Business Wire

Megadyne Group and Ammeraal Beltech Appoint a New CEO

Del

As a first important step in the creation of a new global leader in belting, Megadyne Group (‘Megadyne’) and Ammeraal Beltech (‘Ammeraal’), have appointed a combined CEO, Mr. Stijn Vriends. The appointment follows the recent agreement by Partners Group, the global private markets investment manager, to acquire and merge both companies on behalf of its clients, creating a full-service provider across specialist industrial transmission belting and lightweight conveyor belting.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180904005202/en/

Stijn Vriends (Photo: Business Wire)

Stijn Vriends (Photo: Business Wire)

Stijn Vriends, a Dutch national, has lived and worked in Italy for the past 15 years. Most recently, during his three-year tenure as CEO of Faster, a Milan-based market leader in hydraulic couplings, he oversaw a growth strategy that led to the company being acquired by Helios Technologies, a NASDAQ-listed industrial manufacturing company. Mr. Vriends speaks fluent English, Dutch and Italian and holds an MSc degree from Delft University of Technology in the Netherlands as well as an MBA from IMD in Lausanne, Switzerland. He started his professional career as an Operations Manager at Koninklijke Hoogovens in the Netherlands and has worked in a range of leadership positions within the industrial manufacturing sector over the course of his career.

“I am very pleased that Stijn has accepted our offer to lead Megadyne and Ammeraal Beltech and develop the combined group into a true global champion,” said Mr. Horst Heidsieck, Chairman of the Supervisory Board. “Over the course of his extensive professional experience in both the Netherlands and Italy, he has accumulated

in-depth knowledge of both working cultures and languages along with prior success in managing a private equity-owned company. All of this makes him the ideal fit for our requirements in this position.”

“I am excited to take on this challenging role as CEO of Megadyne and Ammeraal Beltech at such momentous point in the companies’ trajectories,” commented Mr. Stijn Vriends. “With a track record of growth-focused leadership, I believe I am well-suited to combine the best of both companies’ cultures, in order to realize the full potential to clients and employees, and to achieve global market leadership.”

“The bringing together of Megadyne and Ammeraal Beltech creates a group that can be a true partner for its customers, by offering the most complete range of belting solutions in the industry” comments Giorgio Tadolini, member of the founding family of Megadyne and Executive Chairman of the Management Board of the combined company.

“I would like to thank Prakash Iyengar, departing CEO of Ammeraal, whose three years in that role were transformational in terms of driving margin expansion and significant profitability growth,” stated Pascal Noth, Managing Director, Partners Group and a member of the Supervisory and Management Board. “Looking ahead, the focus for Ammeraal and Megadyne is on the growth opportunity provided by increasing automation in many industrial verticals across the world. The appointment of Stijn Vriends as CEO is the first joint step on that accelerated path to growth.”

About Megadyne

Headquartered in Italy, Megadyne Group develops and manufactures power transmission belts, matched components and complete belt systems for a diverse range of applications. Over the last 60 years, the company has changed from being family run company to a multinational group with 16 production plants and more than 50 commercial offices worldwide, always focused on the care of people, product innovation and highest standard quality.

www.megadynegroup.com

About Ammeraal Beltech

Headquartered in The Netherlands, Ammeraal Beltech is one of the world’s leading companies in lightweight process and conveyor belting. An industry leader in both R&D and in its service platform, Ammeraal Beltech designs, manufactures, distributes and maintains high-quality process and conveyor belts for a diverse range of applications covering nearly every major industry.

www.ammeraalbeltech.com

Contact information

Ammeraal Beltech
Marc Maisonneuve
Communications Director
mmaisonneuve@ammeraalbeltech.com

Om Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Følg saker fra Business Wire

Registrer deg med din epostadresse under for å få de nyeste sakene fra Business Wire på epost fortløpende. Du kan melde deg av når som helst.

Siste saker fra Business Wire

Three Finalists Selected Following GA-ASI’s Blue Magic Belgium Event15.6.2019 11:00:00 CESTPressemelding

Three finalists have been selected from GA-ASI’s Blue Magic Belgium event with the goal of supporting GA-ASI and the development of MQ-9B SkyGuardian Remotely Piloted Aircraft (RPA) for Belgium. The three Belgian companies selected are AIRobot, ALX Systems, and Hexagon. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190615005003/en/ "We were very impressed by the many talented companies and particularly by the innovative concepts presented by these three finalists," said Linden Blue, CEO, GA-ASI. (Photo: Business Wire) AIRobot, a company based at DronePort in Sint Truiden, Belgium, focuses on developing drone performance equipment for easy, precise and safe professional operations, while specializing in Artificial Intelligence (AI) for processing hyper-spectral imagery. ALX Systems is an Unmanned Aircraft System (UAS) solution provider based in Liège, Belgium and specializing in AI for processing Full Motion Video. Hexagon’s

World’s First E-Money License for Blockchains Issued to Monerium15.6.2019 08:35:00 CESTPressemelding

