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.
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.