Midway Holding acquires Novakorp Systems through HAKI
Midway Holding, through its largest subsidiary HAKI, has signed an agreement to acquire all shares in the French company Novakorp Systems SARL, effective July 1, 2022. Novakorp Systems perfectly complements the Safe Access Solutions business area with solutions for safe work at high height. In addition to geographic expansion, the acquisition also provides opportunities for synergies with Safe Access Solutions' supply chain.
Novakorp Systems develops, sells and markets safety products for work at height. France is the largest market, with Paris dominating, and the main focus is new construction.
The company's turnover in 2021 was approximately SEK 70 million. Novakorp Systems was founded in 2010 and the company's headquarters are in Bordeaux with warehouse and logistics operations in Lyon.
Novakorp Systems' operations are similar to Vertemax, which Midway acquired in 2021. Novakorp Systems has a strong product portfolio for safe work at height and is thus an excellent complement to our existing operations within Safe Access Solutions. We see good synergies on the cost side, mainly through opportunities for a joint supply chain with Vertemax and HAKI. The acquisition is a step in our ambition to consolidate a fragmented market. It is with great pleasure that we welcome Novakorp's employees to the HAKI family.
- Thomas Schüller, HAKI's CEO
We look forward to becoming part of HAKI and are convinced that this will enable us to create even more value for our customers. With our joint product portfolio, we create a good platform for continued growth.
- Georges Simioni, Novakorps founder and CEO
FOR MORE INFORMATION CONTACT:
Thomas Schüller, CEO HAKI
Mail: thomas.schuller@haki.se
Tel: +4748222591