In March 2023, SHV announced the intention to potentially divest ERIKS. This decision was the result of the regular strategy update process in which SHV, amongst others, reviews the composition of SHV overall; and, in this process, SHV concluded that supporting all eight Groups simultaneously in realising their full potential and ambitions is not the best way forward.
We are pleased to announce that we have reached an agreement with an affiliate of Lone Star to acquire ERIKS. Lone Star is a leading private equity firm advising over 20 funds that invest globally in real estate, equity, credit and other assets.
SHV believes that, under this new ownership, ERIKS will be better positioned to realise its strategic ambitions and opportunities for further growth.
The transaction, which is conditional on works council consultation and regulatory approvals, is expected to be finalised in the first half of 2024.
ERIKS has been part of SHV since 2009, and, throughout the years, a much appreciated part of our family of companies. We wish ERIKS all the best for the future.
Until the closing of the transaction, SHV will remain the owner of ERIKS and business will continue as usual.
