02.09.2011

NORD Holding acquires WEMAS Absperrtechnik GmbH

NORD Holding acquires WEMAS Absperrtechnik GmbH

As part of his succession planning, the businessman Siegfried Kwasnyis selling 100% of the shares in WEMAS Absperrtechnik GmbH, Gütersloh, to NORD Holding Unternehmensbeteiligungsgesellschaft mbH, Hanover. The parties have agreed not to disclose financial details. The current management has also received shares in the company as part of the transaction.

WEMAS Absperrtechnik GmbH was founded by Mr. Kwasny in 1971 and has since evolved to become the market leader in Germany forintegrated and certified solutions in highway barrier engineering. The product range mainly comprises beacons, guardrails, lighting, foot plates and traffic cones as well as other products. With approximately100 employees at its headquarters in Gütersloh, WEMAS achieves aturnover of approximately €30 million. NORD Holding is pursuing a growth strategy with WEMAS in Germany as well as in neighbouring European markets.

"WEMAS has undergone an impressive corporate development in recent years. As the market leader in Germany and provider of high-quality highway barrier products, the company offers an excellent platform for company growth to continue. A future priority is the mobilization of foreign markets for traffic safety products," saidMatthias Kues, CEO and spokesperson at NORD Holding, in Hanover today.

"I have been in close contact with NORD Holding for over four years. For me and for my plans in life, now is the right time to sell the company. Beside the purchase price, it was of course crucial for me to pass the company into the "right hands". Together with the management, I am convinced that we have found in NORD Holding an expert investor for the company's next phase of growth," saidSiegfried Kwasny about the motives for the sale.

Unlike most other financial investors, who manage funds only temporarily, NORD Holding acts as an "evergreen" without any time restrictions. This gives the associate companies the opportunity to develop without outside time pressure and to achieve their growth potential.

NORD Holding has been one of the leading private equity investors for large medium-sized enterprises for over 40 years. The focus of the company's work lies in the structuring and financing of corporate successor models, (part) acquisitions of subsidiaries and financing the expansion of medium sized businesses. NORD Holding's shareholders are several north German savings banks and public insurers.

This site is optimized for viewing in portrait mode.
Please rotate your device.