Fremman Capital Acquires Incendin, European Leader in Sustainable Fire Protection

Fremman Capital has entered into an agreement to acquire Incendin, a leading European developer of sustainable fire-protection solutions headquartered in Belgium. The acquisition, announced on May 13, 2026, positions Fremman to capitalize on rising demand for environmentally responsible fire-fighting and flame-retardant products across industrial and safety-critical sectors.

Incendin specializes in proprietary, fluorine-free fire-fighting agents and flame-retardant formulations. The company operates manufacturing, research and development, and testing facilities in Belgium, Italy, Germany, and the UK. With a workforce of over 145 professionals, Incendin serves a diverse blue-chip customer base across Europe, North America, and Asia.

While the financial terms of the deal remain undisclosed, the acquisition includes Incendin’s full portfolio of sustainable fire-protection technologies, its regulatory expertise, and established customer relationships. Fremman plans to support Incendin’s next growth phase by strengthening its European leadership, expanding its product range, scaling operations internationally—particularly in the United States—and pursuing targeted acquisitions to enhance its platform.

Founded over 25 years ago, Incendin has built a strong market position through innovation and strategic acquisitions. Under previous owner Straco, a Benelux-based investment firm, Incendin completed six acquisitions in the past decade, including the 2024 purchase of ProPHOS Chemicals in Italy, which expanded its footprint in Southern Europe.

Olivier de Vregille, Founding Partner at Fremman Capital, highlights the strategic fit: “Incendin fully aligns with our investment strategy: a European champion with clear leadership in a regulation-driven sector, built on proprietary formulations, deep technical know-how and a strong culture of innovation. Together with Tom and the wider Incendin team, we see a compelling opportunity to accelerate the Company’s international expansion, broaden its product offering and further reinforce its position as a reference partner for sustainable fire-protection.”

Tom Van Gyseghem, CEO of Incendin, expressed enthusiasm about the partnership: “The Incendin team is excited to welcome Fremman as our new partner to accelerate our growth. Their international reach, experience in scaling mid-market businesses and long-term, partnership-driven approach will be invaluable as we continue to innovate, expand our offering and extend our footprint beyond Europe.”

The acquisition occurs amid growing regulatory pressure and heightened awareness of fire risks, driving demand for sustainable and high-performance fire-protection solutions. Incendin’s fluorine-free formulations respond to environmental concerns associated with traditional fire-fighting chemicals, positioning the company favorably in a market increasingly focused on sustainability.

Financial details such as valuation and deal structure were not disclosed. Fremman Capital, a pan-European mid-market investment firm with offices across major European cities, brings over a century of combined investment experience and a focus on sustainable growth. The firm intends to leverage operational synergies by consolidating manufacturing and R&D activities, optimizing supply chains, and enhancing product innovation.

Looking ahead, Fremman aims to accelerate Incendin’s international expansion, particularly targeting the U.S. market, while continuing to develop innovative fire-safety products. The company also plans to pursue further bolt-on acquisitions to consolidate its market position. Integration challenges include aligning corporate cultures, managing regulatory compliance across multiple jurisdictions, and retaining key talent and customer relationships.

Straco’s Managing Partner, Maarten Peers, reflected on the partnership: “It has been a privilege to be part of this journey and we wish Tom and the entire team all the best in this exciting next chapter with Fremman.”

With this acquisition, Fremman Capital strengthens its foothold in the sustainable industrial safety sector, supporting Incendin’s mission to deliver safer, cleaner fire-protection solutions worldwide.