CWG takes over 100% of Sensowater GmbH & Co KGCWG takes over 100% of Sensowater GmbH & Co KG

CWG takes over 100% of Sensowater GmbH & Co KG

January 12, 2022
CWG takes over 100% of Sensowater GmbH & Co KG

Vero Project S.p.A. ("Vero Project"), a company of the FORUM Family Office ("FORUM") Group, has acquired a majority stake in Syscam S.r.l. ("Syscam"), based in Florence, Italy. Founded in 1993 by Paolo Collini and Riccardo Alberighi, Syscam has 6 employees and a turnover of around € 2 million.

The company is a reseller ("VAR") of AD-CAM software. Its main product is "VISI", software from the Swedish company Hexagon AB. Vero Project is the largest VAR of VISI in Italy, Syscam is number 2: together, the tandem is the market leader in software for mold makers. Syscam serves around 200 customers in central Italy, with a regional focus on Tuscany and Umbria.

Syscam is FORUM's third investment in Italy and strengthens its commitment in our country. It is the fifth investment this year in the European software market.

As always, the investment ensures continuity: the management, the employees, the location and the successful partnership with Hexagon will be retained and further expanded. In addition, Vero Project will support Syscam with its network and expertise in the long-term growth of the company and in strengthening the product offering by up-selling other software products to existing customers.

Transaction message

CWG takes over 100% of Sensowater GmbH & Co KG

CWG Watertechnology GmbH ("CWG"), a company of the water division of FORUM Family Office GmbH ("FORUM"), has acquired 100% of the shares in Sensowater GmbH & Co.KG ("Sensowater"), based in Viernheim, as part of the entrepreneurial succession. Sensowater trades in components, apparatus and accessories for water treatment and, like CWG, supplies exclusively the specialised trade / resellers.

Sensowater was founded by Holger Kirch and Gerd Künzel in 2005. In the 2021 financial year, turnover was around €1.5 million.

The proven team in Viernheim with 6 employees will be taken over completely and will continue to perform the same functions. Holger Kirch is available for a transitional period to ensure continuity. In the medium term, the Viernheim location with all employees is to be transferred to CWG in Mannheim - the two companies are only about 13km apart.

Sensowater's customers thus retain their proven contact persons. At the same time, they also gain access to CWG's full range of products and services and, in addition, the security that a larger group offers in terms of purchasing and delivery capability.

Comment by founder Holger Kirch:

"sensowater is now back under the umbrella of CWG, from which it was founded in 2005 by Gerd Künzel and myself. All employees will be taken over experience and sensowater's proven corporate strategy of close customer proximity. customer proximity and loyalty to the trade continue. This solution not only allows sensowater to live on in a new mantle, but also offers all customers and employees the best security for an innovative future."

sensowater is FORUM's sixth investment in the water technology sector. FORUM and its holdings are looking for other family businesses in this sector that are looking for a partner as part of a succession solution that guarantees the preservation and careful further development of their life's work.

Company succession at Forum Family Office

FORUM Family Equity offers family businesses individual succession solutions that ensure the long-term success and identity of the company. As a family equity investor, FORUM focuses on sustainability, employee development and cooperation based on trust. In contrast to corporations and private equity funds that aim for quick profits, FORUM builds long-term partnerships and protects the value of the company. Find out how FORUM supports your company in successfully continuing your life's work.

COMPANY SUCCESSION with FORUM FAMILY OFFICE
Forum Family Office sign of the entrance in Munich