The shareholders of Protection Group Danmark (“PGD”) have sold the company to Foreman Capital.
Founded in 2013, PGD designs and supplies ballistic protective solutions used by military, law enforcement and professional users in more than 30 countries. Operating from Randers, Denmark, PGD operates a European-centered supply chain with in-house soft armor manufacturing and assembly capabilities.
The company’s product range includes soft-armor vests, ballistic helmets, rifle-resistant hard armor plates, plate carriers and related protective accessories sold via government tenders, specialised distributors, syndicate partners and PGD’s own e-commerce channels.
Based in Amsterdam and Copenhagen, Foreman Capital is an investment firm focused on profitable mid-sized businesses in the trade, services and manufacturing industries. With the support of Foreman Capital, PGD plans to invest in the production capacity at its Randers facility, expand its organisation and accelerate product development.
The founders will continue to play an active role in PGD following the transaction.
Accura advised the shareholders of PGD in connection with the transaction.