UTRECHT: Dutch industrial group Aalberts N.V. on Monday announced a series of divestments, offloading two businesses and reducing its stake in a third, as part of a strategic overhaul to streamline its portfolio.
The company has agreed to sell 100% of French unit Metalis SAS, which generates about 158 million euros ($171 million) in annual revenue and employs 1,045 people. The results of Metalis will be deconsolidated from Aalberts’ accounts starting Dec. 1, 2025.
Separately, Aalberts has entered a deal to divest 100% of Denmark-based BROEN ApS, with annual revenue of roughly 82 million euros and 500 employees. That transaction is expected to close in the first half of 2026, pending regulatory approvals.
Additionally, Aalberts has agreed with a long-term joint venture partner to reduce its shareholding in Poland-based Kan Sp. z.o.o from a controlling stake to 45%, relinquishing majority control. The move will shift the accounting treatment of the 160-million-euro revenue unit from full consolidation to the equity method, also effective Dec. 1, 2025.
In a statement, Aalberts said the moves are part of the divestment program under its “thrive 2030” strategy, unveiled during a Capital Markets Day in December 2024.
“We will continue to rebalance our portfolio with clear strategic choices and disciplined capital allocation to ensure leadership positions and further alignment with four global tailwinds: urbanisation, technology acceleration, reshoring, and decarbonisation,” Chief Executive Stéphane Simonetta said.
The company stated that the financial impact of these transactions does not alter the full-year earnings before interest, taxes and amortisation (EBITA) outlook provided in its third-quarter results.
($1 = 0.9223 euros)