Congrex Holland has followed the examples of its British and Swiss colleagues and successfully negotiated a secured MBO future, following the collapse of the holding company last year.
The Congrex Holland management team, consisting of Jarno de Boer, Managing Director and Rob Eskes, Director Business Relations, has signed a partnership agreement with Prasant Saha, CEO of CIMGlobal, which guarantees the future of all current projects and the jobs of the local staff. CIMGlobal has 100 employees in 10 offices in four countries and was founded in 1997.
The agreement was signed on 18 February and ensures there will be more chapters in the company’s 32 year-year history.
Jarno de Boer said: “Congrex Holland has been a successful entity within the Congrex Group for several years thanks to our team and client relations. In the offices of Congrex Holland BV in Amsterdam, Noordwijk and Rome it has been business as usual despite the hectic times. Congrex Holland BV has a dedicated and stable team and with the new ownership in place this team is ready for the future.”
Congrex Holland BV employs a team of 27 and the team is active on a range of events in the aerospace, medical, energy and apparel industries.
“I am very happy to extend the CIMGlobal network into Europe by joining the management buyout of Congrex Holland BV. Combining our 17 years of experience in the Asian and Middle Eastern association market with the knowledge and background in Europe, Qatar and Africa of Congrex Holland, makes us a strong force in the global association meetings market,” said Prasant Saha.
Rob Eskes added: “Being able to work with CIMGlobal’s network in a closer and more integrated manner than we have been doing brings many opportunities and added value for our clients. We see International associations reaching out to Asia and the Middle East to grow their organisations, and with our new partners and our long time expertise we will be able to serve our clients better.”
Congrex Holding collapsed last year after defaulting on payments.