SmartMetals Mounting Solutions becomes property of the Vogel's Group
For two years they have been working closely together and, now, Vogel's has acquired one hundred percent of the shares with the aim of creating greater synergy in cooperation and positioning itself in the B2B sector.
The Group Vogel’s has acquired one hundred percent of the company SmartMetals Mounting Solutions. In 2018, The Eindhoven-based family business acquired a majority stake in SmartMetals which also develops mounting solutions for AV equipment.
Since then, Both companies have worked closely for the business market and given the results, Vogel’s has acquired the remaining shares of Vincent Rekveldt, until recently co-owner of SmartMetals Mounting Solutions.
“With this complete acquisition, Vogel's Group continues its path towards growth and expansion, even as a specialist in the professional market. In the current situation, short-term outlook for the professional market may be somewhat uncertain, but for the medium and long term, we see growth opportunities. After 2018, We committed to working collaboratively on product innovation and international growth. This last step will create greater synergy in cooperation and with that we are aiming to position ourselves in the B2B sector.”, explica Gerdi Vogels, CEO of Vogel's.
The cooperation has already brought benefits to both companies in recent years. In 2019, R&D and product management divisions of Vogel's and SmartMetals were integrated into a new Product Development Center in Den Bosch, creating Europe's largest for professional AV mounting solutions. The engineers, designers and product managers work together there to develop the latest and innovative solutions for the professional AV installation market.
“From 2004, SmartMetals has become a specialist in custom AV solutions and lifting systems. The collaboration with Vogel's in 2018 has expanded our distribution and development opportunities. And the organization is now ready for the next step. So this acquisition seems like a natural progression.”, explica Vincent Rekveldt, ex copropietario de SmartMetals Mounting Solutions.
Vogel’s and SmartMetals are brands whose activity focuses on the same area of specialization, but both the product range and the different market segments are largely complementary to each other. SmartMetals is a specialist in customized solutions for professional applications and lifting systems. Vogel's focuses mainly on mounting large-format video walls and complex configurations for the retail market., corporate and hotel.
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