svt Group merges with the Rolf Kuhn Group
Brussels, February 9, 2018 — svt Holding GmbH (“svt”), a portfolio company of Ergon Capital Partners III S.A. (“Ergon”), joins forces with the Rolf Kuhn Group, consisting of Rolf Kuhn GmbH and an indirect 90% interest in Rolf Kuhn Brandschutz GmbH, Austria, as well as Flamro Brandschutz-Systeme GmbH, Prüf- und Technikzentrum Brandschutz GmbH and Kuhn Service GmbH (the “Rolf Kuhn Group”).
The Rolf Kuhn Group, founded in 1976, is a leading German manufacturer of fire protection materials for the processing industry, especially the door industry, for complete systems in building services as well as fire protection accessories for the glazing industry. Flamro, a leading manufacturer of bulkhead systems, has also been part of the Rolf Kuhn Group since 2012, as has Brandchemie since 2016.
The merger of the Rolf Kuhn Group and svt creates a leading European supplier of fire protection products with the largest and most comprehensive product portfolio. Together, the group employs over 600 people and generates sales of approximately €150 million in over 60 countries. The Group has an extensive portfolio of over 400 national and international approvals
Mr. Jürgen Wied, as the responsible operational managing director in the companies of the Rolf Kuhn Group, looks back on 23 years of experience with the Rolf Kuhn Group and will continue to hold the operational responsibility. Mr. Harald Kuhn, as previous shareholder of the Rolf Kuhn Group, will contribute his valuable experience to the joint group within the framework of an advisory board position. Mr. Steffen Gerdau will lead the Group as CEO.
“After long and intensive deliberations on the solution for the succession of the Rolf Kuhn Group, I am convinced to have found the ideal partner in svt. The activities of the two companies, which have grown continuously in recent years, complement each other perfectly,” commented Harald Kuhn. Steffen Gerdau said, “I am looking forward to working with the employees of the Rolf Kuhn Group. svt and Rolf Kuhn complement each other ideally and I am convinced that together the new group will serve its customers even more successfully in the national and international markets.”
Wolfgang de Limburg, Managing Partner of Ergon, added: “We are very pleased to accompany svt and Rolf Kuhn in this important strategic step. We are convinced of the industrial logic of the merger and thank both management teams and Mr. Kuhn for their confidence in Ergon as a new shareholder.” Nils Lüssem, Partner at Ergon in Germany added: “The combined group forms a leading European market player in the attractive niche market of products for preventive passive fire protection. We are pleased to be able to support the combined group in the future.” — The merger is subject to the suspensive condition of antitrust approval.
About Rolf Kuhn Group
The Rolf Kuhn Group was founded in 1976 and has its headquarters in Erndtebrück in North Rhine-Westphalia. The Rolf Kuhn Group is a leading manufacturer of fire protection materials for the processing industry, especially the door industry, for complete systems in building technology as well as fire protection accessories for the glazing industry. With ~160 employees, the group distributes its products in Germany and internationally in ~60 countries in Europe, Asia, Africa and Latin America.
www.kuhn-brandschutz.com and www.flamro.de
svt was founded in 1969 and has its headquarters in Seevetal near Hamburg. svt is a leading supplier of products for preventive passive fire protection and their installation. In addition, svt is a full-service provider for damage restoration services following fire, water and natural hazards damage, as well as for the removal of pollutants. With ~450 employees, svt serves its customers through its nationwide network of 32 offices and through its subsidiaries in Singapore, Dubai and Poland. www.svt.de
About Ergon Capital Partners III S.A.
Ergon Capital Partners III S.A. (“Ergon”) is a leading middle market investor with ~€500 million of capital under management, predominantly financed by the family holding company Groupe Bruxelles Lambert (“GBL”). Ergon is a disciplined and discreet shareholder with “friendly” capital and a focus on professionalization, operational value enhancement and growth. Ergon is targeting equity investments of €25 million to €75 million in leading companies with sustainable competitive positions in Benelux, Germany, France, Italy, Spain and Switzerland. Ergon is advised by Ergon Capital Advisors with offices in Brussels, Madrid, Milan, Munich and Paris.
Since its foundation in 2005, Ergon has invested in 18 portfolio companies (5 in Benelux, 3 in Germany, 2 in France, 7 in Italy and 1 in Spain) as well as 31 additional acquisitions with a volume of € 3.0 billion.