Gardiner is Europe’s largest independent distributor of electronic security products, implanted in 10 European countries.

The company sells an extensive product portfolio (7,500 products) to over 12,000 active customers, who are principally specialist installers. Gardiner’s added value is mainly in offering a full range of specialized products, advice and technical support and logistics (96% of the customers are delivered under 24 hours)

Main product lines are:

  • Alarm systems (53% of revenue);
  • Video surveillance (29%);
  • Access control (9%);
  • Fire prevention and detection equipment (6%).

Under the ownership of Motion EP, the focus was on strengthening the company’s management, including in particular:

  • Strengthening the management team;
  • Integration of country operations;
  • Expansion through opening new sales offices;
  • Further development and cross selling of the product range;
  • Enhanced cash flow management and reporting.

Status

Divested

Date of investment

2003 – 2006

BACK TO PORTFOLIO
n.a.

MoM multiple

n.a.

IRR

700

Exit Sales (2015)

360

Entry Sales (2005)