Press release


Munich & Antwerp, December 8th, 2023, 12:00 CET



WEMAS partners with Sekisui Jushi Corporation (“SJC”) to
pursue further expansion after growth journey alongside Gimv
and Paragon Partners
Gimv, Paragon Partners (“Paragon”) and its minority investors are to sell 100% in
WEMAS to Sekisui Jushi Corporation.

WEMAS (www.wemas.de) was established in Paragon and Gimv were supported throughout
1971 and has grown into a full-range supplier of the transaction by Alvarez & Marsal (financial),
certified passive traffic safety products. The Reed Smith (legal), KPMG (tax) and William Blair
company is based in Gütersloh and employs (M&A).
more than 130 employees at two sites in
Germany. The transaction has no significant impact on
the Net Asset Value of Gimv as of 30 September
Under Gimv’s and Paragon’s ownership, 2023. Over the entire holding period Gimv
WEMAS has strengthened its market leading realizes a return in line with the long-term
position in traffic safety technology by making portfolio return target. No further financial
significant investments in product innovation, details will be disclosed.
production automation and capacity
expansion. As a result, the company has been
able to launch new products and broaden its
customer base, allowing it to accelerate
growth both in Germany and abroad.

Maja Markovic and Ruben Monballieu, both
Partner Sustainable Cities at Gimv, say:
“WEMAS is a European market leader with an
innovative product range and state-of-the-art
production in Germany. We are proud of the
company’s international growth during our
holding period.”

Dr. Edin Hadzic, Founding Partner at Paragon
Partners, adds: “We would like to thank the
management team at WEMAS for their
commitment and drive in executing this
successful growth story.”

Dirk Gößling, CEO at WEMAS, concludes: “The
management team is looking forward to
continuing to offer innovative and market-
leading solutions to our customers. In doing so,
we will benefit from the complementary
expertise and geographic presence of our new
owner SJC.”




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 1
Munich & Antwerp, December 8th, 2023, 12:00 CET Press release




About Gimv About WEMAS


Gimv is a European investment company, listed WEMAS Absperrtechnik GmbH is a full-range
on Euronext Brussels. With over 40 years' provider of certified passive mobile road safety
experience in private equity, Gimv currently has equipment. The company supplies both
EUR 1.6 billion of assets under management. The wholesalers and roadwork safety service providers
portfolio contains around 60 portfolio companies, who are in charge of road safety, infrastructure,
with combined turnover of EUR 3.7 billion and and construction markets, predominantly in the
more than 20,000 employees. DACH region. Further information on WEMAS can
be found on www.wemas.de.
As a recognized market leader in selected
investment platforms, Gimv identifies
entrepreneurial, innovative companies with high
growth potential and supports them in their
transformation into market leaders. Gimv's five
investment platforms are Consumer, Healthcare,
Life Sciences, Smart Industries and Sustainable
Cities. Each platform works with an experienced
team across Gimv’s home markets of Benelux,
France and DACH, supported by an extended
international network of experts.

Further information on Gimv can be found on
www.gimv.com.

For further information please contact:

Maja Markovic, Partner Sustainable Cities
T +49 89 44 23 275 18 – maja.markovic@gimv.com

Ruben Monballieu, Partner Sustainable Cities
T +32 3 290 21 20 – ruben.monballieu@gimv.com




Gimv NV - Karel Oomsstraat 37, 2018 Antwerp, Belgium - T +32 3 290 21 00 - www.gimv.com 2