FAIR DAMAGE CONTROL HOLDING ACQUIRES MAJORITY SHARE IN REPAIR CONCEPTS GROUP
Fair Damage Control Holding (“FDC”) acquires majority share in Repair Concepts Group. Based in Rheinbach near Bonn, Repair Concepts Group is a rapidly growing service provider in auditing and repairs for insurance companies. The Group provides services all over Germany, with a special focus on repair assistance, on-site surveying, voucher auditing and settlements in the event of claims arising from damage to/in company premises. Repair Concepts Group deals with approximately 60,000 claims with over 100 members of staff, and it serves over 60 renowned insurance companies in Germany.
Fair Damage Group is one of the leading service providers for assessing and managing damage and payment claims for commercial clients and private clients. Thanks to the unique combination of skills they possess, the companies within the Group also provide other appealing services to their clients in addition to their core services. Their strong process-based approach and their ongoing digitisation is of benefit to everyone involved, and they are helping the Group’s continuous growth, and the same is true of employee qualifications and IT services, which are also undergoing development.
Peter Becker, CEO of Repair Concepts Group: “We are pleased to have found a partner in FDC with the necessary understanding of the insurance market, and who supports and shares the ambitions of Repair Concepts Group. We see this merger with FDC as being pivotal to the sustainable development of our organisation.”
Hubertus Marx, CEO of FDC, adds: “I’m delighted that by acquiring a well-established, renowned business group, we have succeeded in further strengthening the position of FDC on the German market. This acquisition means we can now offer our clients an even wider range of services.”
Thanks to this move, Fair Damage Group is enhancing its standing as one of the leading service providers for assessing and managing damage and payment claims for commercial clients and private clients, and this means we are continuing to strengthen our position on the market.
Sancovia initiated the transaction and provided consulting services to the buyer throughout the entire process.