SIMONSWERK enters a new product segment with the acquisition of the Italian Colcom Group from Wise Equity SGR
SIMONSWERK GmbH, a leading supplier of high-quality hinges and hinge systems for doors, has acquired the Colcom Group S.p.A. from the Italian private equity company Wise Equity SGR S.p.A. with immediate effect.
Colcom was founded in 1961 by Ezio and Sergio Collio and is based in the Italian town of Nave (Brescia). The business of Colcom Group is related to the development, production and distribution of hinges and fittings for glass doors. It is a market-leading company in the segment for hydraulic hinges with damping and closing functions. Colcom was acquired by Wise Equity in 2014. As part of the strategic development of the company, the French company Sadev, a producer of fittings for external glass systems such as façades, parapets and balustrades was purchased in 2017.
The Colcom Group employs a total of 135 employees and generated turnover of about 27 million euros in 2018 with sales in more than 50 countries around the world. Colcom has production sites in Nave as well as several international distribution companies (Canada, Spain, Benelux). The French company Sadev is located near Annecy in France and has subsidiaries in Switzerland and the US.
Focused product portfolio Expansion
Following the acquisition of a majority stake in ANSELMI & C. S.r.l., a producer of concealed hinges for lightweight doors, the takeover of the Colcom Group S.p.A. secures a further major step in expanding the SIMONSWERK product portfolio.
Michael Meier, Managing Director of SIMONSWERK Germany says “We are continuing the international expansion of SIMONSWERK. The products and the team of Colcom complement our extensive portfolio of hinges with regard to the segment of glass doors. In addition, Sadev allows us to expand our product range to glass fittings for outdoor use on facades, parapets and balustrades.
