CED Group Expands into Germany with Acquisition of Fair Damage Group

Deal News | Apr 29, 2025 | Rivian

CED Group Expands into Germany with Acquisition of Fair Damage Group

CED Group has announced its intentions to acquire Fair Damage Control Holding GmbH (also known as Fair Damage Group), a German-based insurance services provider specializing in the property and electronic devices sectors. This acquisition is expected to extend CED’s presence into Germany, marking it as their fifth core market alongside the Netherlands, France, Belgium, and Spain. Fair Damage Group delivers services under brands such as faircheck Schadenservice, RepairConcepts, and E.Via Schadenmanagement, supporting state-of-the-art digital solutions. The move aligns with CED’s strategy to enhance digitization and leadership in the claims management sector across Europe. Dr. Stefan Reiter, CEO of Fair Damage Group, expressed satisfaction in partnering with CED while François Goffinet, CEO of CED, reiterated the strategic importance of the acquisition in becoming a European leader in claims management services. Pending necessary merger control approvals in Germany, the acquisition is expected to be finalized by Q2 2025.

Sectors

  • Insurance Services
  • Technology and Digital Solutions

Geography

  • Germany – Fair Damage Group is based in Germany, and the acquisition allows CED Group to establish Germany as its fifth core market in its European footprint.
  • Europe – CED Group, a Pan-European company, is deepening its presence in Europe by acquiring the German-based Fair Damage Group, with existing operations in the Netherlands, France, Belgium, and Spain.

Industry

  • Insurance Services – The article discusses the expansion of CED Group's insurance services through the acquisition of Fair Damage Group, which provides claims management and other insurance-related services.
  • Technology and Digital Solutions – Both CED Group and Fair Damage Group emphasize the use of digital solutions in improving claims management services, highlighting the importance of technology in this acquisition.

Financials

  • N/A – The financial terms of the acquisition were not disclosed in the article.

Participants

NameRoleTypeDescription
CED GroupBidding Company/BuyerCompanyA Pan-European insurance services company seeking to expand its claims management reach by acquiring Fair Damage Group.
Fair Damage Control Holding GmbH (Fair Damage Group)Target CompanyCompanyA German insurance services provider specializing in property and electronic devices segments, offering loss assessment and claims management services.
Dr. Stefan ReiterCEO of Fair Damage GroupPeopleExpressed enthusiasm about Fair Damage Group's partnership with CED Group.
François GoffinetCEO of CED GroupPeopleAffirmed the strategic importance of acquiring Fair Damage Group to become a leader in European claims management services.