19 June 2019
Indutrade acquires QbiQ Group
We are happy to announce that on 26th April last Indutrade has signed an agreement to acquire all of the shares in QbiQ Group B.V. The company now owns both QbiQ B.V. as well as Plooijer Zaandam B.V.
Indutrade markets and sells components, systems and services with a high-tech content in selected niches. The company’s trust in QbiQ is based on the positive development of QbiQ and their strategic plans for further expansion in the coming years. The acquisition is expected to have a marginally positive effect on Indutrade’s earnings per share.
QbiQ Group designs, develops and manufactures movable fire proof, sound reduction and normal partition walls solutions, with Cradle to Cradle certified products such as architectural glass fronts. The market includes both new buildings and renovation, and the company works in close cooperation with a network of architectures. The end customers are installers and construction companies. QbiQ Group has about 80 employees and net sales of approximately EUR 30 million.