Private Plus Fund, Heicop and Management Take Over Lightweight Structures BV

21 January 2008

The investment funds Private Plus Fund and Heicop, together with the management team, has acquired all shares in Lightweight Structures B.V. from TNO Bedrijven B.V..

Lightweight Structures specialises in developing, engineering and producing composite structures. It concentrates on markets where weight-savings is an important criterion in addition to durability, safety and performance. The company has years of experience. Lightweight Structures, then still called Centrum voor Lichtgewicht Constructies, saw the light of day in 1996. This cooperative association between TNO and Delft University of Technology became independent as a company with TNO Bedrijven as its sole shareholder in 2005.

Aldert Verheus, Lightweight Structures CEO, says: “With the accession of Private Plus Fund and Heicop we can be sure of two well-endowed parties who will support our growth strategy. We want to pursue our strategy through acquisitions, amongst other things, in order thereby to make optimum use of opportunities we see in the worldwide market for composite structures. We particularly have expansion of engineering into production in mind here"".

Patrick Polak, Managing Partner of Private Plus Fund, says: “Lightweight structures based on composites are for many operators a solution to improving performance, cost-saving and reducing emissions. We feel that these three aspects can only increase in importance together with the trend in prices for fossil fuels and the increasing importance of socially responsible trading. We therefore see every opportunity for value creation"".