CED buys ass-ass to add complex claims expertise in Germany
What's the deal? The CEDDealroom has a profile for this one. Try Dealroom → Group has acquired ass-ass GmbH, a German firm specialising in the assessment of complex property damage, for an undisclosed sum. Founded in 2001, the target will be renamed CED Complex Claims GmbH and continue serving insurers across residential and commercial property claims.
The details: CED Complex Claims employs 30 professionals and draws on a network of over 100 qualified experts, all architects or engineers. It recently expanded beyond Germany into the Austrian market.
Who stays: Founder and co-managing director Henning Brüssel and co-managing director Katja Schröder will both continue in the combined organisation. "Our service offering is largely complementary," Brüssel said.
Why now? This is CED's second German acquisition this year, following its purchase of claims handler SchadenCareDealroom has a profile for this one. Try Dealroom →. The deal adds property expertise across the full range of complexity to CED Germany's existing labels, which include Faircheck Schadenservice, RepairConcepts, and E.Via.
What's the endgame? CED Germany wants to become a national market leader in claims management services. "The acquisition broadens the scope of our service offering and confirms our ambition to become a German market leader," said Michael Wolf, managing director of CED Germany.
The bigger picture: CED is a pan-European insurance services company active in five core markets — Germany, the Netherlands, France, Belgium, and Spain — with offices in seven other countries. It covers the Property, Mobility, and Vitality domains, offering services from risk inspection and emergency assistance to loss adjustment and recourse.
The signal: CED is consolidating Germany's fragmented claims-services sector through a buy-and-build strategy, bolting on specialist capabilities to broaden its offering. With digitisation central to its plan, the firm is positioning for scale across European insurance claims.
Read more: cedgroup.eu
Image credit: Generated with Gemini
