Amsterdam, 17 November 2025 – Seven2, a leading Pan-European mid-market Private Equity firm, has signed an agreement to acquire a majority stake in Zwart Techniek (“Zwart” or “the Company”), a Netherlands-based integrator of mission-critical power systems for data centers, vital and public infrastructure, and power-critical businesses across Europe.
This transaction opens a new phase of growth for Zwart, reinforcing its position as a European leader in the rapidly expanding energy resilience sector, driven by increasing demand for reliability, security, and energy efficiency at the intersection of connectivity, digitalization, and energy transition.
Seven2 is investing in Zwart through its MidMarket X fund. As part of the transaction, Scheybeeck Investments & Beek Capital, majority shareholders since 2015, will retain a minority stake.
A trusted partner in the supply and maintenance of mission-critical power systems
Founded in 1930, Zwart is a leading power system integrator delivering and servicing mission-critical power systems for data centers, vital and public infrastructure and power critical businesses across Europe. The Company offers energy resilience solutions including emergency power, primary power and energy storage. Its solution portfolio includes Emergency Power Systems (EPS) and cutting-edge Microgrid solutions, designed to deliver best-in-class services to a world-class customer base across multiple end-markets and geographies. At the forefront of advancing energy resilience, the Company has become a trusted partner for major international players operating data centers and other strategic infrastructure segments.
Headquartered in IJmuiden, with additional locations in Houten and Frankfurt, Zwart employs 160 professionals and operates across 11 countries. Over the past four years, the Company has expanded internationally, successfully diversified its data centers customer base, broadened its service offering and increased its assembly capacity, doubling its annual revenue to €130m.
A new chapter to accelerate Zwart’s leadership in energy resilience solutions across continental Europe
With the support of Seven2, Zwart will accelerate its strong growth trajectory and further consolidate its leadership position across Europe. This next phase of development will focus on accelerating Zwart’s pan-European growth by expanding its offering and reach – both organically and through targeted acquisitions – with a strong emphasis on internationalization and enhanced service penetration.
This acquisition marks the 12th investment of Seven2’s MidMarket X fund and illustrates the firm’s conviction in the long-term growth potential of companies serving digital and critical infrastructure. As Seven2’s fifth current investment in the Netherlands (following Expereo, Lumion, MentalCare Group and Odin Groep). Since 2018, Seven2 has deployed over €1billion of equity in the Netherlands. This transaction reaffirms Seven2’s commitment to the Benelux region further establishing the firm as a major player, empowering local SMEs to become industry leaders.
Julien Birman, Partner at Seven2, declared: “We are delighted to join Jim and his team, to partner with the employees of this best-in-class energy resilience company, and to work alongside Scheybeeck and Beek Capital in the next chapter of Zwart’s exciting journey. We look forward to drawing on our deep expertise in B2B mission-critical services as well as leveraging our pan-European footprint to support Zwart’s growth. This investment reflects our commitment to back European SMEs advancing the digitalization of our economy. We are proud to support companies like Zwart combining strong growth potential, meaningful impact, and a clear alignment with the evolving needs of our economy.”
Jim Craig, CEO of Zwart, added: “Partnering with Seven2 marks an exciting new chapter for Zwart. Over the decade, thanks to the dedication of our team and the support of our shareholders, we have built a robust company, ready to meet the rising demand for mission-critical power systems. With Seven2’s deep expertise and entrepreneurial approach, we look forward to continuing to scale up our organization and strengthen our leadership in energy resilience solutions across Europe. Together, we will continue to deliver the reliability, security, and efficiency our clients depend on.”
Completion of the transaction remains subject to customary regulatory approvals.
Please refer to the fund’s regulations and key information document before making any final investment decision. Investing in a private equity fund involves a risk of capital loss and liquidity. The profitability of portfolio companies is never guaranteed.
