mutares acquires GeesinkNorba Group

mutares AG, Munich, has acquired the Geesink Group with all its European subsidiaries, a leading European provider of efficient waste management solutions on February 3, 2012. As Europe’s largest supplier for innovative solutions of refuse collection, especially refuse collection vehicles, GeesinkNorba generated a turnover exceeding EUR 100 million in 2011 and employs about 490 people, 260 of them in the Netherlands with headquarters in Emmeloord.

GeesinkNorba develops, manufactures and sells advanced refuse collection vehicle bodies, bin-lifting equipment and compactors. The company is represented in many European countries and operates several assembly plants. Robin Laik, founder of mutares AG and member of its executive board, comments on the future development of the company: ”Based on its well established market presence and its broad offering of innovative solutions for waste collection and processing, GeesinkNorba is excellently positioned to quickly exploit new areas of growth. mutares is excited about the successful closing of the contract with Platinum Equity.”