Nedap is about to sell its French subsidiary to the French investment fund B & Capital. He has made a binding offer and Nedap and other shareholders of Nedap France are now in exclusive negotiation.

Nedap owns a 49.8 percent interest in the French branch, which in 2018 generated a turnover of 27.5 million euros. The net revenue for Nedap is expected to be around 14 million euros, resulting in a book profit of around 9 million euros. The transaction is expected to close before the end of the year.

The net proceeds of the transaction will mainly be used to increase the dividend for 2019 as a one-off. Nedap France remains an important business partner of the Nedap Security Management and Retail market groups, guaranteeing the continuity of the company’s activities on the French market.

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