Track record: Smit Thermal Solutions

Smit Thermal Solutions


Description Smit Thermal Solutions

Smit Thermal Solutions designs and builds thermal equipment for the production of thin-film solar cells. Customers are (thin-film) solar panel manufacturers around the world, mainly in the US and Asia. Smit Thermal Solutions is headquartered in Son near Eindhoven, The Netherlands, and employs roughly 50 people.


Investment rationale

Smit Thermal Solutions has outstanding technological expertise and over 80 years of experience in the field of thermal processing. Smit Thermal Solutions has a leading position in the thin-film solar equipment segment and is supplier to the market leaders within this segment. 

Value creation Active Capital Company

Active Capital Company’s Dick Zeldenthuis served as interim financial director at Smit Thermal Solutions. Examples of realized value creation are:

  • Cash flow: planning and authorizing payments, making payment agreements with suppliers, proactive debtor management
  • Working capital: just in time delivery of goods, focus on project lead times
  • Sales: support the acquisition of big multinationals as client, expansion of the sales network
  • Margin: clearly define project scope and charge clients for additional work, setup purchasing organisation
  • Organization: appointed an operational manager responsible for purchasing, production and installation
  • Administration: manage projects on deadlines and budget

Currently we are working on further expansion of our sales network and increasing the product assortment.

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"Because Active Capital Company is actively involved they understand the business better and are able to respond quicker." CEO - Smit Thermal Solutions