Joost Smaal
OXEYE MONTHIS
JOZ
Deal Type
Company sale
Sector
Industrials
Completion Date
8th March 2019
Deal Value
Not disclosed
Company Background
JOZ, home of the clean stable, develops and supplies high-quality and innovative manure robots, manure scrapers and feed pusher robots, mainly for dairy farmers. Its products are sold globally through an extensive dealer network and by partners DeLaval and GEA under their own brand name.
Deal Summary
OXEYE Advisors acted as exclusive financial advisor to the shareholders of JOZ in the sale of a majority stake to Rabo Participaties.
The digitisation and automation of livestock stables is a global growth market. JOZ responds to this trend by supplying high-quality and innovative manure robots, manure scrapers and feed pusher robots, mainly for dairy farmers. The robots replace scarce labour and create significant cost benefits, enabling farms to scale up more quickly. The current market penetration of JOZ products offers scope for international growth and the ambition is to accelerate this growth by tapping into new markets and launching new and innovative products. Rabo Participaties will join as majority shareholder to help us achieve this.
JOZ, established in Westwoud (NL), is a family-run business with over 70 years of experience in stable automation. In 2018, JOZ realised a turnover of EUR 18 million, with 74 employees.
Value Added
OXEYE Advisors assisted the shareholders of JOZ in a competitive sale process, resulting in a successful sale to a committed shareholder with an attractive global network to support future growth of the company.
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