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- BauWatch
BauWatch Acquisition & Valuation
BauWatch was acquired by Carlyle Group for $1.2B in September 2026, a 6.6x multiple on $176M of revenue.
BauWatch revenue at acquisition
$176M
Last twelve months · Sep 2026
BauWatch revenue multiple at acquisition
6.6x
EV/Revenue · Sep 2026
BauWatch EBITDA multiple at acquisition
11.9x
EV/EBITDA · Sep 2026
About BauWatch
BauWatch is a Hamburg-based provider of mobile surveillance towers and video monitoring for construction sites across Germany. The company deploys solar-powered cameras with AI motion detection and remote access, serving projects from infrastructure builds to event security.
Founded
2008
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services
Revenue
$176M (Sep 2026)
Valuation
$1.2B (acquired Sep 2026)
BauWatch Acquisition
BauWatch was acquired by Carlyle Group for $1.2B on 17 September 2026.
The acquisition price implies a 6.6x revenue and 11.9x EBITDA multiple on $176M of revenue.
In September 2026, The Carlyle Group and CVC DIF agreed to acquire BauWatch, the European market leader in technology-enabled remote video surveillance solutions, from German family equity company Haniel. Carlyle and CVC DIF will each take a 45% stake, with Haniel retaining a 10% minority holding. The transaction values BauWatch at around €1 billion (approximately $1.15 billion) and is structured as a majority buyout, with Carlyle investing through its Carlyle Europe Partners platform. The deal was announced on September 17, 2026, and is expected to close in the first quarter of 2027 after regulatory approvals. The acquisition supports BauWatch’s next phase of growth through continued investment in innovation, product portfolio enhancement, and international expansion across Europe. Carlyle and CVC DIF view the company as a mid-market infrastructure-backed business with a strong competitive position and growth potential suitable for a buy-and-build strategy in technology-enabled security services. Headquartered in Apeldoorn, the Netherlands, BauWatch provides remote video surveillance, AI-enabled monitoring, and 24/7 alarm response services, primarily for construction sites, power plants, substations, renewable energy assets, and other key infrastructure. Since Haniel’s acquisition in 2021, the company has expanded to 12 European markets, operates more than 15,000 active surveillance systems, completed over 50,000 projects, and grew revenue from €59 million to €153 million in 2025.
| Acquirer | Date | Type | Price | EV/Revenue | EV/EBITDA |
|---|---|---|---|---|---|
| 17 Sep 2026 | PE buyout | $1.2B | 6.6x | 11.9x |
BauWatch Funding History
BauWatch has 1 recorded secondary share sale and no primary funding rounds.
| Date | Stage | Investors | Deal Summary |
|---|---|---|---|
| Sep 2026 | Secondary | CVC DIF (lead) | Carlyle and CVC DIF agreed on September 17, 2026 to acquire BauWatch, the European market leader in technology-enabled remote video surveillance solutions, from Haniel. Haniel will retain a 10% minority stake. The transaction is subject to customary regulatory approvals with closing expected in Q1 2027. CVC DIF is investing through its Value-Add IV fund and Carlyle through the Carlyle Europe Partners platform. BauWatch is headquartered in Apeldoorn, the Netherlands, and operates in 12 European markets with over 15,000 active surveillance systems. Under Haniel’s ownership since 2021, revenue grew from €59 million to €153 million in 2025. |
Who has invested in BauWatch?
1 investor has backed BauWatch across its funding rounds, including CVC DIF.
Lead investors include CVC DIF.
BauWatch Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 1 BauWatch investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialBauWatch Competitors
BauWatch competitors include listed companies like Zedcor, NAPCO Security, Riken Keiki and SDIC Intelligence, and private ones like AlertMedia and Flock Safety.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $42M | $12M | $387M | 7.0x | ||
| Publicly listed | $202M | $48M | $1.3B | 5.6x | ||
| Publicly listed | $350M | $97M | $1B | 2.3x | ||
| Publicly listed | $211M | ($83M) | $1.4B | 5.8x | ||
| Private | - | - | $250M | - | ||
| Private | $300M | - | $7.5B | 25.0x |
BauWatch Public Comps
BauWatch is no longer listed, but its public comps include NAPCO Security, Riken Keiki, SDIC Intelligence, Beijing Global Safety, Taiwan Secom, Rosenbauer International, London Security, Prosegur, Grupo GPS and Zedcor.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $202M | $48M | 5.7x | 5.6x | 23.8x | 17.2x | |||
| $350M | $97M | 2.4x | 2.3x | 8.6x | 8.8x | |||
| $211M | ($83M) | 6.2x | 5.8x | (15.8x) | (26.4x) | |||
| $219M | ($18M) | 4.1x | - | (49.3x) | - | |||
| $599M | $181M | 2.8x | 2.8x | 9.2x | - | |||
| $1.6B | $138M | 0.7x | 0.6x | 8.1x | 7.1x | |||
| $326M | $60M | 1.7x | - | 9.2x | - | |||
| $5.6B | $604M | 0.6x | 0.6x | 5.7x | 5.1x | |||
This data is available for Pro users. Sign up to see all BauWatch competitors and their valuation data. Start Free Trial | ||||||||
Common questions about BauWatch
| When was BauWatch founded? | BauWatch was founded in 2008. |
| Where is BauWatch headquartered? | BauWatch is headquartered in Cologne, Germany. |
| Is BauWatch publicly listed? | No, BauWatch was acquired by Carlyle Group in September 2026. |
| Who acquired BauWatch? | BauWatch was acquired by Carlyle Group in September 2026. |
| How much was BauWatch acquired for? | BauWatch was acquired for $1.2B in September 2026, a 6.6x revenue multiple. |
| Who are BauWatch's investors? | BauWatch's investors include CVC DIF. |
| Which companies are comparable to BauWatch? | Companies comparable to BauWatch include Zedcor, NAPCO Security, Riken Keiki, SDIC Intelligence, AlertMedia and Flock Safety. |
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