Together, NewPort and VWE will work to further shape the potential of VWE and its growth ambitions within the automotive sector. Founder and shareholder of VWE, Ton Vestering, will reinvest in the collaboration and take a seat on the supervisory board. The current management and members of VWE's management team will continue to lead the daily operations.
With 40 years of automotive experience, VWE has a rich history in the industry and ambitious growth plans for the future. According to Piet Renses (Director of VWE), NewPort is the ideal partner to strengthen their market position and realise their future ambitions together. With its broad network, knowledge and experience in implementing (international) growth strategies, and personal approach, NewPort is the right partner for VWE.
Rob van der Laan, Managing Partner at Newport, explains: “VWE has developed into a leading party in data-driven services for the automotive industry in recent years. Within this industry, VWE holds a unique position with car dealerships, in the lease market, and with consumers. We are extremely enthusiastic about the opportunity we have to facilitate VWE's further growth and development, and to shape VWE's strategy together.”
About VWE
VWE Automotive has been a business service provider for the automotive industry for over 40 years. As an RDW provider, VWE supplies car dealerships, leasing companies, fleet owners, consumers, and data companies with smart online tools, real-time market figures and vehicle information. Complemented by knowledge of laws and regulations, VWE offers customers convenience and support in their business processes. From RDW services and export services to management information and remarketing services.
Over Newport Capital
NewPort focuses on investments in established Dutch companies within the following sectors: food, packaging, manufacturing, and financial and business services. NewPort enjoys working with – and supporting – entrepreneurial management teams in achieving autonomous and acquisitive growth.
Note to editors
For questions, images and interviews, please contact VWE: Mignon Sanders by phone on: 088 – 893 7018 or mignon.sanders@vwe.nl.