Egeria is to acquire 100 per cent of the shares of consumer electronics manufacturer Trust. Financial details of the deal have not been disclosed.
Mark Wetzels from Egeria says that Trust owes its prominent position to its customer focus, speed of new product introductions and the company’s enterprising culture, among other things. “Trust has shown in recent years that it has the right qualities to operate very successfully in the dynamic market in which it is active. For example, Trust Gaming has become a household name among gamers internationally in a short time, due in part to its close relationship with various eSports teams and influencers.” Egeria’s knowledge, experience and network are expected to contribute to achieving Trust’s growth ambitions.
Trust founder Michel Perridon is excited about the transaction, as he expects Egeria to play a major role in the organisation’s further development. “It was important to me that the new owner would share Trust’s commercial DNA and continuous pursuit of operational excellence. That is certainly the case with Egeria, and I am confident that they will work closely together with Trust management to continue to propagate Trust’s commercial vision and innovative character.”
Trust’s Board of Directors will maintain its active role within the company. They are also positive about the acquisition, says Trust CEO Michel Hoekstra. “We immediately connected with Egeria. The mutual trust has only grown stronger as the process progressed. I am confident that the two companies’ shared vision and ambitions guarantee a bright future for Trust.”
