Acquired in
2022
Real Estate

Belcotec

Belcotec, a leading provider of HVAC and electrical installations in large commercial buildings, was founded in 2012 by Jan Vangeel. With over 100 professionals based in Geel, Belgium, Belcotec is a very advanced digital company specialising in building automation, mainly with heat pumps. The company's dynamic growth and commitment to innovation make it an attractive and strategic addition to the Adeleon portfolio.
Belcotec

Background

In November 2022, Adeleon successfully acquired Belcotec, consisting of Belcotec NV and Belcotec Technics BV. This acquisition was part of Adeleon's strategy to expand its own presence in the HVAC and electrical installation industry and to focus on innovative and sustainable solutions.

“Belcotec is a successful Belgian multi-technology (HVAC/ELEKTRO) project company. Due to the rapidly evolving market, it is vital to continue investing in people and doing business as an independent player on the market. Our people are used to work in a family-owned environment. It is this family approach and long-term thinking that makes Adeleon the ideal investor for Belcotec and its employees.”
Martijn Megens
Jan Vangeel
Seller and still managing director of the Belcotec Group

Acquisition

Adeleon's acquisition of Belcotec was a strategic move to enhance Adeleon's capabilities in the HVAC and electrical installations sector. Jan Vangeel, the founder of Belcotec, continues to serve as its managing director, ensuring a smooth transition and maintaining the company's values and dedication to innovation.

Impact

The acquisition of Belcotec has expanded Adeleon's expertise in the HVAC and electrical installations sector and allowed Adeleon to offer innovative, sustainable solutions to a broader customer base. This addition to Adeleon's portfolio has strengthened its market position and enabled Adeleon to pursue new opportunities in the industry.

Result

The acquisition has allowed Adeleon to expand its presence in the HVAC and electrical installations sector, strengthening its market position and enhancing its capabilities in providing innovative and sustainable solutions.

Conclusion

The acquisition of Belcotec was a strategic move that has expanded Adeleon's expertise in the HVAC and electrical installations industry while maintaining the values and dedication to innovation that Belcotec is known for. This partnership has strengthened Adeleon's market position, enabling it to offer sustainable and innovative solutions to a wider customer base, and ensuring long-term growth and success for both Adeleon and Belcotec.

Share this case study
Martijn Megens
Martijn Megens
Managing Director M&A-Transactions

We have acquired over 20 companies in the last 10 years

Read our detailed case studies to learn more about our acquisition process and how we can help ensure the future success of your business.

Belcotec
Belcotec is a leading provider of HVAC and electrical installations in large commercial buildings.
KÖHL s.à r.l.
KÖHL s.à r.l. is a Luxembourg-based, electrical company.
Luxelec Building Technology SA
LUXELEC is a leading provider of technical building equipment and electrical engineering solutions.
Group Vrebos
Group Vrebos is a leading Belgian manufacturer and vendor of aluminum and PVC windows and doors.

Trust us for a smooth acquisition process

Partner with us to ensure a smooth and successful transition and solve your succession problem, giving you peace of mind. You can trust us to take care of your legacy while you focus on what's next for you.
chat icon
Hello, I’m Alexander! Talk to me directly about how we can help you secure your business legacy.