Costo Intralogistics & Xtend Business Software reinforce their position in the market
Directors and majority shareholders of Costo Intralogistics & Xtend Business Software sell controlling interest to OxGreenfield to ensure the companies’ continued growth and development.
Gorinchem, 15 February 2021 – Costo Intralogistics and Xtend Business Software, the leading specialists in intralogistics automation, join forces with investment firm OxGreenfield.
Constantly adapting to increasing demand for automation
Systems integrator Costo Intralogistics recently expanded operations with a new facility in Portugal for the design and assembly of automatic storage systems. “We aim to maintain our growth and reinforce our position”, says Alarik Lens van Rijn, Director and majority shareholder of Costo Intralogistics. “The merger with OxGreenfield will allow us to realise a safe next phase of stable growth and long term continuity. It will enable Costo Intralogistics & Xtend Business Software to continue developing and adapting to the increasing demand for warehouse automation.”
About Costo Intralogistics & Xtend Business Software
Costo Intralogistics has been automating intralogistics processes for e-commerce, production & industry, retail and logistical services for almost 30 years. At its locations in Gorinchem and Porto, Portugal, the main focus lies on hardware solutions.
The conveyors are produced in Gorinchem and integrated with other solutions, and the automatic storage systems are developed in our new location in Portugal.
Xtend Business Software is the premiere software specialist for specialist WMS and WCS solutions.
These companies’ strength lies in their in-house expertise for fully automating the entire logistical process. This allows them to offer flexible, custom-tailored quality.
The team has the extensive knowledge and experience required to help every warehouse take the next step.
OxGreenfield focuses on investing in technically competent small- and medium-sized enterprises, and is a highly engaged shareholder. The team invests experience, expertise and dedication, in order to create space for entrepreneurs’ ambitions for growth. As a private equity investor, they give meaning to value creation with authentic, personal commitment. OxGreenfield supports and motivates both management and personnel: the people who built the company and want to take it further. Important investment criteria include a strong market position, a unique proposition, and opportunities for growth and/or succession for the owner/shareholder.
About the transaction
Alarik Lens van Rijn and Leon Schuurbiers, Directors and majority shareholders of Costo Intralogistics and Xtend Business Software, tell about the merger with OxGreenfield: “After adding a new location in Portugal in 2020, we wanted to take the next step to reinforce our position in the market. The partnership with OxGreenfield will make that possible. By investing in the organisation and processes, we’ll be able to achieve stable growth. That will definitely strengthen our position as a system integrator and software supplier for complex warehouse and fulfilment solutions”, says Lens van Rijn.
Ever facet of this investment is also ideal for OxGreenfield. OxGreenfield’s Harm Langen: “E-commerce is a strong growth market. This growth, combined with a scarcity of qualified personnel, will result in the increasing automation of logistical processes in warehouses.
Costo Intralogistics & Xtend Business Software have a strong position as suppliers of integrated solutions. They have many satisfied customers who appreciate the organisation’s quality and flexibility. They also have a strong team and driven management that has proven its ability to realise strong growth in this market.
To continue that growth, they need to make an additional investment in the organisation, systems and processes. That’s where OxGreenfield will make its contribution as an engaged investor.”
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