10-02-2020 IPCOM Group strengthen its German presence by acquiring the Seidemann Group
IPCOM NV has acquired 100% of the shares of the Seidemann Group. The acquisition complements IPCOM’s existing position in Technical Insulation in the German B2B market.
The Seidemann group is a well-established specialist distributor, focusing on technical insulation on the German market.
Seidemann Group, with the Headquarter in Munich, was founded in the year 1979. Today the company operates 6 branches in South and East Germany.
Head of the Seidemann Group, Mr Jörg Seidemann, said: "With this strategic decision, we are securing the long-term development of the company and positioning ourselves optimally in terms of the growing demands in the areas of digitalization, logistics and marketing. As Managing Director, I will continue to contribute my personal strength and expertise for the benefit of the company and be the contact person for my employees and customers. Furthermore, I am convinced that the cooperation with other IPCOM companies will enable us to differentiate us further on the market. We share the same views and we see a lot of opportunities to grow further supported by the strengths and experience of IPCOM”.
Remco Boerefijn, IPCOM Group CEO said: “Acquiring the Seidemann Group will strengthen our position in the German technical insulation market. We are proud that they join us and that we were able to convince Mr Seidemann about our strategy and future plans. Seidemann brings a lot of experience and know-how to our group, which will help us to grow further, but most importantly will be of benefit for our existing and future customers”.