The independent pan-European investment company Argos Wityu acquired a controlling stake in Wibit Sports GmbH (Wibit), the world market leader for floating water parks based in Bocholt, Germany. Wibit produces floating inflatable water parks from inflatable PVC modules, which are used as leisure attractions in open waters off the coast, in lakes, outdoor and indoor pools in around 90 countries. It is the unchallenged market leader in this self-established industry.
Robert Cirjak and Romann Rademacher, Co-CEOs and founders of Wibit Sports, said, “The strategic partnership with Argos Wityu is a major step forward in the further development of our company. Wibit wants to become bolder, better and bigger than it is today. We combine sportsmanship with an entrepreneurial passion and are ready now to move up from the Bundesliga to the Champions League. Together with Argos Wityu, we want to seize the growth opportunities before us. Now we can realize many projects for which we need additional financial, personnel and organisational capacities. We are convinced that with Argos Wityu we have a strong strategic partner by our side – the team’s expertise and extensive international experience has convinced us. CatCap as our financial advisor has helped us excel during the transaction, from preparing and positioning to managing the competitive bidding field of international financial investors to be able to achieve the best possible results for Wibit.”