Fencing for sports grounds was Wego’s main line of business when the company was founded in 1975 by Dietrich Welschof. Twenty years later security services for industrial companies had top priority. Parallel to the growing market Wego had developed into one of the sector’s leading firms and was the only provider in Germany with a complete system for mechanical access control.
Wego had plans for growth: In Germany there was an increasing demand for replacements and the end-user business was to be expanded in the other German speaking countries, France and the UK. The firm also planned to extend its product range with security systems for interior use and establish a business unit for wholesaling.
In 1995 Halder acquired 25% of the shares as part of a capital increase to finance the expansion, while Wego invested the new funds in increased production efficiency.
Together with the company’s founder who wanted to sell the business for health reasons, Halder and an interim manager paved the way for an exit. In 1997, all shares were sold to a Scandinavian company from the security sector.