SCIENCE PARK EINDHOVEN, 24 December 2021 -- Prodrive Technologies Group B.V. today announced a minority investment by investment company HAL.
HAL will invest alongside Prodrive Technologies' two founders to support the company's ambitions. “We are delighted to welcome HAL as a new investor and strong partner that will support Prodrive Technologies in its further growth and in developing meaningful innovations that address major societal challenges,” said Pieter Janssen, co-founder and CEO of Prodrive Technologies.
“We look forward to accelerate our investment roadmap supported by HAL and our two founders. HAL’s broad experience and long-term orientation will support our upcoming growth waves,” said Karel van Gerven, CFO of Prodrive Technologies.
Prodrive Technologies is active in the research, development and manufacturing of high-tech electronics, software and mechatronic products and systems. The company provides solutions for, amongst others, the semiconductor, medical and electric mobility industries. Sales over the financial year 2020 amounted to € 279 million and the company employs approximately 2,075 FTE.
The completion of the transaction is subject to conditions customary for transactions of this nature, including approval by the relevant competition authorities as well as finalization of the procedures under the Works Council Act.
About Prodrive Technologies
Founded in 1993, Netherlands-based Prodrive Technologies designs and manufactures high-tech electronics, software and mechatronic products and systems. Prodrive Technologies operates six dedicated R&D programs and three highly automated manufacturing sites. The company owns subsidiaries in the Netherlands, U.S., China, Israel, Germany and Japan.
HAL is the Dutch investment subsidiary of HAL Holding N.V., an international investment company that is listed on the Amsterdam Stock Exchange via HAL Trust. HAL holds significant positions in a number of companies that are listed on major European stock exchanges, as well as majority stakes and significant minority positions in non-listed companies active in a wide range of industries.