Damartex (ENXTPA:ALDAR) acquired Andres Nv from Isabelle Santens and family on September 1, 2016. Andres reported revenues of €31.1 million and EBITDA of €0.7 million for a 15 month period ended March 31, 2016. Isabelle Santens will retain the management of the structure for a time to prepare the arrival of a new manager. Véronique Gillis of PricewaterhouseCoopers provided financial due diligence, Ludo Demeulenaere of Lievens & Co acted as legal advisor to Damartex. Damartex (ENXTPA:ALDAR) completed the acquisition of Andres Nv from Isabelle Santens and family on September 1, 2016.