svt Group has acquired AIK Flammadur Brandschutz (AIK), a manufacturer of passive fire protection products and systems. Financial terms of the transaction have not been disclosed.
Established in Seevetal/Hamburg in 1969, svt is a leading passive fire protection and restoration management company in Germany. The Group operates in two segments – passive fire protection (“PFP”) and restoration management (“RM”), which share know-how and experience. svt has in total a network of 22 branches in Germany, local presence in Poland and Russia and a large international partner network.
IK Small Cap I Fund, advised by IK Investment Partners, is majority shareholder of svt since July 2015.
“AIK has a 100 year history and presence in the PFP market, a complementary product portfolio and a strong organisation, allowing us to further develop our offering and network of distributors. In addition, AIK is active in the shipping industry which enables us to benefit from an experienced team and an existing customer network. AIK will support us in our aim of improving fire safety in society, and we are very excited to team up with Jörg and his team,” says Steffen Gerdau, CEO of svt Group.
“We develop and manufacture passive fire protection products that meet the highest legal and technical standards. Looking ahead, we are confident in our new partnership with svt, and we are excited to work alongside them as we continue to develop new, future-oriented safety systems of the highest quality together,” says Jörg Hansen, CEO of AIK.
