The hhpberlin group is the German market leader in the field of fire engineering and global pioneer in the field of public safety and smart cities. The highly innovative and digital services are in demand for the most important public buildings in Germany and developed across several offices with the headquarters being in Berlin.
Normec is listed on the Dutch stock exchange and specialises in testing, inspection, certification and conformity ("TICC"). Normec has a local presence in the Netherlands, Belgium as well as Germany and currently employs over 2,500 people in more than 30 locations.
Following transaction team facilitated the transaction for our client.
Saxenhammer remains our perfect partner when it comes to M&A. Throughout the entire process, Saxenhammer remained in full control and structured the next steps in the process. We were involved in all important questions - this is how we were able to win the best partner for the future of hhpberlin with Normec.
Through a competitive process, the team around Felix Engelhardt managed to find a partner in Normec that understood our vision and goals and actively helped in shaping them. The foundation for the successful transaction was the understanding of our visions, goals and wishes built up by team Saxenhammer in the search for a strong, innovative partner.
About the sector
The services sector in Germany accounts for three-quarters of all employed persons and generates around two-thirds of GDP, making it the largest and fastest growing economic sector in Germany. The market grew strongly in the last decade, often with double-digit growth rates. Optimal infrastructure, high productivity rates and highly qualified personnel make Germany an extremely attractive location for the provision of services.