AVS Verkehrssicherung has signed an agreement to acquire Lorenz markings
Kürten / Wittstock (Germany), 2 July 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 subject to the approval of the antitrust authorities. Terms and conditions of the transaction are not disclosed.
Founded in 1992, Lorenz Markierungen has many years of experience in the application of high quality and sustainable marking materials, both in permanent as well as in temporary applications. In addition, Lorenz sees itself as a reliable supplier and supplier of site security. The company operates primarily in the region of Mecklenburg and Berlin, but also nationwide, and works closely with state developers, cities and municipalities as well as private construction companies.
"Lorenz employs more than 30 people, is known as a reliable service provider nationwide at three locations and therefore represents an ideal fit to the range of services of AVS Group," explains Andreas Schwingeler, COO at AVS.
"We look forward to partnering with AVS. Our companies are very similar in family thinking and acting. Together we can respond even better to the increasing demands of our customers,” emphasizes Rüdiger Lorenz, Managing Director of Lorenz GmbH.
About AVS
AVS Verkehrssicherung is a leading specialist provider of traffic safety services in Germany and Europe. The company is headquartered in Kürten and offers all essential services related to traffic safety projects. These range from initial planning to obtaining permits to complete construction site construction and safety aspects. AVS is characterized by its international presence in 21 locations. In Germany, AVS is represented at 18 nationwide locations. Internationally, AVS has a location in Latvia and 2 locations in Denmark. AVS employs around 730 people.
Further information can be found at: www.avs-verkehrssicherung.de
About Triton
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 38 companies currently in Triton's portfolio have combined sales of around €14.9 billion and around 73,000 employees.
For further information: www.triton-partners.com