Munich — Gimv has the ambition to build a group of installation companies and cooperates with Lenaerts/LVR and ABN Climatization. Together, they are seeking further acquisitions to create a leading company specializing in integrated B2B multi-technology projects.
Lenaerts/LVR and ABN Climatization form the foundation of the new group. Lenaerts/LVR (Houthalen-Helchteren — www.lenaertsnv.be, €16 million turnover, 45 employees) was founded in 1981 and has become an established player in the world of industrial installation, with a focus on electrical engineering. ABN Climatization (Munsterbilzen — www.abn.be, €11 million turnover, 47 employees) was founded in 1996 and specializes in retail, office and industrial HVAC.
To realize the energy transition, there is a growing need to make buildings more energy efficient, electrify heating and mobility, and implement new technologies and business models. In this context, there is room for a large installation company that offers cross-technology solutions. Bringing together different businesses will enable accelerated investment in digitization, automation and talent management to better serve customers. The current owners of Lenaerts/LVR and ABN Climatization will reinvest in the new group and remain engaged in their respective businesses. They will actively support the further expansion of the installation company. The group is led by Geert Fostier, who has previous buy-and-build experience in the sector.
Ilse Lenaerts, Managing Director of Lenaerts & LVR, says: “We want to prepare our company for the fast-changing future that lies ahead. Creating synergies within this new group will provide tremendous opportunities for us and for future members of the group. This will also allow us to focus more on the resilience and well-being of the driving force in our business, our people.”
Rosaline Wijnen & Jo Nelissen, founders of ABN Climatization, state, “We strongly believe that ABN Climatization is guaranteed sustainable growth with this innovative integrated model that goes beyond HVAC alone. Gimv offers ABN Climatization the opportunity to be at the forefront of the energy transition and develop our innovative products in a broader context.”
Geert Fostier, CEO of the new group, added: “In the context of the energy transition and increasing technological complexity, customers are looking for industrial partners who can offer an integrated concept around electrical engineering and HVAC and take the burden off them completely. We are pleased that with Lenaerts and ABN Climatization we have laid a promising foundation for a new group that will enable us to successfully meet tomorrow’s social and technological trends.”
Ruben Monballieu (photo © Gimv), Sustainable Cities Partner at Gimv, summarizes: “We are convinced that we need strong multi-technology installers to realize the energy transition. Lenaerts and ABN Climatization form a strong base for consolidation in the fragmented sector of technical installation companies. We have the ambition to further expand this new group through additional acquisitions. We look forward to realizing this vision together with the management. In addition, at Gimv Sustainable Cities, we can draw on our experience in Germany, where we are building an “e‑group.”
This new group will be part of Gimv’s Sustainable Cities platform, which focuses on B2B services and sustainability in various sectors. Climate change and urbanization are important drivers of business growth in these sectors.