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Table of Contents
Add-on: Castik Capital
Secure IoT Solutions Provider AddSecure Acquires Connecting Solutions BV
Backed by Castik Capital (majority) and Canada Pension Plan Investissement Board (minority), AddSecure (SEK1.3 billion of revenue in 2022, Uppland / SWE), a provider of secure IoT solutions used in the fields of buildings, alarms, transport and logistics, personal safety and security, elderly care, construction, municipalities, schools, emergency services and power grids, acquires Connecting Solutions BV (Flemish Region / BEL), a company offering fleet management solutions with vehicle location information (tracking and tracing). This acquisition not only strengthens AddSecure’s position in Belgium, but also enables it to develop its new Smart Mobility business unit.
Acquisition: Ufenau Capital Partners (UCP)
Ufenau Capital Partners Invests in Engineering Services Provider IPP Group
Through Ufenau Fund VII, Ufenau Capital Partners invests in IPP Group (Schleswig-Holstein / DEU), a provider of specialized planning and engineering services for infrastructure and energy construction projects such as construction and renovation of roads, water and wastewater systems, and hydrogen plants. Ufenau will help IPP Group to broaden its range of services, expand its workforce, accelerate its digitalization, and consolidate its market position.
Acquisition: Bpifrance Investissement
Bpifrance and Mubadala Invest in Building Certification Specialist SOCOTEC
Bpifrance and Mubadala acquire a minority stake in SOCOTEC (€1.35 billion of revenue in 2023, Île-de-France / FRA), a company specializing in inspection, measurement, assistance and advice, training solutions and certification (risk management, health, safety, environment (HSE) control), recognized for its expertise in monitoring the life cycle of buildings and equipment, aiming to ensure their compliance, extend their lifespan, and improve their technical, energy and environmental performance. Alongside historic investors COBEPA and CD&R, Bpifrance and Mubadala will support SOCOTEC’s next phase of growth.
Acquisition: H.I.G Capital
H.I.G. Capital Acquires Cleaning Services Provider USA DeBusk
H.I.G. Capital announces the acquisition of USA DeBusk (Texas / USA), a company that provides a wide range of mechanical and industrial cleaning services. Support from H.I.G. Capital will enable the company to expand its service offering and strengthen its presence in attractive geographies. H.I.G. Capital completed the acquisition from First Reserve, a shareholder of USA DeBusk since 2019.
