Amsterdam – Corporate Finance International (“CFI”) is delighted to announce that it has acted as the exclusive corporate finance advisor to CWS Fire Safety, part of CWS Group, in the acquisition of Wardenburg Beveiliging (“Wardenburg”).
CWS Fire Safety contributes to creating a healthier and safer tomorrow. As a full-range supplier of fire protection and safety solutions within all types of buildings, CWS Fire Safety focuses on high-quality and reliable service, as well as personal support and customer proximity. After acquiring 24 companies in the past 30 months the company already operates from more than 20 locations accross Europe.
CWS Fire Safety is a brand of CWS Group. The group has approximately 11,000 employees in 15 countries. In 2020 the company achieved a turnover of c. EUR 1.2 billion. CWS Group is a portfolio company of Franz Haniel & Cie. GmbH.
Wardenburg, located in Kolham near Groningen in the Netherlands was founded in 1982 and employs around 90 people. The company focuses on the installation and maintenance of fire alarm systems and security technology including intrusion detection systems, video surveillance and access control systems. Just like CWS Fire Safety, Wardenburg offers all-round service, from consulting and planning to installation and commissioning to maintenance and repair.
In June 2021 CWS Fire Safety entered the Dutch market with the acquisition of Hefas Brandbeveiliging. “The Netherlands is an important market for CWS Group, where we already have many existing customers. With the second Dutch acquisition, we are taking a further step to also offer our existing and new customers in the Netherlands installation, maintenance and repair of a broad portfolio of products in the field of fire safety and security from a single source,” says Mr Ulrich Schild, General Manager of CWS Fire Safety. Additional acquisitions in the Dutch market are planned.
CFI initiated the discussions with Wardenburg, which ultimately resulted in a successful transaction closed on 1 August 2021. Mr Daniel Koller, Lead M&A at CWS Fire Safety, commented on CFI’s role in the transaction: “Together with CFI, we are expanding our fire safety and security businesses in the Netherlands. CFI plays an important role in our pipeline building, approaching candidates, and conveying the CWS vision of Fire Safety in buildings. Commitment, leadership and creativity of CFI allowed us to smoothly navigate through the process and complete multiple transactions in a short timeframe. CFI was able to create and establish a trusted relationship with Wardenburg and assist all stakeholders during this acquisition.”
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