Hotraco owners Chris and Anny Beelen transferred ownership of their shares in the company. Diederik Fetter, Erick Gielen and Edwin van Rensch are now responsible for the day-to-day running of the company.

Gielen and van Rensch have both been employed at the company for several years in the roles of Financial and Operations Director, respectively. Diederik Fetter will be taking on the role of Managing Director. The change of management at the group of companies based in the Netherlands is the result of a management buy-in/buy-out transaction. The decision to continue with three directors was a joint one.

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Hotraco was founded by Chris Beelen and his wife Anny Beelen-Stappers in 1974. The company develops and produces automation systems for the agriculture and food industry.