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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.
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.
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