Varel Security
Varel Security is a leading Belgian provider of integrated security technology solutions. The company designs, installs, and maintains a broad range of electronic security systems, including intrusion detection, access control, fire detection, and camera surveillance.
With a strong regional presence and a recurring revenue base driven by maintenance, monitoring and service contracts, Varel combines technical expertise with a customer-centric approach. The group operates through 6 locations, enabling strong local relationships and national coverage.
We entered into a partnership with Varel Security to support the next phase of growth of a high-quality, recurring revenue-driven platform in a resilient and expanding market. Increasing regulatory requirements, rising security awareness, increased connectivity and ongoing technological innovation continue to drive demand for integrated security technology solutions.
Varel stands out through its strong local positioning and national coverage, long-standing customer relationships, entrepreneurial mindset and proven buy-and-build track record. Together with management, we aim to further accelerate growth through selective acquisitions, expansion into new markets with an initial focus on the Benelux, continued professionalization, and the expansion of its service offering, while preserving its entrepreneurial culture and strong focus on service quality.
Smile Invest team
“This partnership is a natural next step for Varel. We have built a strong company with a fantastic team and loyal customers, and we wanted to bring in a partner that shares our long-term vision and entrepreneurial mindset. From the start, there was a very good alignment with Smile Invest. Business will continue as usual, with the same people and culture, now supported by additional expertise and resources to help us grow further. I am excited about what we can achieve together.”