Pragma makes a foray into the Netherlands
It acquires CMS Asset Management.
Pragma, one of SA’s leading physical asset management engineering firms, acquired Netherlands-based consultancy, CMS Asset Management. CMS specialises in engineering advisory services related to maintenance and asset management.
Pragma CEO and founder Adriaan Scheeres (pictured) said the acquisition is aligned to the international expansion strategy developed during 2018.
“We believe we have a lot to offer and can expand our international footprint. Due to the fact that we already have an office in the Netherlands, it was a natural step for us to acquire CMS to further expand our operations in the Benelux countries, as well as the rest of Europe. Europe is known for its first-class asset management capabilities, especially in the Netherlands, and we can now offer our expertise in these countries with an expanded network. “
Ronnie Taljaard, Managing Director: International Services and Consulting at Pragma, added: “Our international expansion strategy included plans for acquisitive growth in the Netherlands. CMS had already been identified as a potential partner a few years ago, and when they approached Pragma late last year, we realised it was the ideal opportunity to execute our strategy to expand our footprint. CMS had all of the business characteristics that we were looking for. It offers the right size, culture and entrepreneurial approach to complement our existing business in the Netherlands. We see the Netherlands as the ideal base to grow from.”
Ronnie explained that Pragma established an office in the Netherlands at the beginning of 2017 when their operations manager, Henk Wynjeterp, moved there permanently. “We’re mainly focussed on industrial clients and original equipment manufacturers in the food and beverage industry, whereas CMS has an established footprint of customers in the public, water and infrastructure industry.”
CMS has years of experience in asset- and maintenance management of water distribution and water purification infrastructure, skills which are sorely lacking in South Africa. “We hope to share some of that knowledge in South Africa. On the other hand, we believe we can share some of our expertise with them. By joining forces, we’ll be able to reach a larger customer base, which will lead to a broader footprint and improved operational efficiency for Pragma in Europe,” Scheeres continues.