Euresys management team leads buyout of the business
Euresys CEO Marc Damhaut and a team of three other executives have led a management buyout of the Euresys business.
Damhaut, along with Claude Latin, (Chief Operation Officer), Jean-Michel Wintgens (Vice President Engineering), and Jean-Bernard De Bal (Vice President Business Development), finalized the acquisition on July 31, 2015. A new holding company controlled by this management team will own the company’s headquarters in Liège, Belgium, as well offices in Singapore and the United States.
Since 2012 when Damhaut joined the team, Euresys has had a steady period of growth. This new transaction is expected to provide the company with an appropriate funding structure to facilitate the change of ownership and will help to support the management team’s future growth strategy.
"We have some ambitious growth plans in place and we expect to continue with our current business strategy, with further organic growth anticipated. The business plan that has been created for the MBO has identified a number of potential opportunities to explore in the near future," said Marc Damhaut, CEO.
He added, "We are delighted to have reached an agreement with the previous shareholders and the founders of Euresys. We would also like to take this opportunity to thank our employees, clients, distributors, partners, subcontractors and suppliers for their loyalty over the past 25 years."
Pictured: Jean-Michel Wintgens, Marc Damhaut, Claude Latin, Jean-Bernard De Bal
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