Press release


The Hague (NL) & Antwerp (BE), October 16th, 2024, 07:45 CET



Brouwerij Martens acquires United Dutch Breweries with a
purpose of further joint global expansion
Founded on a shared vision on brewery craftmanship, innovation and sustainability,
Belgian based and family owned Brouwerij Martens acquires United Dutch Breweries
from Gimv and management. From a high complementarity, both companies can
strengthen each other's further growth.

With a brewing heritage dating back to 1538, proprietary brand portfolio and unrivalled
United Dutch Breweries (UDB) was among the global route to market, opening up new and
first to export iconic Dutch beers all over the attractive growth opportunities for the
world. In close cooperation with its business combined group. In addition, both companies
partners, UDB has been brewing and shipping are highly complementary, providing the
its proprietary brand portfolio of affordable combined group with a unique opportunity to
premium beers to every corner of the world, unlock synergies and create value for all
with well established presence in more than 100 stakeholders, making this a perfect match.”
markets globally.
Tom Verhaegen, CEO United Dutch Breweries,
Since the investment by Gimv Consumer in declares: “The combination of Brouwerij
2015, UDB has evolved from a predominantly Martens and UDB creates enormous
trade and volume-oriented beer company into opportunities for all our stakeholders, not least
a more focused, innovative, and growth for our customers and employees. After all, we
focused organization. In 2023, UDB successfully combine the strong commercial, branding and
launched its ‘Easy Brewing system’ in West route to market competencies of UDB to the
Africa, an innovative and more sustainable production and supply chain competencies of
way to open up local beer markets around the Brouwerij Martens, which are simply excellent in
world. terms of quality, flexibility and innovation
power. We look back at our journey with Gimv
Brouwerij Martens, founded in 1758, is the with gratitude and look forward to a bright
largest family-owned brewery in Belgium, future at Brouwerij Martens with great pride and
based in Bocholt, Limburg. The company is an enthusiasm.”
integral part of Belgium’s rich brewing history
and well known for its craftsmanship and Jan Martens, Executive Director Brouwerij
passion for brewing. With a state-of-the-art and Martens and 8th generation of the founding
best practice brewery in terms of sustainability family, adds : "We see the collaboration with
and efficiency, Brouwerij Martens produces UDB as a new milestone in the history of our
and sells more than 4 million hectoliters of beer family brewery. After many investments in
across more than 100 countries worldwide. highly advanced and sustainable beer
production and filling capacity, our focus and
Koen Bouckaert, Managing Partner Consumer strategy now aim to strengthen our position in
& Patrick Franken, Partner Consumer, jointly global markets with profitable and strong beer
declare : “Entering into a new growth phase, brands. UDB will certainly complement our
this transaction perfectly reflects the strategic ambitions here. The 9th generation of family
growth ambitions of United Dutch Breweries. brewers is ready to make this new challenge a
Leveraging the best-in-class production and success story with all our employees in Belgium
supply chain capabilities of Brouwerij Martens and the Netherlands."
will allow UDB to unlock the full potential from its




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 1
The Hague (NL) & Antwerp (BE), October 16th, 2024, 07:45 CET

Press release



Danny Dresselaerts, CEO Brouwerij Martens,
declares : “We are extremely proud to have About Gimv
been able to realize this transaction together
with Gimv and UDB and consider the strategic Gimv is a European investment company with
cooperation with UDB as an important over 40 years of experience in private equity and
milestone in the further development and is listed on Euronext Brussels as well as a member
strengthening of our joint global business. of the Euronext BEL ESG Index. Gimv currently has
Moreover, with strong brands such as a portfolio of more than EUR 1.5 billion consisting
Oranjeboom and Royal Dutch, and a broad of around 60 portfolio companies, with a
international sales network, UDB will give our combined turnover of EUR 4.0 billion and more
growth ambitions special acceleration. The than 20,000 employees.
complementarity between the two companies
offers unique opportunities to commonly As a recognized market leader in selected
create more value, and we look forward with investment platforms, Gimv identifies
enormous confidence to realize our ambitions entrepreneurial, innovative companies with high
together with the team of UDB.“ growth potential and supports them in their
transformation into market leaders. Gimv's five
The transaction has no significant impact on investment platforms are Consumer, Healthcare,
the Net Asset Value per share as per 30 June Life Sciences, Smart Industries and Sustainable
2024 that Gimv reported in the Trading Update Cities. Each platform works with an experienced
of 3 September 2024. No further financial details team across Gimv’s home markets of Benelux,
will be disclosed. France and DACH, supported by an extended
international network of experts.

Further information on Gimv can be found on
www.gimv.com.

For further information please contact:

Koen Bouckaert, Managing Partner Consumer
T +32 3 290 21 31 – koen.bouckaert@gimv.com

Patrick Franken, Partner Consumer
T +31 70 3 618 625 – patrick.franken@gimv.com




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 2