Acquisition with global growth perspective
CTS in the Netherlands is a leading supplier of roofing systems for the petrochemical industry focusing on aluminum domes, floating roofs, tank seals, tank drain systems and industrial supplies such as hose systems, couplers and emergency release systems.
The oil storage market, which is of course the main focus group of CTS, has seen a rapid growth lately. In the years to come the volume in Europe is expected to stabilize but Asia and South America show a fast development of the market. CTS is currently market leader in Europe and Indonesia and has a number two position in South America.
CTS is well positioned to take advantage of the surge in the market and the aim of Nimbus is to assist the company in its efforts to grow substantially by developing expanding sales networks in Singapore, Panama, Eastern Europe and the Middle East. Other opportunities lay in the addition of complementary products to the existing portfolio. All in all, an exciting perspective!