OxGreenfield has acquired a majority stake in Brel Nederland BV, a leading provider of automated shading solutions, aiming to capitalize on innovative products and growing market demand for energy-efficient technologies.

Target Company Overview

OxGreenfield, a Dutch investment firm, has acquired the majority of shares in Brel Nederland BV (Brel), a company specializing in the production of motors and controls for automated shading systems. These shading solutions play a crucial role in reducing energy consumption in modern buildings, making them an essential component of sustainable real estate development. Brel’s strong market position and innovative product offerings have prompted OxGreenfield to proceed with this investment, marking it as their fourth commitment from their second fund.

Located in Doetinchem, Brel currently focuses on sales within the Benelux region. However, OxGreenfield sees significant potential for expanding these products to international shading system manufacturers. Notably, Brel has collaborated with Vodafone to create a groundbreaking product named “Brel Smart Building.” This innovation integrates shading motor drives with solar panels, significantly streamlining installation by eliminating the need for wiring. Equipped with a SIM card, this system enables building managers and users to control, monitor, and service the shading solutions via a central online platform. Following a successful launch at a leading shading technology expo, there has been noteworthy interest from major clients. With revenue approaching €20 million, Brel is poised as a challenger to major competitors, distinguished by its innovative product lines. Current shareholders Reinoud Arts and Erik Budding will retain substantial equity and continue to guide Brel's growth alongside OxGreenfield.

Industry Overview in the Netherlands

The automated shading solutions market is experiencing significant growth, propelled by the trend towards home automation and mandated energy-saving regulations for commercial properties. New legislation requires building managers to reduce the carbon footprint of their facilities, with shading systems m