Fero Group joins AVS Verkehrssicherung
Kürten (Germany) / Willebroek (Belgium) — AVS Verkehrssicherung (“AVS”), a portfolio company of Triton Fund IV, has signed an agreement to acquire a majority stake in Fero Group (“Fero”), a leading provider in Belgium of temporary traffic management, from the founding Haerens family. The Fero Group consists of Fero Signalisatie and its sister companies Admibo, Signaroute, Signco and Safetybloc. The transaction is subject to approval by the antitrust authorities. The parties have agreed not to disclose the purchase price.
Fero was founded in 2001. The family-owned and operated company provides services in temporary traffic management, pavement marking, traffic signs, traffic management systems and maintenance of public planters and baskets. Customers mainly include construction, utility and telecommunications companies as well as the Belgian government. Fero employs more than 300 people at seven sites in Flanders and one in Wallonia.
Triton has extensive expertise in road safety services and has invested in companies in this sector across Europe, for example in Ramudden in the Nordic countries and Chevron TM in the UK, and now with Fero in Belgium. “This transaction was very strongly supported by Triton and underlines our commitment to invest in the future growth and profitable development of Fero. It is another important step in expanding our international presence in the occupational health and safety services sector,” said Nadia Meier-Kirner, Investment Advisory Professional at Triton.
Luc Hendriks, Operating Partner at Triton, added, “We look forward to supporting management and staff as responsible owners with our extensive industry expertise and experience.”
“This transaction is another important step in our international expansion. Fero enjoys a good reputation among customers for fast service and highly professional services. This makes Fero a great partner that fits ideally with our European strategy “, says Dirk Schönauer, COO International of AVS.
“We are excited to partner with AVS. Our companies share the same way of thinking and doing business. Together we can offer even better services tailored to the demand of our customers in Belgium “, add Freek & Friso Haerens, Co-CEO of Fero Group. The existing shareholders of Fero will remain shareholders of the Group and directors of Fero.
Traffic safetyAVS Verkehrssicherung is a leading specialist provider of traffic safety services in Germany. The company is headquartered in Kürten, Germany, and offers all essential services related to road safety projects. These range from initial planning and obtaining permits to complete site construction and safety aspects. AVS has a nationwide presence with 17 locations across Germany and employs around 650 people.Further information: www.avs-verkehrssicherung.de
The Fero Group was founded in 2001 and has become a household name in the world of temporary traffic management. The family-owned company is a full-service provider for its customers, from tendering, planning, placement and maintenance to completion and billing. Fero provides services to various clients in the government and construction outsourcing sectors. As one of the leading providers of temporary traffic management, Fero has a reputation for always helping customers quickly and professionally. Information: https://www.feronv.be/; https://www.signco.be/; http://www.admibo.be/; http://www.signaroute.be/nl
Since its founding in 1997, Triton has launched nine funds and focused on companies in the industrial, services, consumer goods and healthcare sectors.The Triton funds invest in medium-sized companies based in Europe and support their positive development. Triton’s goal is to successfully develop its portfolio companies over the long term by working in partnership.Triton and its management strive to generate positive change and growth through the sustainable improvement of operational processes and structures. Currently, Triton’s portfolio includes 38 companies with total sales of around EUR 14.9 billion and approximately 72,000 employees.For further information, please visit: www.triton-partners.de.