Fortlane Partners advised GBS TEMPEST & Service GmbH

Fortlane Partners advised GBS TEMPEST & Service GmbH ("GBS") on the acquisition of Cordsen Engineering GmbH ("Cordsen"). Cordsen, headquartered in Seligenstadt, Germany, is a provider of eavesdropping-secure IT hardware solutions that meet the stringent requirements for sensitive data.

The acquisition of Cordsen marks a significant step for both companies, which specialize in TEMPEST technologies within Germany as well as the NATO and EU environments.

Ömer Çevik, Managing Director of GBS, will also assume the role of Managing Director of Cordsen. The merger of Cordsen into GBS is expected to be finalized in the coming weeks.

Fortlane Partners acted as sole and exclusive M&A buy-side advisor to GBS. This transaction demonstrates and underscores Fortlane Partners' ability and expertise in successfully executing M&A transactions in security-sensitive industries such as defense and IT security/ electronics.
 

About GBS TEMPEST & Service GmbH
GBS TEMPEST & Service GmbH, headquartered in Diepholz, Germany, is a leading provider of TEMPEST technologies for eavesdropping-secure IT hardware solutions. With four in-house emanations test laboratories recognized by the German Federal Office for Information Security (BSI), the company is authorized for certification measurements and short-measurement procedures according to the National Zoning Model, NATO standards such as SDIP 27 and EU standards (IASG).

About Cordsen Engineering GmbH
Cordsen Engineering GmbH, headquartered in Seligenstadt, Germany, is a provider of TEMPEST technologies for eavesdropping-secure IT hardware solutions. The company is accredited by the German national TEMPEST authority, the Federal Office for Information Security (BSI). Cordsen is authorized to perform measurement and approval procedures in accordance with German and NATO standards.

Transaction Team:
Christian Muthler
Managing Director
Email

Maximilian Bergold
Director

Lukas Haasis
Associate

Sean Aigner
Analyst