The most reliable and efficient provider of technical industrial services

Founded in 1918 and headquartered in Bremen, Germany, family-owned business is a leading global Insulation, Access Solution, Surface Protection and Passive Fire Protection (“IASP”) player with a 100+ years track record of best-in-class craftsmanship and quality. The company operates across 5 continents and serves various end-markets, including the energy, chemicals & pharmaceutical and construction sectors.


Why we believe in the company

  • One of the four leading global players in the large and resilient tech­nical in­dus­trial ser­vices market. The IASP market benefits from green energy transition
  • The company is a trusted supplier for best-in-class execution of decentralized, personnel-intensive projects on global scale with highest quality and health & safety standards
  • Altor partners with SMS Group in strategic 50-50 partnership with family owners of the company to bring playbook for continuous drive of excellence, scaling regions via M&A and expanding the IASP services portfolio


2023 turnover (CY)

EUR 2257M



Investment date

Dec 2021


Fund V

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