Xortec GmbH (“Xortec”), headquartered in Frankfurt am Main, Germany, continues to expand its nationwide presence as a provider of network-based security solutions. Following the successful acquisition of Munich-based Videosystems Sicherungstechnik Vertriebs GmbHin March this year, Xortec is now acquiring Burgenkönig Video GmbH (“BK-Video”), based in Großbeeren near Berlin, with economic effect from January 1st, 2021.
With locations in Frankfurt am Main, Munich and Berlin, Xortec now belongs to the group of leading distributors for video security in the German market and underlines with this current acquisition its regional expansion strategy as much as its leading role as a complete solution provider for network-based security technology in Germany.
“The acquisition of BK-Video is another important step for Xortec towards even more regional presence. Customer proximity and high quality of consulting and services are our top priorities and with Burgenkönig Video GmbH we have found exactly the partner who shares our philosophy and lives it every day”, says Michael Schaller, Managing Director of Xortec GmbH.
Peter Silbernagel, Managing Director and founder of Burgenkönig Video GmbH: “The partnership with Xortec offers considerable synergy potential, which we will use for the strategic realignment of our operating business. With Xortec as a strong partner at our side, we are well prepared for future challenges in a dynamic growth market.”
In addition to Peter Silbernagel, the management of Burgenkönig Video GmbH will be complemented by Xortec´s Managing Director, Michael Schaller.
Since January 2021, Xortec is a portfolio company of a fund advised by Beyond Capital Partners. “As an investment company with a focus on German-speaking SMEs, our goal is to further expand Xortec’s market position in the DACH region through suitable add-on acquisitions. Accordingly, we are continuously exploring Xortec’s competitive landscape and will continue this dynamic expansion strategy”, says Christoph D. Kauter, Managing Partner of Beyond Capital Partners.
Xortec GmbH, based in Frankfurt am Main, Germany, is a leading provider of network-based video surveillance and data communications solutions. The company focuses on the sale of professional video surveillance solutions and a comprehensive range of accompanying services. www.xortec.de
About Burgenkönig Video GmbH
Burgenkönig Video GmbH, based in Großbeeren near Berlin, has been successfully active on the market as a specialist distributor of security technology for installers, dealers, electrical companies and resellers for over 20 years. The company focuses on the distribution of system solutions from renowned manufacturers. www.bkvideo.de
About Beyond Capital Partners
Beyond Capital Partners is an investment company and acquires majority stakes in profitable medium-sized companies from the DACH region through the funds it advises, with a focus on the asset-light sectors of services, IT, software, healthcare, lifestyle and entertainment. www.beyondcapital-partners.com