Haniel, a German family-owned investment holding company, completed the acquisition of BauWatch, a construction site security company, from Nordian Capital, an independent Dutch private equity investor, for $394m. "We are very excited about the acquisition of BauWatch, as it is the leading platform with a particularly strong management team in a fast-growing market. It fits Haniel perfectly as a long-term owner. For us, BauWatch is the ideal basis to build a European champion in temporary remote surveillance services. We aim to make substantial investments in the business to drive growth in the core markets and beyond, with additional acquisitions where possible," Stefan Zobel, Haniel Investment Partner.