8.4 Sustainable Cities

With its Sustainable Cities platform, Gimv focuses on sustainable urban areas, through partnerships with companies working in energy, mobility and communications applications for the cities of the future.

Top

Over the past year, the team partnered with 3 new growth companies: Gimv took a majority stake in Brakel (Netherlands, natural climate control and fire safety specialist, www.brakel.com), a majority interest in the newly merged Itho Daalderop and Klimaatgarant group (total HVAC solutions for the new building and residential renovation market in the Netherlands www.ithodaalderop.nl – see below) and a minority shareholding in Contraload (Belgium, logistics service provider, including pooling of plastic transport containers www.contraload.com).

Also last year, Gimv completed the sale of its interest in listed company McPhy (Innovative French company, active in hydrogen storage for renewable energy, mobility and industrial applications www.mcphy.com).

In the existing portfolio, there was also this year a follow-on investment in Itineris, a Belgian company providing innovative software solutions and services for the utilities industry (www.itineris.be). Here Gimv and Gimv-managed Arkiv Tech Fund II together invested EUR 7.5 million in a EUR 10 million financing round. This funding will facilitate product innovation, capacity expansion and accelerated expansion into the American market.

Top

Overview Sustainable Cities portfolio

At end-March 2016, the Sustainable Cities team managed 13 companies representing an amount of EUR 150 million.

CompanyActivityCountry
ARS T&TTIntegrated solutions for Intelligent Transport Systems (ITS)the Netherlands
BioroBiodieselBelgium
BMC GroepProfessional services for the public sectorthe Netherlands
BrakelHigh-end solutions for glass daylight constructions, ventilation & fire safety systemsthe Netherlands
ContraloadPlastic pallet poolingBelgium
EcoChemEco-friendly flame retardant additivesBelgium
HanseaTransport & logistic servicesBelgium
Itho Daalderop / KlimaatgarantProvider of complete HVAC solutions in the residential renovation and new build marketsthe Netherlands
ItinerisSoftware solution companyBelgium
LampirisIndependent supplier of green electricity and gasBelgium
Well Services GroupService provider to oil and gas industrythe Netherlands
CompanyActivityCountry
ARS T&TTIntegrated solutions for Intelligent Transport Systems (ITS)the Netherlands
BioroBiodieselBelgium
BMC GroepProfessional services for the public sectorthe Netherlands
BrakelHigh-end solutions for glass daylight constructions, ventilation & fire safety systemsthe Netherlands
ContraloadPlastic pallet poolingBelgium
EcoChemEco-friendly flame retardant additivesBelgium
HanseaTransport & logistic servicesBelgium
Itho Daalderop / KlimaatgarantProvider of complete HVAC solutions in the residential renovation and new build marketsthe Netherlands
ItinerisSoftware solution companyBelgium
LampirisIndependent supplier of green electricity and gasBelgium
Well Services GroupService provider to oil and gas industrythe Netherlands

Top

Itho Daalderop and Klimaatgarant - total HVAC solutions for the residential new construction and renovation market - Netherlands - Gimv took a majority stake in 2016

Itho Daalderop

"Together with Gimv, the merged Itho Daalderop and Klimaatgarant has everything needed for building energy-efficient housing in the Benelux."

Profile
The newly merged group has a unique combination in the housing market: Itho Daalderop develops Heating, Ventilation & Air Conditioning (HVAC) products for the residential market and Klimaatgarant develops energy-neutral new housing projects.

Investment context
Growing climate awareness and stricter energy performance standards call for increasing attention to energy-efficient (re) building. The merged group responds by:

  • providing total energy efficiency solutions;
  • playing a tone-setting role in the Benelux residential HVAC market;
  • offering long-term energy performance guarantees in addition to products.

Growth strategy
Combining two market leaders into a single strong entity is the group's short term aim; in the medium term it is working on increasing brand awareness, fine-tuning products in a growing market and improving the pricing structure of its main products. Longer term, the Group is looking to expand outside the Netherlands.

www.ithodaalderop.nl

Top