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Petro Bio AB moves in with the VYNCKE Group

Press release   •   Jun 19, 2019 07:59 UTC

(2018-02-01) The Belgian company VYNCKE NV has been synonymous with high quality biomass boilers for more than a hundred years. Through the acquisition of Swedish PetroBio they expand their portfolio of solutions for their customers’ energy needs.

Up to this date VYNCKE has delivered biomass fueled installations to 85 countries. The heart of their deliveries is the self-developed stepgrate. PetroBio are specialized in flame combustion. They have burners for all types of fuels and their competence within wood dust combustion is unique in the world. The base for PetroBio’s activities is the Nordic market.

“The merger of our companies provides completely unique possibilities of positive exchange. We complement each other both product- and market wise, with very little overlap. We are looking forward to an exciting cooperation and the expansion of our customer offer”, states Johanna Lindén CEO of Petro Bio AB.

PetroBio will continue to operate as an independent sister company within the existing group of VYNCKE companies. Transfer of ownership took place on the 31stof Januari 2018.

“We welcome PetroBio into the family of VYNCKE companies and look forward to gain access to their burner expertise. This will add an important dimension to our total customer offer”, states Dieter Vyncke joint owner and CEO.

After January 31, PetroBio will have a new VAT number. It is SE5591441877-01. The bank giro number will continue to be the same as before, BG420-7197.

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