Netherlands shaft seal specialist Lagersmit Sealing Solutions B.V. has become fully owned by Anders Invest Co-Invest Fund 1, a fund which bundles the investment power of Anders Invest, De Hoge Dennen and 11 other coinvestors.

On 12 December 2016 the investors, Rabobank Participaties and director and majority shareholder Willem Steenge reached definitive agreement on selling the shares. Willem Steenge will continue to represent the company as CEO.

Selling the shares is another step forward in Lagersmit’s long-term vision. Over recent years Lagersmit has specialised increasingly in manufacturing and servicing seals for the rotating shafts of pumps, ships and tidal turbines. The highly-automated production facility and associated office premises were opened in 2010. With the independence from the former parent company Royal IHC, Lagersmit acquired the unique position of becoming an independent sealing OEM. The expansion of the global network and product portfolio also expanded Lagersmit’s client base.

The investment by Anders Invest makes further knowledge and expertise available to maintain the growth which has been achieved, and to realise it further.

By Jake Frith