Smile Invest, new partner for Oldelft Ultrasound to facilitate next phase of growth

Smile Invest announces today that it acquires a majority stake in Oldelft Ultrasound (“Oldelft”) from Gimv. The investment from Smile Invest will facilitate the next phase of growth of the company with a continued focus on product development and commercial excellence.

Oldelft is the only independent global manufacturer of high-quality transesophageal echocardiography (“TEE”)  ultrasound probes, which are used in the adult, paediatric and neonatal cardio markets for diagnosis and monitoring of the heart. Oldelft’s headquarters and production facility is based in Delft, the Netherlands. Since three decades the company manufacturers probes which are sold directly to all major cardiovascular ultrasound OEM’s and used in countries worldwide.

The management team of Oldelft has successfully positioned the company as a trusted partner to the leading cardiovascular OEM’s in the ultrasound market. Oldelft’s strong reputation of high-quality and reliability has ensured it to maintain a long-standing relationship with all its customers. The management team of Oldelft will reinvest alongside Smile Invest.

Rob Smallenburg, CEO of Oldelft is enthusiastic about the future of the company: “I am delighted to have found a supportive investor in Smile Invest and excited about the future direction of the business. Together we look to deliver the next phase of our ambitious growth plans, based on our strong investments in next generation miniaturized 2D and 3D products, which further improve the capabilities of healthcare professionals across the world.”

Ivo Vincente and Bart Cauberghe, managing partners at Smile Invest add: “We look very much forward to support Rob Smallenburg and his team in this new phase of growth. We are convinced Oldelft is well positioned to pursue its growth trajectory, driven by its unique positioning as the sole independent global manufacturer of TEE probes. Oldelft strongly fits in our focus on innovative, ambitious market leaders with strong technical capabilities.”

About Smile Invest:
Smile Invest is a European evergreen investment company with €350 million of assets under management, financed by 40 entrepreneurial families and with a long term focus on innovative growth companies. Smile Invest is unique by investing in high potential companies in the software and  technology industries , as well as in the health care and consumer digitalisation sectors. From its offices in Leuven and The Hague the Smile Invest team supports entrepreneurs and entrepreneurial management teams in realising their growth plans by leveraging its extended network and deep business experience with successfully managing international market leaders.

Contact:
Ivo Vincente, managing partner Smile Invest – ivo.vincente@smile-invest.com – +31 6 22 91 92 32
Bart Cauberghe, managing partner Smile Invest – bart.cauberghe@smile-invest.com – +32 476 33 66 69

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