01 May 2006

Sale of Fluidap marks finalization of Fluitronics project

Nimbus has sold the shares of the Fluitronics companies in Belgium and France to a French private investor. The companies operate under the name of Fluidap in the stationary hydraulics markets in Belgium and France. With more than 9 locations and 150 employees in Belgium and France they service many industrial sectors such as the automotive, defence and energy industries.

Sale of Fluidap marks finalization of Fluitronics project

The sale of Fluidap marks the end of the Fluitronics project for Nimbus. The group of companies operating under the Berendsen PMC name was acquired in 2000 from Sophus Berendsen, listed on the Copenhagen Stock Exchange. The group was renamed to the Fluitronics group and very much focus was put on getting operational results back on track in each and every operating company.

Due to the strongly different markets these companies were servicing Nimbus eventually decided to divest these activities separately.

Steinebronn (Southern Germany) was sold to Eriks. The Fluitronics mobile hydraulics business based in Dusseldorf was acquired through a management buy-in by an industry insider. Primary Fluid Power in the United Kingdom was bought out by its management. Friesland Bank Participaties took over Doedijns in the Netherlands.

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