After this transaction, Tinsa will have an estimated turnover of 120 million euros in 2017 and staff of over 800.
Troostwijk started in 1930 and today is the leader in Holland in property valuation and the assessment of goods and works of art. It is also the leading company in the country for the assessment of severe damage to assets forreasons of insurance, employing 160 people.
Troostwijk has become the launching pad for the expansion of Tinsa in Europe. “This transaction is a very important step in the strategy for the internationalisation of Tinsa. As well as opening the way for our growth in Western Europe, it strengthens our valuation activity of installations and assets for insurance and damages ,” states Ignacio Martos, Executive president of the Tinsa Group.
Ben Osnabrug, Principal Senior at Cinven, the venture capital firm owned by Tinsa, stressed, “Cinven has an important successful investment trajectory in businesses showing much growth, both in Europe and other international markets. The purchase of Troostwijk by Tinsa reflects our strategy for supporting companies in which we invest to facilitate their growth both geographically and in terms of product diversification.
Troostwijk will continue to operate in Holland under their own brand, led by the present Managing Director, Wiebe Westerhof, who will become a member of the Board of Directors at Tinsa.