Lexence assisted Standard Investment with the acquisition of the “Automated Packaging Solutions” business of Quadient
August 18, 2021 – Lexence assisted Standard Investment with the acquisition of the “Automated Packaging Solutions” business of Quadient. The activities of Sparck Technologies include the development, production and sale of automated packaging machines for major international e-commerce companies, such as Bol.com CDiscount and Blokker. With the machines, boxes for shipments to customers are made exactly to size. Sparck Technologies already developed innovative packaging machines for web shops in 2014, which use much less cardboard and plastic filling material, contain less air and significantly reduce transport costs. More than 200 people work at the headquarters in Drachten, the production location and the office in the United States.
Sparck Technologies currently has a turnover of approximately €40 million. In the coming months, Standard Investment wants to transform the company into an independently operating technology company, with large and well-known companies as customers worldwide. Standard Investment mainly sees great growth opportunities in the American market, because they believe Sparck Technologies has a technological lead.
Corporate / M&A