Carlyle and CVC DIF have agreed to acquire BauWatch from Haniel, backing the European remote video surveillance company as it continues expanding across construction, infrastructure and renewable energy markets.
Haniel will retain a 10% minority stake following the transaction, which is expected to close in the first quarter of 2027 subject to customary regulatory approvals.
Headquartered in Apeldoorn, Netherlands, BauWatch provides technology-enabled security for construction projects and critical infrastructure including power plants, substations and renewable energy assets.
Its platform combines remote video surveillance, AI-enabled monitoring and round-the-clock alarm response services.
BauWatch has expanded significantly since Haniel acquired the business in 2021.
The company now operates across 12 European markets, manages more than 15,000 active surveillance systems and has completed more than 50,000 projects.
Revenue increased from €59 million when Haniel acquired the company to €153 million in 2025, while profitability also improved.
Carlyle and CVC DIF plan to support the company’s next stage through additional investment in innovation, product development and international expansion.
Carlyle’s equity will come from its Carlyle Europe Partners platform, while CVC DIF will invest through Value-Add IV, its fund focused on mid-market infrastructure companies with strong market positions and expansion potential.
The investors see BauWatch benefiting from growing demand for physical security and resilience across European infrastructure, construction sites and energy assets.
KEY QUOTES:
“We share a clear ambition to strengthen our capabilities and continue growing our business at pace.”
Al Ghelani, CEO of BauWatch
“The company has built a market-leading technology platform and a reputation for innovation and operational excellence.”
Simon Pex, Managing Director at Carlyle
“BauWatch is the European leader in mobile security and combines many of the qualities we value in infrastructure investments: a key service, a scalable platform and highly recurring revenues underpinned by a substantial, well-invested asset base.”
Stefan Moosmann, Head of DACH at CVC DIF
