News

NOM Finance to take a stake in Sustainder

Smart-lighting specialist Sustainder has signed a letter of intent under that will see the NOM, an investment and development agency covering the north of the Netherlands, take a minority stake in the company.

Sustainder was founded in September 2016 with the goal of supplying smart and sustainable public lighting solutions in the Netherlands and abroad. The planned participation by NOM Finance forms part of a significant financing agreement that will provide Sustainder with a solid basis on which to move forward with its plans. The parties expect to complete the transaction in Q1 2017.

The involvement of the NOM underlines the confidence felt in the future of Sustainder and the realization of its ambitions. The capital injection will enable the company to grow more quickly and so create more jobs in the north of the Netherlands. The money will also be used to finance Sustainder’s expansion into the German market, with its own sales team and a specially designed luminaire. As of January 1, 2017, Sustainder will begin manufacturing smart lighting at its plant in Emmen, the Netherlands, making Sustainder the only Dutch company to develop and produce luminaires in the Netherlands.

Sustainder Geert Lucas Emmen 13
The production takes place in the 'Smart Factory' Technologies Added in Emmen

Niek de Jong, CEO of Sustainder:

“The involvement of NOM Finance provides us with a broader foundation for our ambitious plans for the future. It is also an important step in our preparations to start production in January 2017. The establishment and growth of Sustainder will create new employment opportunities in the north of the Netherlands, and the circle will be complete once we start seeing our smart luminaires in operation across the region.”

Ruud van Dijk, Investment Manager NOM Finance:

“We see Sustainder as significantly strengthening the position of high-tech manufacturing in Drenthe, operating as it does in the emerging market for intelligent systems for public spaces, such as smart cities. Another advantage is that Sustainder’s products will be manufactured by a new company, Technologies Added, that is being set up as a collective smart factory on the site of the former Philips plant in Emmen. Our aim is to position the north of the Netherlands as an international ‘Region of Smart Factories,’ and Sustainder is a perfect fit. The entrepreneurial spirit at Sustainder convinced us to take a stake in the company.”

About NOM Finance

NOM Finance exists to help businesses grow in the north of the Netherlands. It does this by providing equity financing and/or subordinated loans to promising companies. These include start-ups and companies with ambitions to grow further, either organically or by takeover. The NOM’s financial commitment is always for a specified period, after which the shares are sold back to the company or to another party, any loans repaid, and the proceeds invested elsewhere. It is not the goal of NOM Finance to turn a quick profit. Instead, it is to be an active partner offering a company-specific approach. As well as capital, NOM Finance offers brainpower, advice and guidance with the aim of increasing sales, earnings, and sustainable employment. NOM Finance has investments in nearly 100 companies. These investments total approximately €90.

Contact

Share this article