PE Deals

Rheingold acquires two European cybersecurity firms

The firm has acquired SIM and ATECS from Zech Group.

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  • CEA will support Rheingold as a strategic advisor
  • SIM and ATECS will expand its business activities as a one-stop-shop supplier for the intelligence community
  • Rheingold is an industrial holding firm that invests into mid-sized companies across Western Europe

Rheingold Capital, an affiliate of CEA Group, has acquired 100 percent of Secure Information Management (SIM) and ATECS from Zech Group.

Neustadt, Germany-based SIM Group is a manufacturer and supplier of advanced, customised electronic technology solutions for cybersecurity and intelligence applications. The firm’s advanced digital services are offered across Europe, the Middle East, Asia as well as South and Central America.

ATECS, headquartered in Zug, Switzerland, is a manufacturer and provider of professional video, audio and special technology products.

Post the transaction, SIM and ATECS will expand their business activities as a one-stop-shop supplier for the intelligence community across all relevant international markets, according to a release.

“We will aim at capturing further expansion opportunities and enlarge the business footprint based on the company’s unique know-how and benefit from the fast-growing market for such solutions,” said Henning Walf, managing partner of Rheingold Capital.

CEA will support Rheingold as a strategic advisor, according to Rick Michaels, chairman at CEA.

“We will be looking at the opportunities for international expansion through both organic group acquisitions and international joint ventures where the markets would be appropriate for these types of services,” Michaels added.

CEA is a provider of investment banking services headquartered in Tampa, Florida. The firm has completed over 1,000 transactions totalling over $60 billion in more than 60 countries.

Headquartered in Altendorf, Switzerland, Rheingold Capital is an industrial holding company that invests into mid-sized companies across Western Europe. It has offices in Germany, Switzerland, The Netherlands, and Spain.