Renzenbrink & Partner advises Sansidor on the acquisition of flex-sec

Renzenbrink & Partner advised Sansidor GmbH (Sansidor) on the acquisition of flex-sec GmbH & Co. KG (flex-sec) and the complete takeover of GBS – Gesellschaft für Betriebssicherheit mbH (GBS), in which flex-sec previously held a minority interest.

Flex-sec and GBS are renowned providers of services in the field of electrical occupational safety in the greater Stuttgart area and operate throughout Germany, particularly for blue-chip customers in the retail sector, with more than two million individual inspections already carried out nationwide.

Sansidor Group was founded in the Netherlands in 2018 following the acquisition of several TIC companies (Testing, Inspection and Certifications) by HC Partners. Since then, the group has grown rapidly and now consists of more than 20 companies in the Netherlands and Germany with over 400 employees. Its business activities focus on testing in the areas of fire safety, electricity, water, air and occupational health and safety. Since 2024, funds advised by IK Partners hold a majority stake in the Sansidor Group alongside HC Partners.

The acquisition of flex-sec is the first of several planned acquisitions by the Sansidor Group in Germany. Renzenbrink & Partner regularly supports foreign companies with acquisitions on the German market as well as reinvestments in German and local investment programs offered to founders and selected managers. Renzenbrink & Partner provided comprehensive legal advice to Sansidor on the acquisition of flex-sec and the sellers’ re-investments in Sansidor Group with a team consisting of Dr. Niels Maier (Private Equity), Dr. Alexander Haunschild (Private Equity); Moritz Rojek (Private Equity) and Dr. Andreas Sandberger (Private Equity).