• Thu. Jun 20th, 2024

Capital boost for SMG

Belgian investment company Gimv has taken a majority stake in SMG Sportplatzmaschinenbau. The move should help SMG to realise its ambitions for further international growth and further development of its portfolio.

The German manufacturer of maintenance equipment for both turf and synthetic turf sports pitches is particularly keen on expanding its footprint in the US.

Daniel and Tobias Owegeser, co-owners of SMG, declare: “We have already grown significantly in recent decades and have laid the foundations for the successful expansion of our business, particularly in the USA. Together with our father Johann and our brother Markus, we have decided that we want to team up with a strong partner to further boost our growth story in the years to come. Jointly with Gimv, we now want to take the next steps towards internationalisation and make targeted use of the many opportunities abroad.”

Gimv is a Belgium-based investment company seeking partnerships with ambitious entrepreneurs and management teams focused on sustainable growth and value creation.

“With SMG, we are delighted to welcome an exceptional and impressive new technical and industrial addition to our Smart Industries platform. We are deeply convinced about the product as well as the owners and management team and look forward to supporting SMG on its global growth path,” Ronald Bartel, Partner Smart Industries, affirms.

Guy Oldenkotte

Guy Oldenkotte is senior editor of sportsfields.info and has been covering the outdoor sportssurfaces market and industry since 2003

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