Acquisition of Dutch competitor Klieverik B.V.

After taking over the Oldenzaal-based company, GSE provides vital funds and automation expertise to co-develop a groundbreaking computerized paint dispensing system, valued at fl. 1.5M (€680,000). Two orders are secured for Akzo’s paint manufacturing facilities in the Netherlands and France, swiftly followed by another three that year. The growing order book enables the company’s continued expansion.