AVS Verkehrssicherung has signed an agreement to acquire Schötz Verkehrs- und Arbeitsstellensicherung
Kürten/Fürth (Germany), 5 February, 2019 - AVS Verkehrssicherung (AVS), a Triton Fund IV portfolio company, has entered into an agreement to acquire Schötz Verkehrs- und Arbeitsstelleensicherung GmbH (Schötz), a provider in the field of traffic and construction site safety, based in Fürth. The merger is still subject to the approval of the antitrust authorities. Terms and conditions of the transaction are not disclosed.
Schötz Verkehrs- und Arbeitsstelleensicherung has many years of experience in the field of construction sites, traffic and job security, both for smaller construction site projects, as well as for large construction sites. The company operates primarily in the area of Northern Bavaria and works closely with property developers, cities and municipalities.
Schötz is known as a reliable partner for customers and other clients nationwide and therefore represents an ideal complement to the range of services of the AVS Group.
About AVS Verkehrssicherung
AVS Verkehrssicherung is a leading specialist provider of highway traffic safety services in Germany. The Company, headquartered in Kuerten, offers all essential services throughout highway traffic-safety projects. These services range from initial planning and obtaining permits to complete construction site setup and security. AVS has a nationwide presence with 16 locations across Germany and around 650 employees.
For further information: http://www.avs-verkehrssicherung.de
Since its establishment in 1997, Triton has sponsored nine funds, focusing on businesses in the industrial, business services, consumer and health sectors.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 37 companies currently in Triton's portfolio have combined sales of around €13 billion and around 84,000 employees.
For more information: www.triton-partners.com