The CED Group (“CED”) announces the intended acquisition of Fair Damage Control Holding GmbH (Fair Damage Group). With the acquisition of Fair Damage Group, an insurance services provider in the property and electronic devices segments in Germany, CED further expands its European footprint.
Fair Damage Group is a leading service provider for assessment and management of damages and claims in the German market, offering clients nation-wide coverage of its claims management services. Fair Damage Group services its clients under the labels faircheck Schadenservice (loss adjustment services in the Property segment), RepairConcepts (repair management for property and home interior damages) and E.Via Schadenmanagement (loss adjustment and repair of damages of electronic devices). The service offering is supported by state-of-the-art digital solutions which are developed by the in-house technology department.
CED is a leading Pan-European insurance services company, offering its clients a full range of claims management services, ranging from risk taxation and inspection to emergency assistance, together with (injury) claim loss adjustment and handling, repair in kind and recourse. CED is active in the Property, Mobility and Vitality domains and has a strong cross-border claims organisation. With the acquisition of Fair Damage, CED adds Germany as its fifth core market to its existing European footprint in The Netherlands, France, Belgium and Spain. Future-proof digitization is key in CED’s strategy to provide its clients with the best client experience, always and everywhere: better, faster and cheaper than other players; personal where necessary, digital where possible.
Dr. Stefan Reiter, CEO Fair Damage Group: ‘We are pleased to have found an excellent partner for Fair Damage Group in CED. We look forward to pursuing our growth strategy with CED by our side and to working together to fulfil the needs of our valued clients.’
François Goffinet, CEO CED: ‘The acquisition of Fair Damage Group confirms our ambition to become the European market leader in claims management services. We look forward to working together with the team of professionals of Fair Damage Group. It is great to see that we share the same values and care for our clients with a strong focus on innovation.’
The acquisition is subject to merger control clearance in Germany and is expected to close in the second quarter of 2025.
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