Franz Haniel & Cie (Haniel) has acquired 100 per cent of the shares of the European market leader for temporary outdoor security solutions BauWatch from Nordian Capital.
BauWatch, headquartered in Apeldoorn (The Netherlands), will be an independent business unit within Haniel’s “People” pillar, which bundles activities in the fields of security, health, and well-being.
“We are very happy with this acquisition; it is another milestone in transforming our portfolio towards sustainable businesses in high growth markets. With BauWatch we are acquiring the leader in an attractive, fast developing market,” says Haniel CEO Thomas Schmidt: “The business model is in line with our investment focus and offers considerable potential for further development.”
Spun out of Dutch construction group Visser Assen about ten years ago, BauWatch has almost single-handedly created the market for temporary outdoor security solutions. The company’s access control, alarm and video systems are currently mainly used on construction sites; other application areas include open storage areas and company premises, parking lots and recycling areas.
Source: Private Equity Wire
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