VDL in talks to acquire Neways

VDL Groep has announced it’s in talks to make a public offer on all issued and outstanding shares of Neways. The talks are based on a proposed 12.50 euros per share. ZBG Capital has already signed an irrevocable commitment to tender its stake of 28.14 percent. Through VDL Beleggingen, the Eindhoven-based industrial conglomerate itself currently holds 27.63 percent of the shares.

VDL has been a committed shareholder since 1995. Neways management has initiated the talks in response to the rapidly changing market conditions. At the same time, VDL sees an opportunity for further strategic collaboration to jointly obtain a stronger position and thus secure a healthy future for the Son-based EMS specialist and its stakeholders.

The two companies are active in many of the same industries. VDL is convinced that the joining of forces offers added value for mutual customers in the field of high-tech electronics and mechatronics. The combination will give Neways the means to continue investing in the development of its proposition.