Acquisition: Kiwa Group
Crowe has successfully advised Kiwa Holdings (UK) Ltd, a subsidiary of Kiwa NV, on its acquisition of BASEC Group Limited, a global leader in cable testing and certification services for power, energy and data products.
Headquartered in The Netherlands, Kiwa Group is a circa €1.2billion revenue global TIC group employing over 10,000 people across 40 countries. It provides certification, inspection, testing, training and technology services in a wide variety of market segments ranging from construction to energy supply. Since 2021, Kiwa has been a member of the SHV Family of Companies.
BASEC Group is an independent accredited certification body for the electrical cable industry worldwide, with headquarters in Milton Keynes and a state-of-the-art laboratory in Dubai. BASEC Group represents an important strategic addition to Kiwa’s portfolio of services.
Crowe's role and team
Crowe’s integrated M&A team provided lead advisory, transaction support and M&A tax services to Kiwa Group.
Led by Mark Allen and supported by William Thompson and Alex Sowerby, our Lead Advisory team provided financial, commercial and technical advice and coordinated the process from Heads of Terms through to completion.
Financial due diligence was performed by our Transaction Support team, led by Bob Alsop and supported by Tej Jayawardena and Ben Allday, whilst M&A Tax advice was provided by Jane Mackay and David Oliver.
Client quote
“I am delighted to welcome BASEC Group to Kiwa and it is in no small part thanks to Crowe’s clear, commercial advice throughout a complex deal process. There were many challenges along the way that demanded clear heads and timely problem-solving, which the Crowe team delivered throughout. We’re delighted with the professional support provided by Crowe and we would fully recommend them to other Management teams and business owners.”
Paul Brown, CEO, Kiwa Holdings (UK) Limited
“A BIG thank you to Crowe for your invaluable support throughout the process – without which we would not have achieved our goal – it is greatly appreciated.”
Mark Horwood, CFO, Kiwa Holdings (UK) Limited
