Euresys executives lead management buyout
Four executives have led a management buyout of video acquisition company Euresys. Marc Damhaut, chief executive officer, Claude Latin, chief operation officer, Jean-Michel Wintgens, vice president of engineering, and Jean-Bernard De Bal, vice president of business development, took over the business via a holding company. The acquisition was finalised on 31 July.
The acquisition includes the company’s headquarters in Liège, Belgium, as well as the offices in Singapore and San Juan Capistrano, CA, USA.
The business has grown since 2012 and the arrival of Marc Damhaut as CEO. This transaction has provided the company with an appropriate funding structure to facilitate the change of ownership and will help to support the management team’s future growth strategy.
‘We have some ambitious growth plans in place and we expect to continue with our current business strategy, with further organic growth anticipated. The business plan that has been created for the MBO has identified a number of potential opportunities to explore in the near future,’ said Marc Damhaut, CEO.
‘We are delighted to have reached an agreement with the previous shareholders and the founders of Euresys. We would also like to take this opportunity to thank our employees, clients, distributors, partners, subcontractors and suppliers for their loyalty over the past 25 years,’ he added.