Haniel acquires BauWatch from Nordian Capital
Franz Haniel & Cie (Haniel) has acquired 100 per cent of the shares of the European market leader for temporary outdoor security solutions BauWatch from Nordian Capital.
BauWatch, headquartered in Apeldoorn (The Netherlands), will be an independent business unit within Haniel’s "People" pillar, which bundles activities in the fields of security, health, and well-being.
"We are very happy with this acquisition; it is another milestone in transforming our portfolio towards sustainable businesses in high growth markets. With BauWatch we are acquiring the leader in an attractive, fast developing market," says Haniel CEO Thomas Schmidt: "The business model is in line with our investment focus and offers considerable potential for further development."
Spun out of Dutch construction group Visser Assen about ten years ago, BauWatch has almost single-handedly created the market for temporary outdoor security solutions. The company's access control, alarm and video systems are currently mainly used on construction sites; other application areas include open storage areas and company premises, parking lots and recycling areas.
“We are very excited about the acquisition of BauWatch, as it is the leading platform with a particularly strong management team in a fast-growing market. It fits Haniel perfectly as a long-term owner. For us, BauWatch is the ideal basis to build a European champion in temporary remote surveillance services. We aim to make substantial investments in the business to drive growth in the core markets and beyond, with additional acquisitions where possible,” says Stefan Zobel, responsible investment partner.
“This is an important milestone for BauWatch, with Haniel taking a long-term perspective on our company and our industry. We’ve always been very disciplined in developing and executing our roll-out, and with the support from Haniel we can now continue on our path towards further international growth,” says BauWatch CEO Maarten de Roos. The acquisition is expected to close already in March 2021.