In June 2022, the acquisition of lock products manufacturer Nadal Badal by security company CDVI Group closed. Baker Tilly Corporate Finance has advised Nadal Badal in this transaction.
Based in Barcelona (Catalonia), Nadal Badal has been offering solutions to the locksmith, hardware and access control world for more than 70 years.
"NADAL BADAL was founded in 1950 as a family business, and has remained so until today, growing to more than 50 employees and exporting to more than 40 countries. We are very happy to join the CDVI Group family and are excited to see where this journey together takes us."Joan Nadal
The JIS lock manufacturer has grown over the years to become a world leader in electric locks and electric strikes.
The CDVI Group is one of the world leaders in the access control and electric lock market. It has innovative access control and electronic locking system solutions, with a product portfolio ranging from biometric systems and online access control to keypads, stand-alone systems, door automation and electromagnetic locking devices.
With this acquisition, CDVI Group integrates the experience and know-how of NADAL BADAL and will be able to offer a wider range of products:
"Thanks to the well-deserved recognition of NADAL BADAL in the security industry for the quality and catalog of its electric locks and electric strikes, CDVI Group will be able to offer solutions to a wider variety of customers for very different projects."Yoram Benhammou, CEO, CDVI Group
Baker Tilly has advised the owners of Nadal Badal SA de in negotiations with the CDVI Group team. Alex Wendt, a partner specializing in the sector, led the team. Baker Tilly Corporate Finance has a team specialised in Mergers and Acquisitions y se ha situado sistemáticamente en el Top 10 del mercado de medianas y pequeñas empresas a nivel mundial. "Esta operación es una gran oportunidad para Nadal Badal de formar parte de un grupo como CDVI y así seguir potenciando el crecimiento en España", ha señalado Alex Wendt.
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