Degroof Petercam Corporate Finance advised BMT Group in the successful acquisition of VCST and integration into its IGW division

After an investment period of 6 years, VCST, a global player in the supply of precision gearing and other company critical components for engines, gearboxes and brake systems for passenger cars and commercial vehicles with revenues of € 169m, was put up for sale by its shareholders - Gimv, NIBC and management - through a limited auction process.

Degroof Petercam Corporate Finance identified VCST as a highly synergetic add-on acquisition opportunity for BMT Group. The VCST acquisition complements IG Watteeuw International’s (IGW) existing diversified client portfolio and strengthens its activities across Europe, China, India, Mexico and the United States. VCST and IGW will generate combined revenues of approximately € 300m and employ around 2,750 people.

Degroof Petercam Corporate Finance was retained as financial adviser by BMT to coordinate the due diligence process and to assist the group in the valuation, as well as the funding, negotiation and structuring of the transaction.

Alexandra Niehe

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Thomas Van Rompuy

Senior Executive Advisor - media relations, economics, Bank Degroof Petercam

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Arnaud Denis

External Communication, Degroof Petercam

Alexandra Niehe

Head of corporate communications, Degroof Petercam

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About Degroof Petercam

Founded in 1871, Degroof Petercam is a Belgian-rooted reference investment house, built on more than 150 years of integrated financial knowledge. As responsible employer and investor, we contribute to sustainable growth. Private clients and families, entrepreneurs, corporations, professional investors and institutions trust us for our strong convictions and our continuum of services in wealth management, investment management and investment banking.

On December 31, 2024, total client assets amounted to € 64 billion. More than 1 000 experts are committed to our clients from our headquarters in Belgium and our branches in France, Germany, Italy, Luxembourg, Switzerland, Spain, the Netherlands and Hong Kong. 

Degroof Petercam is owned by Indosuez Wealth Management and by its historical minority shareholder CLdN Cobelfret. Our clients and experts benefit from the vast expertise and international network of Indosuez and the Crédit Agricole group, the world's 10th largest bank (The Banker, 2025). With approximately € 215 billion in client assets, more than 4300 staff members active in 15 territories, Indosuez is one of the European leaders in wealth management.

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