NORD Holding Unternehmensbeteiligungsgesellschaft mbH is acquiring 100% of the shares of WEMAS Absperrtechnik GmbH, a Gütersloh, Germany-based provider of integrated and certified solutions in highway barrier engineering, from Siegfried Kwasny.
As part of the transaction, whose amount was not disclosed, the current management has also received shares in the company.
Founded in 1971 by Mr. Kwasny, WEMAS provides beacons, guardrails, lighting, foot plates and traffic cones as well as other products. The company has approximately 100 employees and achieves a turnover of approximately €30m.
NORD Holding will help WEMAS pursue a growth strategy in Germany as well as in neighbouring European markets.