Paragon, Gimv team up on Wemas buyout

Gimv announced the acquisition at the end of September 2017, but the investment from Paragon was not made public at this time.

Paragon and Gimv will each hold approximately half the shares, while a small remainder will be held by Wemas CEO Markus Schwinn.

Wemas was founded in 1971 and is headquartered in Gütersloh. It is a highway barrier engineering company, providing products including beacons, guardrails, lighting, foot plates and traffic cones to 1,000 clients. The firm currently employs 120 people at its headquarters and generated a turnover of €33.7m in 2016.

The company plans to expand into adjacent road safety markets and expand internationally, as well as grow its core DACH-based business. It will consider targeting acquisitions in adjacent segments.

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• Topics
• Buyouts
• DACH
• Industrials
• Paragon Partners GmbH
• Gimv