MarFlex is acquired by Japanese pump manufacturer Taiko Kikai
5 March 2018
On 15 February 2018, Taiko Holdings Co. Ltd. acquired the 75% equity stake of Global Pump Investment B.V. in MarFlex Holding B.V., as a result of which Taiko Holdings has become the 100% shareholder of MarFlex Holding. As a result of this acquisition, Taiko Holdings has also become the 100% shareholder of Snijders B.V., which has been a part of MarFlex Holding since 1 January 2016.
Taiko has been a 25% shareholder in MarFlex since 1998 and so the two companies are therefore very familiar with each other.
This takeover creates a specialist global player in the field of pumps, drive, control and tank measurement. The most important market where both Taiko and MarFlex are active is the maritime market. Taiko is one of the larger pump manufacturers in Japan and a well-known player in the Far East. Over the last 37 years, MarFlex has built up a worldwide name and brand reputation in the field of electrically driven Deepwell pumps while Snijders designs and produces automation solutions for the maritime, offshore and dredging sectors. In addition, Snijders is a specialist in the area of industrial automation, with a special focus on the internal logistics sector and the food processing and agricultural industries.
This acquisition creates a new combination with branches in Tokyo, Osaka, Hong Kong, Guangzhou, Pusan, Singapore, Moscow and Oud-Beijerland, as well as a worldwide network of agents, according to Paul van Beveren, former director and major shareholder and current CEO of MarFlex. The new combination will employ some 1,200 fte’s. The merger of MarFlex and Taiko ensures a synergetic increase in scale that allows for an even better response to the future demands of ship owners and shipyards.
Paul van Beveren went on to state that the strategy that has already been set out for the coming years will focus on product expansion, data and analysis, Life Cycle management and reducing the CAPEX and OPEX.
“We are looking forward to this new period of cooperation within the Taiko group and are convinced that this acquisition will bring a highly motivated player to the market with a highly innovative and distinctive character,” said Paul van Beveren.
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Corporate Communications Department - MarFlex