Monerium ehf. has received a license from the Financial Supervisory Authority of Iceland to issue e-money on blockchains through its subsidiary, Monerium EMI ehf. The full license is the world’s first e-money license for blockchains issued under EU e-money regulations. The license is passportable within the largest global economic zone, the European Economic Area, and to external jurisdictions subject to regulatory approval and destination country regulations. Designed as a digital alternative to cash, e-money is a proven framework for digital fiat currency already in use for pre-paid cards and mobile wallets. By issuing e-money on blockchains, Monerium removes the need for intermediaries and provides the ability to automate financial transactions in many sectors, including payments, trade finance, securities settlement, and ecommerce. At the same time, e-money on blockchains extends Satoshi Nakamoto’s vision of online peer-to-peer currency transactions to a regulated form of digital f

Mattel® Unveils Hot Wheels™ id, Groundbreaking New Play System Bringing Together Physical and Digital Play, Available Exclusively at Apple.com, Select Apple Stores and on the App Store14.6.2019 13:00:00 CESTPressemelding

Mattel, Inc. (NASDAQ: MAT) today announced the launch of Hot Wheels id, the evolution of the beloved brand that generations of kids have played with to ignite their challenger spirit. Through innovative vehicle play, Hot Wheels id brings together physical and digital in a Mixed Play experience with uniquely identifiable vehicles, a smart Race Portal, Smart Track, and digital hub, so you can build your personalized fleet, measure your performance, and compete like never before. Hot Wheels id is available starting June 14th exclusively at Apple.com, select Apple stores and on the App Store. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190614005084/en/ Hot Wheels Race Portal™ scans your Hot Wheels id vehicles into the app, tracks speed and counts laps via infrared sensors, and easily connects with your classic Hot Wheels track. (Photo: Business Wire) For the first time in history, kids can scan their Hot Wheels id cars digita

S BLOCK Co-host With World Blockchain Forum Singapore & World Blockchain Award Asia14.6.2019 12:45:00 CESTPressemelding

Asia's highly anticipated blockchain event World Blockchain Forum · Singapore & World Blockchain Award · Asia will be held on June 22-23, 2019 at the Marina Bay Sands in Singapore. The conference will bring together more than 4,000 global elites from government, associations, regulatory agencies, investment institutions, blockchain project parties, financial technology, and media to discuss industry trends and innovations, jointly recognizing industry pioneers and contributions to promote the industry and achieve healthy and rapid development! The World Blockchain Forum Singapore & World Blockchain Award Asia will be co-hosted by S BLOCK. As a fast-growing digital asset management platform, S BLOCK was developed for the blockchain industry. This rapidly growing platform aims to serve the digital financial ecosystem and aims to commercialize by the end of 2019. The slogan of S BLOCK is “unleash your digital asset.” The platform also provides investors access to mainstream cryptocurrenci

Janssen Reports Top-Line Phase 3 Results for TREMFYA® (guselkumab) in Adults with Active Psoriatic Arthritis14.6.2019 11:39:00 CESTPressemelding

The Janssen Pharmaceutical Companies of Johnson & Johnson today announced top-line results from the Phase 3 DISCOVER 1 and 2 studies, which evaluated the efficacy and safety of guselkumab compared to placebo in adult patients with active moderate to severe psoriatic arthritis (PsA). Both studies met their primary endpoints of American College of Rheumatology 20% improvement (ACR20), and the safety profiles observed for guselkumab in the DISCOVER programme were consistent with previous studies of guselkumab and current prescribing information.1 The DISCOVER programme comprises the first-ever Phase 3 studies evaluating an IL-23 p19 inhibitor for the treatment of psoriatic arthritis, and data will be presented at upcoming scientific medical meetings. Data from the two DISCOVER studies will serve as the basis of submissions to the U.S. Food and Drug Administration and European Medicines Agency seeking approval of guselkumab as a treatment for psoriatic arthritis, which are anticipated for

Velodyne Features Advanced Lidar for Port Terminal Automation at TOC Europe14.6.2019 10:00:00 CESTPressemelding

Velodyne Lidar, Inc. (Stand A50) will demonstrate how its smart, powerful lidar solutions can advance port terminal automation at TOC Europe in Rotterdam, 18-20 June. Velodyne will highlight customer applications that show how its lidar sensors can be used in crane steering, container handling, internal terminal vehicles (ITV), automated guided vehicles (AGV), forklifts, and terminal security/yard monitoring systems. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190614005040/en/ DGWorld solutions demonstrate how Velodyne’s intelligent lidar sensors are helping port and terminal operators deliver consistent service quality and achieve increased safety. (Photo: Business Wire) DGWorld (Stand B21A), a Dubai-based Velodyne integrator, will showcase autonomous taxis, ITVs, AGVs, and terminal operation vehicles that use Velodyne lidar sensors to run autonomously. These vehicles use advanced artificial intelligence (AI), automation