AURELIUS Growth Investments’ Portfolio Company G&N Acquires SSP Schwachstrom-Partner, Expanding its Operations to Hamburg and Berlin
- Acquisition as Part of a Buy and Build Strategy
On February 12th, 2021, G&N Gefahrenmelde- und Nachrichtentechnik GmbH („G&N“), a portfolio company of AURELIUS Wachstumskapital SE & Co. KG (“AWK”, “AURELIUS Growth Investments”) has acquired SSP Schwachstrom-Partner GmbH (“SSP”). As G&N, SSP plans, installs, and provides services in the areas of technical building equipment focusing on fire protection, building security, IT and telecommunication technology. The company generates a high revenue share through maintenance and service activities. SSP is based in Hamburg (headquarter) and Berlin. The acquisition of SSP underlines the approach of AWK to actively expand portfolio companies through acquisitions of market participants.
Nico Vitense, Managing Partner of AWK, commented: “SSP Schwachstrom-Partner has established itself as a leading regional provider of fire alarm systems, security technology as well as IT and telecommunications technology in the cities of Hamburg and Berlin. We look forward to spurring the growth of G&N Group, together with the team including managing directors Stefan Carle and Lars Habermehl from G&N and Carsten Servais and Christian Arndt from SSP. “
Carsten Servais added: “Together with G&N and AWK, we have new opportunities for future growth and the implementation of new ideas.”
Stefan Carle, CEO of G&N Group, underlined this aspect: “Together with Carsten Servais and Christian Arndt, we seek to pursue new growth opportunities and to further develop our group for premium building technology both organically and through additional acquisitions. We are very pleased about this transaction.”
On behalf of AWK, the transaction was led by Nico Vitense (Managing Partner), Jan-Willem Rahnenführer (Investment Manager) and Martin Brüggemann (Senior Investment Associate). The team was supported by Ebner Stolz (Jörg Schoberth and Daniel Feiter, Financial and Tax Due Diligence) and Kuzaj Wittmann & Partner (Hans-Jörg Wittmann, Legal Due Diligence and Legal Advice).
For over 40 years, SSP has been a leading regional provider of technical building services in the areas of fire alarm systems, building security as well as IT and telecommunications technology. In total, the company employs over 80 employees in Hamburg (headquarter) and Berlin.
About AURELIUS Wachstumskapital
As part of the AURELIUS Group, AURELIUS Growth Investments focuses on Buy and Build and buyouts/succession solutions. AURELIUS Growth Investments’ current portfolio comprises a total of eight platform companies. In addition to capital for investments and growth, AURELIUS Growth Investments supports the management of its portfolio companies through its extensive entrepreneurial experience and helps to implement growth initiatives and realise operational potential.
Contact Person on the transaction
Mobil +49 162 239 00 70