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No Immediate Changes Expected From Swets Deal
Information Today - Medford
Subjects: Western Europe; Internet services industry; Acquisitions & mergers
Author: Britt, Phillip
Date: Oct 2007
Start Page: 12
Pages: 2
Abstract (Document Summary)

Netherlands-based investment firm Gilde Buy Out Partners agreed to buy Royal Swets & Zeitlinger in late August for an undisclosed sum. Swets management is also participating in the buyout. Earlier this year, the institutional shareholders who had owned Swets decided to sell their holdings, according to Tony Snyder, Swets chief commercial officer. Swets is attempting to focus on more innovation, with the goal of adding three new releases annually of SwetsWise, its subscription management application. With the acquisition, Swets management can concentrate on the business of operating the company and growing the business rather than on answering to several different shareholders, said Eric-Jan Vink, a Gilde director.

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