BlackPeak Capital Invests EUR 8 Million in "Security Smart Systems" Ltd.
Headquartered in the northwestern town of Vratsa, it employs over 200 people and is a significant contributor to the regional economy.
The driving force behind the company’s success has been Ivo Varganov and his family, along with partners Lyubomir Bonchev and Krasimir Nachev, who have steered the company to a leading position in the sector, focusing on innovation, quality, and cutting-edge technologies.
This investment is a major step toward modernizing and expanding the company’s production capacity. Priorities include attracting a professional management team and broadening the scope of services in collaboration with the majority shareholder, Stark Invest Company. The investment aims to enhance the company’s competitiveness while positively impacting the local economy of Vratsa, one of the most economically challenged regions in both Bulgaria and the European Union.
“We are confident that with the introduction of professional management and the provision of capital for modernization and capacity expansion, we will continue to build on the company’s solid foundation. We are excited to support not only the high-tech manufacturing sector in Vratsa but also to sustain Mr. Varganov’s social role as one of the top employers in the region,” said Kiril Ivanov, Partner at BlackPeak Capital.
The new management team includes Georgi Atanasov and Sashka Stanislavova. Atanasov, a Mechanical Engineering graduate from Dresden, Germany, has spent the past 13 years leading production companies in the Czech Republic and Bulgaria for Festo, a global leader in industrial automation components. His extensive expertise will be invaluable to the company’s future growth. Stanislavova, co-manager since 2021, has proven her capability in navigating the business the past few years.
“A large number of our production staff are young mothers, for whom we’ve arranged only day shifts with flexible hours. Additionally, many of our employees have over 20 years of experience with us, some of whom have progressed from entry-level roles to key management positions. With the strong foundation of professionalism and loyalty built over the years, we are focused on introducing lean methodologies and small-group work structures. This will allow us to develop capable team leaders who can independently solve problems and drive continuous improvement within their areas. Our goal is to create a sustainable yet adaptable organization to meet our ambitious business targets,” said Georgi Atanasov.
Ivo Varganov, who has successfully managed the company for the past 30 years, will remain in the role of Technical Director and serve as an advisor to the new management team. His experience and insights will be crucial to the company’s future projects.
The restructured ownership and leadership aim to ensure that "Security Smart Systems" Ltd. continues to deliver innovative, high-quality electronic solutions while further strengthening its position in the market.