The past 24 months has presented some of the most challenging circumstances for European businesses in living memory, with both the coronavirus pandemic and energy crisis putting an enormous amount of pressure on company balance sheets. As discussed in our last report, we have been proactive in providing continuous support for the financial health of our portfolio companies. However, one key issue that does often get lost when looking at the health of small and medium sized companies is not that of the balance sheet but of the people that are so crucial to our joint success.
2022 has seen the continued growth of Kartesia’s European footprint with a local presence in Amsterdam and Milan plus the relocation of the office in Munich to accommodate a larger team focusing on the DACH region.
With the support of its majority shareholder Kartesia, Babcock Wanson Group (“Babcock Wanson” or “the Group”) reaffirms its commitment to becoming the pan-European leader in solutions for the energy transition of Europe’s manufacturing industry. The integration of Parat and PBS Power Equipment at the end of the year mean the Group has made three acquisitions in 2022 alone, following the acquisition of Donau Carbon technologies in October.