Simonswerk acquired Colcom Group from Wise Equity.

Simonswerk, a supplier of hinges and hinge systems for doors, acquired Colcom Group, an Italian building materials company, from Wise Equity. Financial terms were not disclosed. Michael Meier, Managing Director of SIMONSWERK says “We are continuing the international expansion of SIMONSWERK. The products and the team of Colcom complement our extensive portfolio of hinges with regard to the segment of glass doors. In addition, Sadev allows us to expand our product range to glass fittings for outdoor use on façades, parapets and balustrades. This segment allows us to get into the important project business at an even earlier stage”.