Nord Holding buys WEMAS

The investor plans to grow the company through expansion in neighbouring European markets such as Scandinavia and France.

The deal emerged from a succession plan in which private owner Siegfried Kwasny sold 100% of his shares to Nord Holding. Kwasny had been in close contact with Nord Holding for the past four years.

Nord Holding was attracted to the company as it is operating in a growing market, has a high potential sales volume and provides opportunities for optimisation.

Debt
A debt structure was arranged by WGZ Bank AG and Volksbank Gütersloh.

Company
WEMAS Absperrtechnik provides integrated and certified solutions in highway barrier engineering. Founded in 1971, the company offers beacons, guardrails, lighting, foot plates and traffic cones, among other products.

Currently the firm employs some 100 people at its headquarters in Gütersloh and has a turnover of €30m.

People
Matthias Kues, Phillipp Langrehr and Dorian Phillip Gensel worked on the deal for Nord Holding. Martin Klenner managed the debt for WGZ Bank and Thorsten Flues represented Volksbank Gütersloh.

Advisers
Equity - Oliver Wyman, Tobias Eichner, Carolin Klotz, Jan Sickmann, Wolfgang Weidner (Commercial due diligence); optegra:hhkl, Martin Franke, Jens Grimm, Karsten Schröder (Tax due diligence); KROHN Rechtsanwälte, Ulf Junge (Legal); Gottschald, Ulrich Demetz (Legal patent agent); Willis, Albert Höying (Insurance due diligence).

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• Topics
• DACH
• Buyouts
• Industrials
• Germany
• Nord Holding