Midway Holding acquires Novakorp Systems through HAKI
Midway Holding has, through its largest subsidiary HAKI, signed an agreement to acquire all of the shares in the French company Novakorp Systems SARL, with effect from 1 July 2022. Novakorp Systems perfectly complements the Safe Access Solutions business area with solutions for safe work at height. In addition to geographical expansion, the acquisition also provides opportunities for synergies with Safe Access Solutions’ supply chain.
Novakorp Systems develops, sells, and markets safety products for work at height. France is the largest market, where Paris dominates, and the main focus is new construction.
Novakorp Systems was founded in 2010 and today has 11 employees. The company’s headquarters are in Bordeaux with warehousing and logistics operations in Lyon.
– Novakorp Systems’ operations are similar to Vertemax, which Midway acquired in 2021, says Thomas Schüller CEO of HAKI. Novakorp Systems has a strong product portfolio for safe work at height and is thus an excellent complement to our existing operations within Safe Access Solutions.
– We see good synergies, mainly through opportunities for a joint supply chain with Vertemax and HAKI, says Thomas Schüller. It is with great pleasure that we welcome Novakorp’s employees to the HAKI family.
– We look forward to being a part of Midway and are confident that this will enable us to create even more value for our customers. With our joint product portfolio, we create a good platform for continued growth, says Novakorp’s founder and CEO Georges Simioni.
For more information contact:
Thomas Schüller, VD