Controlling stake in De Boer goes to SHV

De Boer has a new owner after the Dutch finance company NPM, which is part of Holland's trade company SHV, bought out venture capitalist 3i Group's majority shareholding in the supplier.

SHV reported an annual turnover of EUR13.7bn (£9.3bn) in 2004, and has interests in the oil and gas, retail markets, recycling and financial investment. De Boer Group chief executive Koos Tesselaar expressed his delight with the agreement when it was announced to shareholders on 19 August.

3i Group acquired its majority share in De Boer in late 2000 with the intention to develop the business through acquisition (Event, January 2001). The new owner has expressed a similar strategy and stated that the day-to-day running of De Boer will not be affected by its takeover.

De Boer Structures (UK) managing director Peter Spruce said: "NPM is part of a hugely successful group and their decision to invest in De Boer is marvellous news which will provide support to further develop business opportunities both here in the UK and overseas."

Asked about the performance of De Boer over the past year, Spruce added: "In terms of the UK, we've had both a very good commercial and operational performance.

"Chelsea is an example of a better operational performance for our client.

At the Chelsea Flower Show, we used a self-lifting system for the main exhibition halls.

"We're also extremely pleased with our emergency response service in providing temporary mortuaries after the tsunami last year, the extension to the Hammersmith and Fulham mortuary after the London bombings, and recently Hurricane Katrina."

The Hurricane Katrina response team from the Brackley, Northamptonshire office was headed up by De Boer site supervisor Mark Slack. De Boer provided temporary housing for 1,500 people along with a temporary morgue.

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