Investing strategically also implies that at certain moments divestments are a logical next step. In our brief history, Saffelberg Investments has successfully exited from a number of our portfolio companies. In the first half of 2010, both Porthus and Routing International were sold to Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), a federated global logistics network. In May 2011, Saffelberg divested its stake in Altachem to German market leader LINDAL Group.
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Saffelberg Investments sells stake in Altachem
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May 2011 - Saffelberg Investments sells its 40% equity stake in Altachem NV to German market leader LINDAL Group.
Saffelberg entered the capital of Altachem (http://www.altachem.com/pages/news_press.html) in 2008, and successfully managed to advance and professionalize the company, appointing Koen Claerbout as new CEO thus laying the foundations for long-term sustainable growth. In May 2011, Saffelberg has reached an agreement, together with the other shareholders, to divest its stake to German market leader Lindal Group (http://www.lindalgroup.com/) - thus contributing to a further consolidation of the aerosol valves industry worldwide.
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Descartes Acquires Routing International
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Adds Leading European Optimized Route Planning Solution to Mobile Resource Management (MRM) 2.0 Solution Suite WATERLOO, Ontario, June 16, 2010 (GLOBE NEWSWIRE) -- Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), a federated global logistics network, acquired privately-held Belgian-based Routing International nv, a leading developer and distributor of optimized route planning solutions. Routing International's solutions join Descartes' MRM 2.0 solution suite, which combine optimized real-time planning with wireless mobile technology to manage resources in motion. |
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Descartes Completes Acquisition of Porthus
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WATERLOO, Ontario, April 16, 2010 (GLOBE NEWSWIRE) -- The Descartes Systems Group Inc. (Nasdaq:DSGX) (TSX:DSG), a federated global logistics network, announced that its wholly-owned subsidiary Dexxcartes bvba ("Dexxcartes") has completed the acquisition of Zemblaz NV (NYSE Alternext Brussels: ALPTH) (formerly denominated Porthus NV, "Porthus"). |
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