Nieke Roos
18 May

Investment firm Gimv has acquired a majority stake in Variass. Founded in 1989, the Veendam-based company focuses on the “high-mix, low-volume, high-complexity” segment, supporting customers in product development, industrialization, (serial) production, logistics and lifecycle management. Employing 140 people and realizing an annual turnover of 45 million euros, it has become a strong partner for some forty OEM customers in the medical and industrial segments as well as defense and security. Through the investment, Gimv strengthens its position in the growing market for electronic products, in which it’s been active since 2020 with Applied Micro Electronics (AME) in Eindhoven.

Variass
Credit: Variass

Due to the increasing electrification of society, the demand for electronic modules and products will continue to increase. Supported by Gimv, Variass and AME enter into a strategic-operational collaboration to achieve a substantial acceleration in growth. “We have strong complementarities in the field of development and operational excellence, which will benefit the customers of both companies,” comments Henk Smid, founder and CEO of Variass. “We work with the same production platform, enabling us to offer our customers even better continuity in a strongly changing market by producing from multiple locations.”