Nieke Roos
4 July

Nedap has entered into exclusive negotiations for the sale of its French branch. The Groenlo-based company owns a 49.8 percent stake in Nedap France, a security systems integrator from Éragny, near Paris. All shareholders have received a binding offer from the French investment fund, B&Capital, and have decided to sell. The transaction will earn Nedap about 14 million euros in net proceeds and is expected to be closed before the end of the year.

Credit: Nedap

This constitutes the next step in Nedap’s strategy of focusing on the development and sale of proprietary products and solutions. The divested company will remain a key business partner in France for the Security Management and Retail business units in Groenlo. With the sale to B&Capital, it would be entrusted to a shareholder committed to further expanding in the French security, retail and libraries markets. Nedap France posted a revenue of 27.5 million euros in 2018.