Information on the Target

Portmade, established in 1996, is the leading customs service broker in Belgium and the Netherlands. The firm offers a comprehensive range of services including customs formalities, declarations, consulting, digital customs solutions, and gas measurement and certification. With a dedicated team of over 50 professionals, Portmade has built strong relationships with a wide array of clients, including shipping companies, agencies, terminals, and logistics service providers.

Renowned for its innovation in the digital customs arena, Portmade has invested significantly in the modernization of its operations to enhance service quality and streamline procedures. The firm holds both AEO (Authorised Economic Operator) and ISO 9001:2015 certifications and is actively involved in several industry bodies such as Forward Belgium and the National Customs Forum.

Industry Overview in Belgium and the Netherlands

The customs brokerage industry in Belgium and the Netherlands serves as a crucial component within the logistics sector, primarily due to the countries' strategic geographical locations and extensive port facilities. As major gateways to Europe for international trade, both nations boast a robust infrastructure that supports the movement of goods, making efficient customs brokerage services indispensable.

The growing complexity of international trade regulations underscores the need for specialized customs brokers capable of navigating the ever-changing landscape of customs compliance. Firms operating in this space are tasked with developing digital solutions that not only facilitate compliance but also enhance operational efficiencies for their clientele.

In recent years, there has been a sustained push towards digital transformation within the customs brokerage industry. The focus on e-services, automation, and data analytics is reshaping traditional methods and creating opportunities for businesses that embrace new technologies. This shift is particularly evident in the greater demand for customs brokers to offer integrated digital solutions that simplify the customs process for clients.

Furthermore, as environmental regulations become more stringent, customs brokers specializing in gas measurement and certification are increasingly important. This sector of the market is likely to see growth as more companies seek to meet compliance requirements with respect to carbon emissions and other environmental standards.

The Rationale Behind the Deal

Customs Support's acquisition of Portmade aligns with its strategy to enhance its digital customs services and expand its operational footprint in the Benelux region. This purchase not only strengthens Customs Support's offerings but also leverages Portmade's established local expertise to deliver improved services to a broader client base.

The integration of Portmade’s innovative digital solutions and established relationships in the market is anticipated to create synergies that will significantly benefit both companies. This merger is expected to provide existing customers with enhanced access to a comprehensive suite of customs solutions across Europe.

Information About the Investor

Castik Capital S.à r.l. is a European private equity firm that focuses on long-term investments in private and public companies in Europe. Established in 2014 and based in Luxembourg, Castik aims to create significant value through active partnerships with management teams, emphasizing sustainable growth.

Through its investment fund, EPIC II SLP, Castik Capital identifies and develops various investment opportunities. The firm possesses extensive experience in managing assets across multiple sectors, enabling it to provide strategic guidance to enhance operational efficiencies and drive positive outcomes for their portfolio companies.

View of Dealert

The acquisition of Portmade by Customs Support appears to be a strategically sound investment. By integrating Portmade's capabilities, Customs Support is positioned to further solidify its leadership in the digital customs brokerage market across Europe. The emphasis on digital solutions is particularly pertinent in today's rapidly evolving trade landscape, which increasingly demands efficiency and compliance.

Additionally, Portmade's established client relationships and expertise in customs processes will likely enhance Customs Support's service offerings, making it more competitive in the Benelux region. As businesses continue to seek integrated customs solutions, this merger can foster expanded market share and revenue growth.

Furthermore, the focus on digital transformation aligns perfectly with market trends, indicating that this acquisition might yield long-term benefits as operational efficiencies become paramount. By leveraging Portmade's innovative strengths, Customs Support can potentially enhance client satisfaction and retention.

Overall, this investment not only strengthens Customs Support's position within the industry but also aligns with broader market dynamics favoring digitization and operational excellence in customs services.

View Original Article