GBS Expands Its Reach Through Acquisition of Cordsen Engineering

Deal News | Feb 13, 2025 | goetzpartners

GBS Expands Its Reach Through Acquisition of Cordsen Engineering

Fortlane Partners has played a crucial role in the acquisition of Cordsen Engineering GmbH by GBS TEMPEST & Service GmbH. Cordsen, based in Seligenstadt, Germany, specializes in eavesdropping-secure IT hardware solutions, enhancing security for sensitive data in both NATO and EU environments. This strategic acquisition will expand GBS's capabilities in TEMPEST technologies, as these technologies are essential in defense and IT security sectors. The integration of Cordsen into GBS is expected shortly, with major strategic roles being led by existing GBS management. Fortlane Partners' role as the sole M&A advisor highlights their proficiency in handling transactions within security-sensitive sectors.

Sectors

  • Technology
  • Defense and Security
  • Mergers and Acquisitions

Geography

  • Germany – Both GBS TEMPEST & Service GmbH and Cordsen Engineering GmbH are headquartered in Germany.
  • NATO and EU – The companies operate within the security frameworks of NATO and the EU, emphasizing international relevance.

Industry

  • Technology – Involves companies and services surrounding IT hardware solutions, including eavesdropping-secure technologies.
  • Defense and Security – TEMPEST technologies are critical for defense applications, ensuring secure communications.
  • Mergers and Acquisitions – The article covers an acquisition, a key activity in the M&A sector.

Financials

    Participants

    NameRoleTypeDescription
    GBS TEMPEST & Service GmbHBuyerCompanyProvider of TEMPEST technologies for secure IT solutions, based in Germany.
    Cordsen Engineering GmbHTargetCompanyOffers eavesdropping-secure IT hardware solutions, headquartered in Seligenstadt, Germany.
    Fortlane PartnersAdvisorCompanyServed as the exclusive M&A buy-side advisor for GBS's acquisition of Cordsen.