SecurityWorldMarket

22/10/2024

Wagner acquires majority stake in AFI Solutions France

Langenhagen, Germany and Paris, France

Tortsten Wagner, shareholder and managing director of the Wagner Group Image courtesy of the Wagner Group

The Wagner Group GmbH is acquiring a majority stake in A.F.I. Solutions, based in Saint Ouen l'Aumône, Greater Paris, France, thus continuing its expansion in the European economic area.

A.F.I. has established itself as a fire protection provider in the French market over the last 16 years and has grown successfully on its own in recent years. In addition to sprinkler and water spray extinguishing systems, the system portfolio also includes foam extinguishing systems, gas extinguishing systems and powder extinguishing systems, container/skid systems and special constructions. The family-owned company, which currently has 29 employees, will be integrated into the Wagner Group as an independent subsidiary. The brand name A.F.I. Solutions will be retained for the time being.

"Our Wagner 2026 strategy is a growth strategy. To ensure annual growth, we are focusing primarily on our continued, consistent internationalisation. In addition to North America and the Asia/Pacific economic region, we are also focusing on strengthening our market position within Europe. As the third largest economy in Europe, France is of central importance to us," comments Torsten Wagner, shareholder and Managing Director of Wagner Group GmbH, on the successful transaction and the associated market entry. "It was important to us that we gain a company for the group that has a solid market position, can continue to grow under its own steam and shares the same values as we do as a family business. We have found these requirements in A.F.I. Solutions and are very pleased to be able to continue our successful future growth with an experienced team in France," Torsten Wagner continues.

Jérôme Menard, owner of A.F.I. Solutions, will remain with the new Wagner subsidiary as Managing Director and minority shareholder: "By combining our respective strengths, the management of Wagner Group GmbH and I see great opportunities for growth in France," adds Jérôme Menard. "We will initially continue our existing business unchanged with the support of the Wagner Group. In the future, we plan to profitably integrate our portfolio of solutions and services into the group. We are also looking forward to being able to offer our customers in France a more comprehensive range of services thanks to Wagner's complementary portfolio of solutions and services," Jérôme Menard continues.

Wagner plans to continuously and actively support the integration and further development of the new subsidiary into the Group from its headquarters in Langenhagen. As with all companies in the group, the subsidiary in France will also be managed by a dual management team.

With the acquisition of A.F.I. Solutions, Wagner is now represented by its own subsidiaries in 15 countries. "We are delighted to be able to offer our international partners and customers in France local sales, local solution and implementation expertise and local service with immediate effect, thus once again living up to our guiding principle of 'Think globally, act locally'," continues Torsten Wagner.


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