12.2023: German WEMAS partners with Sekisui Jushi Corporation (“SJC”) to pursue further expansion after successful growth journey alongside Paragon Partners (“Paragon”) and Gimv.
WEMAS Absperrtechnik (www.wemas.de) was established in 1971 and has grown into a full-range supplier of certified passive traffic safety products. The company is based in Gütersloh and employs more than 130 employees at two sites in Germany.
Under Paragon’s and Gimv’s ownership, WEMAS has strengthened its market leading position in traffic safety technology by making significant investments in product innovation, production automation and capacity expansion. As a result, the company has been able to launch new products and broaden its customer base, allowing it to accelerate growth both in Germany and abroad.
Dirk Gößling, CEO at WEMAS, concludes: “The management team is looking forward to continuing to offer innovative and market-leading solutions to our customers. In doing so, we will benefit from the complementary expertise and geographic presence of our new owner SJC.”
Centum Capital provides a public information, but was not involved in this transaction.