FS-Systems in equity deal

March 2016 News & Events

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:

Pentagon appointed as Milestone distributor
Elvey Security Technologies News & Events Surveillance
Milestone Systems appointed Pentagon Distribution (an Elvey Group company within the Hudaco Group of Companies) as a distributor. XProtect’s open architecture means no lock-in and the ability to customise the connected video solution that will accomplish the job.

Read more...
From the editor's desk: AI and events
Technews Publishing News & Events
      Welcome to the 2024 edition of the SMART Surveillance Handbook. Reading through this issue will demonstrate that AI has undoubtedly made its mark on the surveillance industry. Like ‘traditional’ video ...

Read more...
Forbatt SA to distribute and support Tiandy in South Africa
Forbatt SA News & Events
The big news in this year’s SMART Surveillance Handbook is that Forbatt SA has signed a new distribution agreement with Tiandy Technologies. This brand has had limited exposure and support in South Africa in the past, but has posted significant growth internationally.

Read more...
Introducing the SecuShot Bullseye Robotic Guard MK2
Secutel Technologies News & Events Surveillance
The SecuShot Bullseye Robotic Guard MK2 is a marvel of modern engineering. It integrates CCTV monitoring, remote-controlled PTZ capabilities, and a gas-powered marker into a single, compact unit.

Read more...
Gallagher Security’s Integrate Roadshow
Gallagher News & Events
Gallagher Security recently teamed up with nine technology partners to showcase the latest integrated security capabilities at the Integrate Roadshow in Durban, bringing together about 60 attendees, including end users, channel partners, consultants, and other industry professionals.

Read more...
Ransomware impersonates employees and self-spreads
News & Events
Following a recent incident, the Kaspersky Global Emergency Response team is shedding light on an attack where adversaries crafted their own variant of encryption malware equipped with self-propagation capabilities.

Read more...
Level of RDP abuse unprecedented
Sophos News & Events
Cybercriminals abused Remote Desktop Protocol (RDP) in 90% of attacks handled by Sophos Incident Response in 2023, Sophos’ newest Active Adversary Report finds. External remote services were the number-one way attackers’ initially breached networks.

Read more...
Hexagon rebrands Qognify
News & Events
Hexagon’s Safety, Infrastructure & Geospatial division announced that Qognify has officially adopted the Hexagon corporate identity and fully integrated into the division as the physical security business unit.

Read more...
Five efficiency strategies for your security installation business
Securex South Africa News & Events
A recent conversation with one Securex South Africa 2024 exhibitor, led to the event organisers being able to share some advice on helping security installers make their businesses more efficient.

Read more...
Sophos celebrates partners and cybersecurity innovation at annual conference
News & Events Information Security
[Sponsored] Sun City hosted Sophos' annual partner event this year, which took place from 12 to 14 March. Sophos’ South African cybersecurity distributors and resellers gathered for an engaging two-day conference.

Read more...