Triton: AVS Verkehrssicherung acquires Lorenz markings
Kürten/Wittstock (Germany), July 2, 2019 — AVS Verkehrssicherung (“AVS”), a portfolio company of Triton Fund IV, has signed an agreement to acquire Lorenz GmbH (“Lorenz”), a renowned provider in the field of road marking and construction site safety based in Wittstock/Dosse. The merger is still subject to approval by the antitrust authorities. The parties agreed not to disclose the purchase price. ARQIS advised AVS Verkehrssicherung GmbH (AVS) on the acquisition of Lorenz GmbH (Lorenz).
Since 1992, Lorenz has many years of experience in the application of high-quality and sustainable marking materials, both in permanent and temporary applications. In addition, Lorenz sees itself as a reliable supplier and outfitter of construction site safety equipment. The company is primarily active in the greater Mecklenburg area and Berlin, but also nationwide, and works closely with both state developers, cities and municipalities, and private construction companies.
“Lorenz employs more than 30 people, is known as a reliable service provider also nationwide at 3 locations and therefore represents an ideal addition to the AVS Group’s range of services,” explains Andreas Schwingeler, COO at AVS.
AVS Verkehrssicherung is a leading specialist provider of traffic safety services in Germany and Europe. 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 is characterized by its international presence at 21 locations. In Germany, AVS is represented at 18 locations nationwide. Internationally, AVS has one location in Latvia and 2 locations in Denmark. AVS employs around 730 people.
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 14.9, billion euros and approximately 73,000 employees.
This is now the fifth transcation that ARQIS has accompanied for AVS. Most recently, Jörn-Christian Schulze’s team advised AVS on the acquisition of Schötz Verkehrs- und Arbeitsstellen-Sicherung GmbH (Schötz), a provider in the field of traffic and construction site safety based in Fürth.
ARQIS is an independent business law firm operating in Germany and Japan. The firm was founded in 2006 at its current offices in Düsseldorf, Munich and Tokyo. Around 45 professionals advise domestic and foreign companies at the highest level on the core issues of German and Japanese business law. The focus is on M&A, corporate law, private equity, venture capital, employment law, private clients, intellectual property, litigation as well as real estate law and tax law. For more information, visit www.arqis.com.