PE-backed Wemas acquires Gerding

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

The previous owner of Gerding, Thomas Gerding, will acquire shares in Wemas in the transaction.

Wemas said in a statement that it will gain new products, distribution channels and customers in new regions as a result of the acquisition. The company reported increased revenues of €39m for 2017, up from €34m in 2016.

Company
Gerding is a provider of road safety equipment, headquartered in Senden, Germany. It generated turnover of less than €2m in 2017 and employed less than 20 people, according to a corporate information portal.

People
Paragon Partners – Edin Hadzic (partner).
Gimv – Sven Oleownik (partner).
Wemas Absperrtechnik – Markus Schwinn (CEO).
Gerding Verkehrstechnik – Thomas Gerding (CEO).

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• Topics
• Expansion
• DACH
• Industrials
• Germany
• Build-up
• Buy-and-build
• Paragon Partners GmbH
• Gimv