Press Release on April 3th 2020

Narviflex enters into partnership with Dovesco to support the growth of the business

Founded in 1994 by Dirk Berden and Geert Helsen, the Narviflex Group (the “Company”) is active in the production, customization, installation and maintenance of conveyor belts. Additionally the Company is active in the distribution of plastics and production of industrial plastic parts under commercial name “Narviplastx”.   

Narviflex offers  a 24 /7 service and provides critical maintenance for its clients, even during the current Corona crisis. Narviflex has the broadest range of products and the largest team of technicians in the field in the Benelux market.  Thanks to a culture of unmatched service, responsiveness and availability for the clients, the Narviflex Group established itself as the incumbent player in Belgium and a strong grower in the Netherlands.

The Company’s main production site in Geel is supplemented with service facilities in Ghent, Liege, Brussels, Drachten (NL) and Venlo (NL) that enable quick intervention.  The company has consolidated sales of over EUR 30 million and employs 127 FTE.  

With the entry of Dovesco, Narviflex brings a strong financial and strategic partner on board. This will allow Narviflex to maintain the strong growth pace of its activities.  

Both parties reached an agreement several months ago but the transaction was only announced on April 3th.

 

Dirk Berden & Geert Helsen, Narviflex: 

“The entry of Dovesco into our capital is another milestone in the growth and development of Narviflex.  Our Company has undergone a significant growth and development since inception through a combination of organic and external growth, considering our market remains attractive, we expect to continue and accelerate our current trajectory whilst maintaining our culture and identify.”

In this transaction, Dovesco was advised by EY, NautaDutilh and Roland Berger. Van Havermaet was the advisor to Narviflex.