Torqx Capital Partners acquires majority of the shares of ELCEE and Prins Castings & Forgings

Torqx Capital Partners (“Torqx”) is pleased to announce that it has acquired a majority share in ELCEE, a leading fabless supplier of mechanical components and assemblies for a wide range of industries. The company is active in the (co-)development, design, engineering, sourcing, supply chain-and inventory management of mechanical engineered parts. ELCEE is headquartered in Dordrecht and operates through local offices across Europe combined with technical support centers in China, The Netherlands and Poland.

Together with Torqx Capital Partners ELCEE straightaway acquires Prins, a supplier of tailor-made castings and forgings, headquartered in the Netherlands with sourcing & test centers in China and India. The Prins acquisition will complement ELCEE’s current product portfolio, customer base and geographic reach. By joining forces with Prins, the company will be able to offer more value-added solutions to customers and leverage synergies in operations, procurement, and engineering.

Torqx has followed ELCEE with great interest over the last years and is very familiar with its end markets and business model via relevant experience from previous investments. On the back of deep industry understanding and extensive experience, Torqx will support the management team to realize ELCEE’s future organic (and inorganic) growth plans. It is Torqx’ ambition to help ELCEE further develop into the undisputed market leader in its core countries.

Peter Fluitsma, CEO of ELCEE states that: “With Rivean Capital’s support, ELCEE has evolved beyond its Dutch origins to become a pan-European industrial supplier driven by an active buy-and-build strategy. Coming from 9 separate operating companies and refining the ELCEE strategy as of 2018, we created a solid platform ready to facilitate the next phase of profitable growth. Going forward Torqx is a partner that shares our vision and values and has a proven track record of building better businesses in a wide range of manufacturing- technical distribution- and other, mostly B2B industries. With Torqx as our partner and Prins in our group, we will have more resources, capabilities and opportunities to grow and develop ELCEE further.”

Marcel Pot, CEO Prins Castings & Forgings; “With over 85 years of experience, Prins has become a prominent supplier specialised in castings and forgings. Our journey reflects a commitment to quality and innovation, leading us from our origins as a trading entity to our present role as a valued business partner. Joining forces with ELCEE represents a significant milestone. This strategic collaboration, supported by Torqx’s experience and proven track record in building businesses, promises new opportunities and synergies. Together, we’ll leverage our combined strengths and resources to deliver even greater value to our customers and establish our position as a global market leader in the industry.”

Rik Leunissen, Partner at Torqx, further states that: “Over the last years, ELCEE has proven itself as the go-to supplier for customer-specific, mission-critical engineered mechanical components and assemblies. We admire ELCEE as a thriving enterprise that has achieved notable success over the past years and is set for the next phase of accelerated growth. Also, we believe it provides a unique opportunity to both companies to combine ELCEE and Prins as one group – with that further solidifying its market leading position in the Benelux and increasing scale in a.o. the German market. This will allow the companies to be able to become even more successful using ELCEE’s and Prins’ combined market power and scale. We are excited to partner with- and support management in further refining and executing their strategy, leveraging Torqx’ extensive experience with similar businesses and deep industry understanding.”

For this transaction, Houthoff and DLA Piper acted as legal advisors to Torqx, with PwC providing financial and tax due diligence services.

ELCEE is the go-to fabless supplier of mission-critical engineered and standard mechanical components and assemblies for leading manufacturing industries in North-West Europe. The company has approximately 250 FTE’s and is headquartered in Dordrecht, the Netherlands with local sales offices across Europe and technical support centers in China, The Netherlands and Poland. ELCEE provides in-house engineering support as well as quality control and inventory management and serves customers across the material handling, agri- & food processing, equipment manufacturing, construction- and shipbuilding industries, among others. ELCEE carries a strong engineering driven portfolio, as well as an assortment of products from world class brands Crosby, igus® and Wärtsila which are used as single assortments as well as in assemblies. For more information, please visit

About Prins Castings & Forgings
Prins is a supplier of tailor-made castings and forgings and helps out in the engineering, design, and quality control phases. Prins has approximately 50 FTEs, is headquartered in Amersfoort, The Netherlands and has locations in China and India to support local operations. Prins is stockholder for custom made products and serves a variety of industries a.o. railinfra-structure, earthmoving equipment, commercial vehicles, building and construction equipment. For more information, please visit