Straco, an independent Belgian investment group, agreed to acquire Incendin, a fire protection firm, from Gimv, a private equity firm. Financial terms were not disclosed. "Starting from the platform company Ecochem in 2014 and with Gimv's continued support and a shared vision for sustainable growth, 6 companies were brought together in the Incendin group. In this way, we created a truly unique, innovative ecosystem to deliver high quality, life-saving chemistry, with minimal impact on our environment," Tom Paemeleire, Incendin CEO.