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.

Talk to our advisor

Jan hatje
Jan P. Hatje Hamburg, Germany
Managing Partner
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Read more about the transaction, market trends, deal drivers and M&A valuation aspects

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