotr Skotnicki, Managing Director, Wigersma & Sikkema, +31 313 471 998
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