Co-founder Hans Verhagen leaves Prodrive

Co-founder Hans Verhagen is leaving Prodrive. He’s stepping down from the supervisory board and selling all his shares to founder and CEO Pieter Janssen and HAL Investments. As a result of the transaction, HAL’s stake in the Eindhoven-based technology group increases from the initial 31.5 percent it acquired last year to 47.2 percent. The remaining shares are held by Janssen, management and employees.

Founded in 1993, Prodrive designs and manufactures high-tech electronics, software and mechatronic products and systems. It operates four dedicated R&D programs and three highly automated manufacturing sites and owns subsidiaries in the Netherlands, the US, China, Israel, Germany and Japan. Acknowledging Verhagen’s contribution as co-founder and former CEO, Janssen, HAL and management are committed to proceeding and investing in the company’s growth trajectory and business plan.