On March 17, 2025, the Belgian Competition Authority (BCA) granted approval for Waterland Private Equity Investments B.V. to acquire joint control over PGB-International NV. This decision follows the notification of the transaction on March 10, 2025, where Waterland sought to apply the simplified procedure for the acquisition.

The acquisition involves Waterland gaining joint control over PGB-International NV through its subsidiary, WPEF IX HOLDCO 28 BV, alongside several family shareholders. Waterland is known for its investments across various sectors in 11 European countries, including Belgium.

PGB-International NV operates as a holding company with several subsidiaries, including PGB-Europe NV, PGB-France Sarl, PGB-Asia Ltd., and PGBPolska Sp. z.o.o. The company primarily focuses on producing and selling fastening materials, catering to a diverse customer base in the construction industry.

In its ruling, the BCA confirmed that the conditions for the simplified procedure were satisfied and that the merger did not raise any competition concerns, allowing the transaction to proceed without objections.