Rhenoy signs Letter of Intent for acquisition of MRT Engines BV
- January 23, 2020
- Rematec News
Nick van Kessel on behalf of the Rhenoy Group and Johan van Gerven on behalf of MRT signed a Letter of intent for the 100% acquisition of MRT Engines BV, Bols Motoren BV and MRT Polska Sp. Z o.o.
MRT Engines BV has been specialsed in remanufacturing combustion engines and cylinder heads for more than 30 years. From its headquarters in Veghel, MRT Engines BV and Bols Motoren BV supply a wide range of exchange engines throughout Europe and is market leader in this field. MRT Engines BV is supported by its production site in Starachowiche, Poland. 90 employees work daily on the best remanufactured product that the market has to offer.
The Rhenoy group with its origins in car dismantling has grown into a supplier of alternative car parts from all facets within the circular economy. As a recycling partner of insurance companies and car manufacturers, Rhenoy supplies used, remanufactured and new original parts brought together in the Approved Green concept.
Nick van Kessel, CEO Rhenoy Group: “ The acquisition of MRT en Bols is another step in enhancing our market-leading engine supplier proposition and will allow us to unlock real synergies for the benefit of our group, clients and customers. Not only is MRT the Market leader when it comes to remanufactured engines, it brings Rhenoy to the source of remanufacturing. Just as with our used and new products, we are now present in the entire chain, from the source to the customer. In addition, the acquisition must lead to a strong (competitive) position, economies of scale and to increase the capacity and flexibility of the entire organisation".
Johan van Gerven, CEO of MRT Engines BV and Bols Motoren BV: “My partner Bart Smits and I are proud of the evolution that MRT has gone through and we have been thinking carefully about the future of MRT, how to secure it, and how to achieve further growth. The collaboration we already had with Rhenoy showed that they are the best party to continue with MRT. The principles of Rhenoy fit well with MRT as a company and the developments in the market. I look forward to further developing MRT together with the Rhenoy team ”.
As a result of this acquisition, MRT Engines BV will not only have its own remanufacturing product but also the possibility of supplying Approved Green products. This broadens and deepens the delivery program, a delivery program that is unique in Europe. Both, Rhenoy Onderdelen BV in the Benelux and MRT Engines BV in Europe, will implement this programme.