Creating the European champion in the IoT market
Deal Flash
SECO S.p.A., a key player in the fields of technological innovation, internet of things (IoT) and artificial intelligence solutions, has entered into a binding agreement to acquire the entire share capital of Garz & Fricke Holding GmbH (G&F) from the financial investor Afinum Management GmbH and minority shareholders.
Founded in 1992 and based in Hamburg, Germany, G&F is a leading supplier of standard and custom edge human-machine interface (HMI) solutions, and a tailored ecosystem of IoT, software and payment solutions.
This combination is an ideal strategic fit and will allow our customers to benefit from the development of a wider product offering and improved operations, by integrating the existing G&F solutions into SECO’s technological and operational platform.STEFAN HECZCO, CEO, GARZ & FRICKE HOLDING GMBH, GERMANY
Oaklins assists in finding the right partner
Oaklins’ team in Germany acted as advisor to the sellers. The team’s knowledge of the company and a personal relationship with the founders and Afinum, from the previous buyout process in 2017, were crucial in successfully closing the transaction in a short time frame.
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