FS-Systems in equity deal

March 2016 News

Broadreach Private Equity, in partnership with Grindrod Financial Services, has entered into an agreement to acquire an equity stake in FS-Systems. Broadreach Private Equity, a subsidiary of Broadreach Capital, is a specialist mid-market private equity investor, focusing on providing growth capital to businesses where it sees the potential for significant expansion.

From left to right: Rick Basson, executive director, Broadreach Private Equity; Cecil Meyer, projects director, FS-Systems; Carlo Klopper. MD, FS-Systems.
From left to right: Rick Basson, executive director, Broadreach Private Equity; Cecil Meyer, projects director, FS-Systems; Carlo Klopper. MD, FS-Systems.

“Broadreach is excited by the significant demand we see for FS-Systems’ products and services, particularly in the fields of advanced video surveillance and workforce management where market growth rates are forecasted to exceed 20% per annum. FS-Systems has had noticeable success in expanding its services outside of South Africa with cutting edge installations being completed in Latin America and the rest of Africa. These factors, together with their strong reputation and significant market share within the South African market, were a major attraction for us,” says Rick Basson, executive director of Broadreach Private Equity.

Carlo Klopper, MD of FS-Systems says, “We are impressed by Broadreach Private Equity’s substantial expertise in helping mid-market technology businesses grow and its solid M&A experience. We consider Broadreach the ideal partner to assist us in pursuing our growth agenda and in developing further value-adding solutions for our clients. We are fascinated by the way that the power of the Internet of Things is changing the electronic security and safety industry, and with Broadreach on board we will continue to develop the expertise required to position ourselves as leaders in smart and secure cities. Broadreach has recognised the sound expertise of our team and we look forward to welcoming them to the next chapter for FS-Systems, which will see us build on our 45 years of success.”

Leo Slootmans, outgoing CEO, states, “It has been an incredible 25 years with FS-Systems. I have full faith in the management and Broadreach Private Equity’s ability to build on FS-Systems’ legacy as a major player in the electronic security space and I wish Carlo, Cecil and the team all the best.”

Broadreach Private Equity and FS-Systems’ senior management will now jointly control FS-Systems, resulting in a blend of industry experience, operational capability, strategic input and financial resources at a shareholder level.

For more information contact [email protected] or 087 828 0428.



Credit(s)




Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Unrecoverable encrypted data
News Cyber Security
Cybersecurity research indicates that 76% of organisations admit to paying ransomware criminals, however, one-third are still unable to recover data.

Read more...
Kaspersky invests in development of neuromorphic processors
News IT infrastructure
Neuromorphic processors’ field of application is acceleration of the hardware used in the latest generation of artificial intelligence systems, which are based on spiking neural networks (SNN) training, which is more akin to biological interactions.

Read more...
Security BIS named AxxonSoft’s Distributor of the Year 2021
News CCTV, Surveillance & Remote Monitoring
With its focus on AxxonSoft solutions and technical support, Security BIS secured the title of AxxonSoft Distributor of the Year again for 2021.

Read more...
Infinidat enhances channel support
News IT infrastructure
Infinidat drives go-to-market strategy with new global partner portal and expands channel sales with Storage-as-a-Service in ArrowSphere.

Read more...
The Handbook of Security’s third edition has been published
News
The third edition of the Handbook of Security, edited by Perpetuity Research director Martin Gill, has been published, containing 45 contributions from leading global scholars.

Read more...
GJD announces new SMT Machine
News Perimeter Security, Alarms & Intruder Detection
GJD will now be able to complete the manufacture of its products in-house, and thereby significantly decrease the business’ carbon footprint while increasing employment opportunities.

Read more...
Smart home devices market growing across META
Smart Home Automation News
The Middle East, Turkey, and Africa (META) smart home devices market continues to register significant gains on the back of increasing awareness and improving end user experiences, according to the latest insights from International Data Corporation.

Read more...
How to react in an armed robbery or home invasion
Fidelity Services Group Security Services & Risk Management News
How you react when faced with a nervous, gun-toting criminal can save your life, or cost you your life; all family members need to know what to do in such circumstances.

Read more...
To be or not to be, is that the objective?
Iris AI Editor's Choice CCTV, Surveillance & Remote Monitoring News
Gerhard Furter joins a discussion on the nature of sentience in artificial intelligence. Do we actually know what sentience is, or are we overestimating our human capabilities?

Read more...
From the editor's desk: The last CCTV Handbook
Technews Publishing News
Welcome to the CCTV Handbook 2022, I hope the headline caught your eye. This really is the last CCTV Handbook Hi-Tech Security Solutions will ever produce, but it is not the last handbook about surveillance ...

Read more...