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Wise Equity SGR announces the sale of Colcom Group to Simonswerk

We are glad to inform you about a further important step in the development of our Group.

 

After an exciting four years period since the acquisition of Colcom Group from Wise Equity, in which we were capable to double our turnover, Colcom Group has been acquired by SIMONSWERK GmbH, and it is now beginning a new challenging journey.

SIMONSWERK is fully complementary to the Colcom Group and Sadev business. Both groups are sure about the many synergies we have. Cooperation will allow the new group to boost its international growth, consolidating a strong leadership in the markets of high-end hinges for wood and glass, point fixing for glass and balustrades.

SIMONSWERK employs more than 600 people with 122 million euro turnover, while Colcom Group achieved 27 million euro in 2018 with 135 employees. One of the key elements at the base of the acquisition is the recognition of the high quality of the group human capital.

Download the press release