Costo Intralogistics & Xtend Business Software strengthen their position in the market

DGA’s of Costo Intralogistics & Xtend Business Software sell the majority of the shares to OxGreenfield for further growth and development of the companies.

Gorinchem, February 15, 2021 – Costo Intralogistics and Xtend Business Software, the specialists in the automation of intralogistics, are continuing with investment company OxGreenfield.
 

Continue to respond to the increasing demand for automation

Recently, system integrator Costo Intralogistics expanded with a location in Portugal for the design and assembly of automatic storage systems. “We want to maintain the growth and strengthen our position”, says Alarik Lens van Rijn, DGA of Costo Intralogistics. “With the arrival of OxGreenfield, we also secure the next growth phase of the companies and we can guarantee long-term continuity. In this way, Costo Intralogistics & Xtend Business Software can continue to develop and respond to the increasing demand for the automation of warehouses.”

About Costo Intralogistics & Xtend Business Software

Costo Intralogistics has been automating intralogistics processes for e-commerce, production & industry, retail and logistics services for almost 30 years. From the offices in Gorinchem and Porto (Portugal) the focus is on hardware solutions.

The conveyors are produced in Gorinchem and integrated with other solutions. The automatic storage systems are being developed at our new location in Portugal.

Xtend Business Software is the software specialist with specific WMS and WCS solutions.

The strength of these companies lies in the available know-how expertise they have in house to automate the entire logistics process. This makes them flexible and able to offer customized quality.

The team full of knowledge and experience ensures that every warehouse can take the next step.

About OxGreenfield

OxGreenfield focuses on investing in technically competent SMEs and is closely involved as a shareholder. The team invests experience, expertise and dedication to create space for entrepreneurs’ growth ambitions. As private equity, they give meaning to value-creation with sincere, personal involvement. OxGreenfield supports and motivates management and staff: the people who built the company and want to take it further. A strong market position, distinctive character, opportunity for growth and/or DGA succession are important investment criteria.

About the transaction

Alarik Lens van Rijn and Leon Schuurbiers, DGAs of Costo Intralogistics and Xtend Business Software, talk about the merger with OxGreenfield: “After the expansion at the end of 2020 with a new location in Portugal, we wanted to take the next step to strengthen our position in the market . The collaboration with OxGreenfield now makes this possible. By investing in the organization and processes, we can now achieve stable growth. This certainly strengthens our position as a system integrator and software supplier of complex warehouse and fulfillment solutions,” says Lens van Rijn.

This investment is appropriate in all respects for OxGreenfield. Harm Langen of OxGreenfield: “E-commerce is a strong growth market. This growth, combined with the scarcity of qualified personnel, is leading to an increase in the automation of logistics processes in warehouses.

Costo Intralogistics & Xtend Business Software have a strong position as a supplier of integrated solutions. They have a satisfied clientele who appreciate the quality and flexibility of the organization. In addition, they have a well-equipped team and a passionate management that has proven to be able to achieve significant growth in this market.

To enable further growth, an investment is needed in the organisation, systems and processes. As a committed investor, OxGreenfield will certainly make a contribution to this.”

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