Anders Invest B.V. Acquires Controlling Interest in Solex Thermal Science Inc.

(Calgary, Alberta, September 9, 2019) – Solex Thermal Science Inc. (“Solex”) is pleased to announce that Anders Invest B.V. (“Anders”) has acquired a controlling interest in Solex. With this investment, Anders reconfirms its confidence in the bulk solids heat exchange market. The investment in Solex complements its previous investment in Mosman Stainless Steel (“Mosman”) made in March 2018.

Solex is excited for the next phase in its history. Having recently celebrated its 20th anniversary as an independent business, the opportunity to collaborate with the teams at Anders and Mosman will provide a significant catalyst for future growth.

Solex and Mosman will work together to maximize the strengths, experience and expertise of each company, bringing to their customers equipment that meets all their expectations for performance, reliability and efficiency.

Solex has a long and successful history as a leader in the thermal science of heating, cooling and drying bulk solids in a wide range of industries, providing customized solutions to meet the operational needs of customers around the globe. Solex collaborates with customers throughout the equipment life cycle, from concept, design and fabrication, to post-installation operations. Solex’s patented industrial heat exchanger technology produces near zero emissions, uses 90% less energy and produces a superior end-product that results in cost savings for customers.

As part of the change in ownership, Neville Jordison has transitioned from Chief Executive Officer to a role focused on the development of new technology applications and sales, including high temperature applications and energy storage. Lowy Gunnewiek has assumed the role of Chief Executive Officer of Solex. Previously, Lowy served as an independent director on Solex’s Board of Directors, Chairman and CEO of Sproule and held various senior leadership roles with Hatch Ltd. Lowy brings diverse international experience with a focus on innovation, strategy and delivering results. Lowy stated, “I look forward to building on Solex’s accomplishments and working with the entire Solex, Anders and Mosman team as well as our suppliers and partners to ensure Solex continues to deliver solutions that fully meet customer’s expectations for performance, reliability and efficiency.”

“This investment by Anders is an excellent opportunity to continue to grow our market and extend our technical bench strength for continued innovation in the thermal science of bulk solids. I am excited to narrow my focus to areas that will support the future success of Solex. I also know that by handing the reins to Lowy, Solex will be in capable hands.”, says Neville Jordison, former CEO and co-founder of Solex.

Solex is a Canada-based, global supplier of systems for the heating, cooling and drying of bulk solids.

Anders is a Netherlands-based investment firm focused on medium-sized companies in the manufacturing industry. Anders's approach is distinguished by its focus on the long term, sustainable value development (slow equity), practical and active management support (supportive) and an honest and transparent approach (straight).

Mosman is based in the Netherlands and has extensive experience manufacturing bulk solids heat exchangers as well as serving the regional stainless-steel metal working market since 1879.

For further information please contact:

Solex Thermal Science Inc.
Phone: +1 403 254 3500
Email: info@solexthermal.com
www.solexthermal.com

Anders Invest B.V.
Phone: +31 (0)85 4019312
Email: info@andersinvest.nl
www.andersinvest.nl

Download a copy of the announcement here.


This entry was posted on September 9, 2019


Return to News