# Ackermans & van Haaren to acquire 40% stake in IQIP Holding for €100M

Ackermans & van Haaren agreed to acquire a 40% stake in IQIP Holding from HAL Investments for €100 million. MerweOord will also acquire 20% of IQIP, with an option to increase to 33.33% in 2024.

- Type: Acquisition
- Announced: 2023-08-11
- Where: Sliedrecht, Netherlands
- Value: $110.0M (100.0M EUR)
- Status: announced
- Products: hydraulic hammers, piling equipment, subsea guiding equipment
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Ackermans & van Haaren](https://endata.com/companies/37545.md) (acquirer)
- [HAL Investments](https://endata.com/companies/46906.md) (partner)
- [MerweOord](https://endata.com/companies/46907.md) (acquirer)
- [IQIP Holding B.V.](https://endata.com/companies/69127.md) (target)

## Sources

- [siliconcanals.com](https://siliconcanals.com/ackermans-van-haaren-to-acquire-iqip/), 2023-08-14: "Antwerp, Belgium-based Ackermans & van Haaren (AvH) ... has entered into an agreement with HAL Investments to acquire 40 per cent stake in Sliedrecht, the Netherlands-based IQIP Holding for €100M."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.