Investcorp acquires Minimax Holding

Investcorp, the global investment group, listed on the Bahrain stock exchange, has acquired Minimax Holding GmbH, an international fire protection systems specialist, based in Germany.

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By  Massoud Derhally Published  September 9, 2003

Investcorp, the global investment group, listed on the Bahrain stock exchange, has acquired Minimax Holding GmbH, an international fire protection systems specialist, based in Germany.

Minimax holds the leading market position in Germany for fixed fire protection systems and its customers in this sector include leading companies such as Siemens, BMW, DaimlerChrysler, Vodafone and Airbus. In 2002, Minimax generated approximately 70 percent of its sales in the German domestic market and 30 percent through export and foreign subsidiaries. Some 60 percent of its export sales are in the Gulf region, where the company is represented in Kuwait and the United Arab Emirates.

“Minimax operates in a stable growth industry sector. The world fire protection and prevention systems market was valued at approximately $16.8 billion in 2001,” said Salman Abbasi, Investcorp’s managing director.

According to Abbasi, Minimax’s market has grown each year (since 1994) at over 2%, which is a rate faster than that of general economic development.

“Minimax is ideally positioned both to build on its market leading position in Germany, as well as having significant international growth potential. We were also attracted by its strong and proven management team, technological leadership and record in innovation,” Abbasi added.

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