Description of the portfolio company
Havatec is a developer and manufacturer of turn-key processing solutions for (semi) automated grading, bunching, handling and packaging of cut flowers and bulbs. Havatec concepts automate (part of) labour intensive processes in Horticulture industries, contributing to cost efficiency at its customers. Hardware and software are developed in-house by extensive R&D and Engineering teams. Recent innovations include the Falcon bulb planter, Flower separator and the Twister bouquet machine which have opened new international growth markets.
Investment rationale
In 2021, Rabo Investments acquired a minority share in the company which enabled some financial de-risking of majority shareholders. Rabo Investments acts as a sparring partner to management and supports the company’s growth strategy by contributing relevant Horticulture sector knowledge and network. Havatec is well positioned to benefit from the trend of increasingly scarce and costly labour in flower- and bulb processing industries, which drives an increasing demand for innovative and cost-efficient automation solutions, globally.
Quote by management:
´Through our partnership with Rabo Investments, Havatec has further strengthened its network in the Horticulture sector. Introduction to new international sales markets has been made easier and there is more support for new developments, speeding up the process. Through this collaboration, the Horticulture sector can continue to rely on an innovative partner who guarantees the generation and devising of new ideas.”