IPCOM Group completed the acquisition of Seidemann Group.

IPCOM Group, a European insulation group, completed the acquisition of Seidemann Group, a well-established specialist distributor, focusing on technical insulation on the German market. Financial terms were not disclosed. "With this strategic decision, we are securing the long-term development of the company and positioning ourselves optimally in terms of the growing demands in the areas of digitalization, logistics and marketing. As Managing Director, I will continue to contribute my personal strength and expertise for the benefit of the company and be the contact person for my employees and customers. Furthermore, I am convinced that the cooperation with other IPCOM companies will enable us to differentiate us further on the market. We share the same views and we see a lot of opportunities to grow further supported by the strengths and experience of IPCOM,” Jörg Seidemann, Seidemann Group Head.