Kamera Express acquires Foto Konijnenberg
Utrecht (NL), 7 December 2018 – Kamera Express, the Benelux’s leading photo and video equipment retailer, has acquired Foto Konijnenberg, an internationally oriented omni-channel player in the same industry.
Kamera Express, the investment platform of Vendis Capital in this market since March 2018, has been a leading photo and video specialist in the Netherlands and Belgium for more than 20 years. Through its own webshops and 18 brick-and-mortar stores, Kamera Express provides consumers with a winning combination of a very wide range and the best service at the lowest prices.
The acquisition of Foto Konijnenberg will give rise to a combined group with 21 stores in 3 different countries (the Netherlands, Belgium and Germany) and webshops in 10 different countries (all in the EU). As part of the transaction, Harold Konijnenberg, CEO of Foto Konijnenberg, will join the management of Kamera Express with a focus on Strategy and Integration.
Harold Konijnenberg, CEO of Foto Konijnenberg: “Foto Konijnenberg offers expert advice, excellent service and an extensive product range. All Foto Konijnenberg employees have a passion for photography and videography. This is a perfect match with the core values of Kamera Express, making this transaction a logical next step in our development”.
Ben Cornelisse, CEO of Kamera Express: “Growth is an integral part of Kamera Express’ strategy. In 2018, we took further steps in our international expansion with the opening of a second store in Belgium (Ghent). The acquisition of Foto Konijnenberg now adds another 3 new stores in 3 different countries. Together with Foto Konijnenberg’s webshops in 10 European countries, this creates a solid base for further international growth. This acquisition is therefore a perfect fit with our strategy of building the leading European omni-channel player organically and through acquisitions”.
About Kamera Express (kamera-express.nl)
Kamera Express, based in Capelle aan den IJssel (Netherlands), is an omni-channel photo and video equipment retailer with webshops and 18 stores in the Netherlands and Belgium.
About Foto Konijnenberg (fotokonijnenberg.nl)
Foto Konijnenberg, based in Den Ham (Netherlands), is an omni-channel photo and video equipment retailer with 3 stores in the Netherlands, Belgium and Germany. The company has online operations in ten European countries (the Netherlands, Belgium, Germany, France, UK, Ireland, Austria, Spain, Italy and Poland).
About Vendis Capital (vendiscapital.com)
Vendis Capital is an independent private equity firm dedicated to the European consumer space. In partnership with experienced entrepreneurs and managers, Vendis is focused on investing in and building small to medium-sized consumer companies that are well positioned for value-creating growth or transformation (“building brands together”). Vendis is the majority shareholder in Kamera Express, with which it is building the European market leader in photo and video equipment by means of organic growth coupled with a buy-and-build strategy.
For more information:
Vincent Braams (Partner | +31 6 20405683 | firstname.lastname@example.org)
David de Graaf (Investment Director | +31 6 10565004 | email@example.com)