February 15, 2016

Nordian Capital acquires majority stake in BouWatch

Since its founding in 2010, BouWatch has grown to become the market leading provider of temporary security solutions for outdoor locations, e.g. construction sites, industrial infrastructure, events or locations where high value goods need to be kept safe and secure. For this, BouWatch developed its own mobile security mast equipped with smart cameras, energy supply as well as the characteristic green lights. BouWatch provides for the connectivity between the camera mast and its own alarm management center, where incoming alerts are registered, analyzed and verified continuously, and from where, when necessary, follow-up services are dispatched. So far, BouWatch has effectively protected more than 10,000 locations across Europe. With her partners, BouWatch is active in Germany, Belgium, Scandinavia and the UK.

Until now, BouWatch has been part of Visser Assen Group, a full-service supplier for construction, infrastructure and related sectors. As of February 15th, Nordian Capital Partners has joined as the new majority stakeholder. The company is now positioning to move forward independently and achieve its ambitions for international growth. The current shareholders of Visser Assen will remain actively involved with the company and will work closely with Nordian to shape the future of BouWatch.

Maarten Visser, CEO Visser Assen: “With BouWatch, Visser Assen has been able to offer its customer base greater efficiency and control at the construction site, exactly what Visser Assen’s mission has been for more than 40 years – and will continue to be. BouWatch has become a household name for anyone who needs temporary security for an outdoor location in the Netherlands and in an ever growing list of other countries in Europe. The solutions we offer and our fully dedicated team of employees significantly reduce the risk of theft and so provide greatly increased security, cost savings and improved efficiency. With Nordian, the basis is formed for further growth in new markets and segments.”

BouWatch is a concept with many possible applications in a wide range of new markets and segments wherein people, valuable objects or buildings must be made secure either on temporary or on a semi-permanent basis, for example in real estate and vacant property management. With Nordian as its new partner, the company has strengthened the foundation for growth both in the Netherlands and abroad. In addition to this, management will be expanded by the accession of Maarten de Roos as the CEO. He will primarily focus on further growth and international expansion, strengthening and expanding the BouWatch concept, and developing the organisation.

Joost Verbeek, managing partner Nordian Capital: “We share the vision and enthusiam of the BouWatch team with respect to the potential possibilities and applications. Over the past 6 years, a very solid foundation has been laid for further growth in the area of smart camera security systems. Our investment in BouWatch signifies a clear commitment to realize this ambition together.”


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