Walkro International B.V.

Walkro International B. V. specializes in the sustainable collection and processing of horse and poultry manure, converting waste into high-quality compost and bedding solutions across Europe. Founded in 1991 and headquartered in Venlo, Netherlands, Walkro International B.

V. is engaged in transforming organic waste into valuable products. The company was acquired in December 2018 by Monaghan Mushrooms from its management and Gimv. Over its operational tenure, Walkro has successfully completed four deals, with the most recent deal occurring on December 10, 2018, during which it secured EUR 50.

00 mn in a Secondary Buyout round. Walkro specializes in the collection and processing of horse and poultry manure, transforming it into high-quality compost and straw bedding solutions. The company operates a pick-up service that caters to various geographical markets, including the UK, Ireland, the Netherlands, Belgium, and Germany. Their core offerings focus on waste management while providing eco-friendly alternatives for bedding, improving animal welfare and hygiene for users such as farmers, equestrian centers, and agricultural businesses.

Utilizing a multi-stage processing system, Walkro ensures its products meet rigorous quality standards, bolstering sustainable agricultural practices and facilitating efficient waste disposal. Walkro's revenue model is based on its compost and bedding services through B2B transactions primarily with agricultural enterprises and equestrian facilities. The company reported a revenue of EUR 90. 61 mn in the most recent financial year, with an EBITDA amounting to EUR 25.

09 mn. Walkro engages in direct contracts with clients, structuring service agreements that involve recurring collection schedules based on specific client needs, aligning pricing with the volume of manure collected and the services rendered. Walkro International B. V.

aims to continue its growth trajectory by enhancing its product offerings and expanding its market reach. The company plans to develop new eco-friendly products, although specific release dates have yet to be disclosed. Additionally, Walkro is targeting expansion into new markets, with a focus on increasing its presence in regions across Europe by the end of 2025. The recent funding of EUR 50.

00 mn will support these initiatives, ensuring sufficient resources for product development and market penetration efforts following its acquisition by Monaghan Mushrooms.